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Construction Booms for High-End Apartments, But Most Americans Can’t Afford Them

Construction Booms for High-End Apartments, But Most Americans Can’t Afford Them

In 2017, luxury rental properties made up 79% of all apartment construction in the U.S., according to a real estate report compiled by Yardi Matrix. That trend worsened into 2018, which also saw the national rental average reach an all-time high of $1,408 a month.