Developers Curtail High-Density Urban Infill Projects

Multifamily developers are pulling back from high-density urban infill projects as Q2 2025 data show apartment starts in large metro core counties declined 12.3% on a four-quarter moving average. Developers like Greystar cite higher costs, lower yields, and investment risk, while oversupply and slow rent stabilization persist. Lawmakers propose the Build HUBS Act and experts warn rising youth unemployment may weaken demand.