08/28/2026
Everyone keeps saying there’s too much real estate inventory.
So why are developers still starting new construction projects? 👀
High interest rates. Expensive construction. New apartments still being delivered. Builder confidence is low.
On the surface, building MORE real estate right now sounds crazy.
But here’s what most people miss:
Developers aren’t underwriting the market for today. They’re underwriting the market they expect to deliver into years from now.
That means looking beyond today’s inventory and analyzing future supply, construction costs, financing, lease-up, rent growth, absorption, and stabilization.
That’s exactly why we built New Construction underwriting into DealWorthIt.
Because the real question isn’t:
“Does this development make sense today?”
It’s:
“Will this deal still make sense when the building is actually finished?”
Maybe building right now is crazy.
Or maybe waiting until everyone agrees it’s a good time to build is even crazier.
What do you think? Would you start a new development in this market? 👇