Multifamily Momentum Builds in Rapid City as Supply Gains Traction

From Investing.com: 2025-06-30 01:55:00

In the housing market, Austin stands out with significant progress against price inflation, while Nashville and Bozeman also show positive trends. Bozeman, Montana is seeing a building boom with a permitting rate similar to Austin’s, mostly in single-family homes. Rapid City is experiencing growth more in line with Nashville and Charlotte, with a focus on multi-family construction. Rent trends are strong in Austin, Nashville, and Bozeman, while Charlotte and Rapid City remain average. Despite challenges in the housing market over the past 17 years, signs of improvement and increased construction activity are emerging, signaling a positive shift in supply relief.



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