Apartment construction activity is shrinking, despite a recent housing report showing increased multifamily starts. After 2+ years of stagnant rent growth in the wake of a once-in-a-generation surge in apartment building, the multifamily market is on the edge of a shift towards a demand-driven market. Slower-moving investors are waiting for interest rate cuts to jump into the market, but in many midwestern markets (like Indianapolis) that have been the best-performing in recent years, forward-looking investors are investing with confidence.Link to sources discussed in this episode:CNBC: “When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses” - https://www.cnbc.com/2025/08/18/yieldstreet-real-estate-bets-customer-losses.htmlReuters: “US housing starts tick higher in July, led by apartment construction” - https://www.reuters.com/world/us/us-housing-starts-tick-higher-july-led-by-apartment-construction-2025-08-19/RealPage: “Seven Markets with Deep Supply Drops in the Next Year” - https://www.realpage.com/analytics/supply-volumes-decline-markets/Newmark: “2Q25 U.S. Multifamily Capital Markets Report” - https://www.nmrk.com/insights/market-report/2q-2025-united-states-multifamily-capital-markets-reportLearn more about Gray Capital's latest multifamily investment opportunity: https://www.graycapitalllc.com/invest-in-flats Download Gray Capital's latest report: ⁠https://www.graycapitalllc.com/future Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.