There are over 131,000 units in the Phoenix metro area’s apartment construction pipeline, according to the latest report from Berkadia.

Last year, inventory supply was 185.7% lower at less than one month.

Phoenix showed some of the greatest housing inventory gains in the country during 2022, according to new data from John Burns Real Estate.

The move comes despite a slowdown in the single-family rental market. 

The brand will specialize in cottage-style homes with private backyards. 

Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma.