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Will Rising Apartment Supply Dent This Dividend Stock?

TheMotleyFool

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Will Rising Apartment Supply Dent This Dividend Stock?: https://g.foolcdn.com/editorial/images/698613/luxury-apartment-buildings.jpg

According to an analysis of census data from the National Association of Homebuilders, the number of for-rent multifamily housing units started in the second quarter of 2022 surged to 142,000. This is the highest figure since 1986. Overall multifamily for-rent units have been at multidecade highs for the past year.

Are we looking at a glut of apartment units, and will that negatively affect Equity Residential (NYSE: EQR), an operator of luxury apartments?

Image source: Getty Images.

Source Fool.com

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