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U.S. Needs 4.3M More Apartments by 2035 to Address Demand Deficit and Affordability

photography of orange and gray building

Amidst demographic shifts and lingering pandemic-impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC).