07/09/2026
If you have been watching the headlines and wondering whether real estate is still a good place to put capital, the data says yes, and the timing for ground up multifamily specifically is better than it has been in years.
Here's why...
• Supply is drying up.
New multifamily starts have fallen more than 60% from their 2022 peak. New deliveries are projected to run 21% below typical levels all the way through 2028 to 2030. The wave of new supply that pressured rents over the last few years is ending, and there is nothing behind it to replace it.
• Renters are not going anywhere.
A national housing shortage of 3.5 million homes, fewer homes for sale, high homeownership costs, and delayed life milestones are keeping people renting longer. Today it costs more than 62% more per month to own than to rent. That math is not changing anytime soon.
• Rents and values are set to climb.
As the current supply pipeline gets absorbed, rent growth is expected to accelerate. Stronger rents and stable operating costs push NOI higher, and improving fundamentals are expected to push asset values back toward, and eventually past, pre-pandemic levels.
Put simply: less new supply, steady demand, rising rents, and rising values. That is the setup right now, and it is exactly why we are building.
👉 Why Indiana?
The local economy is diversified across healthcare, logistics, life sciences, advanced manufacturing, and professional services, so we are not dependent on any single industry. Indianapolis also has more than $8 billion in active economic development projects underway downtown, including a $4.3 billion IU Health hospital expansion set to open in 2027.
Indianapolis was just ranked the top multifamily investment market in the country for spring 2026 by the Arbor Realty Trust-Chandan Economics, driven by strong labor dynamics, high occupancy, and affordability relative to other major metros.
Annual rent growth in Indianapolis has outperformed the national average for 30 consecutive months!
👉 If you are wanting to partner on our projects in Indiana, please visit our website for more info.
https://goodindevelopment.com/