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? 

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Source Fool.com