Reis reported Thursday that the US apartment vacancy rate was unchanged at 4.2 per cent during the second quarter with construction and net absorption effectively in balance.
This is compared to 4.2 per cent in 1Q. In 2Q 2014 the rate was also 42 per cent.
The vacancy rate peaked at 8 per cent at the end of 2009 and is mostly moving sideways now.
As completions catchup with starts, the vacancy rate will probably start increasing, said Reis.
