A third chart that I did not include would show you that the spike was also caused by "dry lots", meaning no waterfront.So, where did all of the inventory go?

Reno, NV has seen major investments in EVs and data centers along with the lithium loop with little increase in housing inventory in the MF or SF classes. 

I believe the market is at about 6 weeks of inventory, which is pretty low.

On the flip side, more building does mean more inventory so if you can be part of the above point, you can get a pretty new home that tenants want.

@Anastasia Jordan, the property must be on the state inventory for at least five years.

At our local REI flipper group, there was alot of dialogue around math not mathing, wholesalers over pricing, and inventory sitting.

I have sold apartments in Columbus for 10 years. existing inventory in C and D areas are the same cost per square foot as suburban multifamily so I figured we have a shot at something and there's been plenty of demand.

I have been reading lately about high interest rates, high prices, low inventory, too much competition, no cash flow, etc.

After closing the buyer borrowed against the equipment and inventory, and then sold the real estate.

Take inventory of similar projects in close proximity.