Affordable housing construction has surged nationwide, with a record 91,000 units delivered in 2024 alone. Phoenix stands out as one of the fastest-growing markets, recording the second-highest percentage increase in affordable housing production nationwide from 2020 to 2024, with a 206% jump compared to the prior five-year period.
Source: https://www.rentcafe.com/blog/rental-market/market-snapshots/affordable-housing-construction
