New quarterly estimate projects 2% increase over Q1 forecast SANTA BARBARA, Calif., May 6, 2026 – The latest quarterly Yardi® Matrix multifamily supply forecast features a 2% increase in projected completions for 2026, reflecting updates to the under-construction pipeline since the Q1 update. The new forecast also notes that the under-construction pipeline has consistently declined since March 2024, putting 2026 on track to be the first year to record a meaningful decline in new supply since the post-pandemic supply wave.