Add new apartment construction to the long list of coronavirus casualties. More than 280,000 new rental units are projected to be delivered in the U.S. in 2020, a 12 percent drop from the year before and a five-year low, according to a new report from Rent Cafe. The report includes developments of 50 or more units in 13 of the most active metro areas. The Covid-caused slowdown is the result of statewide bans on nonessential
source https://therealdeal.com/2020/08/18/covid-will-push-new-apartment-deliveries-to-5-year-low-report/
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