The economic shutdown precipitated by the comprehensive social distancing measures underway across the United States came at a time when the multifamily construction pipeline was chock full of new projects scheduled to open throughout the year. The sector’s pace in recent years has been to add about 300,000 new units annually. This year was no exception, with about 300,000 units planned, although 180,000 of those units had been set to arrive in the second half of 2020, according the Marcus & Millichap. FULL ARTICLE |