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Will Rising Apartment Supply Dent This Dividend Stock?

Will Rising Apartment Supply Dent This Dividend Stock?

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. Are we looking at a glut of apartment units, and will that negatively affect Equity Residential (NYSE: EQR), an operator of luxury apartments? Equity Residential focuses on markets that attract affluent long-term renters.