Dive summary:

• Apartment construction remains a popular investment opportunity, and growth in 2013 may mark the highest number of units brought to market since 1999.
• Greg Willett, research and analysis vice president at MPF Research, told a conference that growth in the number of units is slowing some, but there was still more demand for new apartments last year than production.
• Last year ended with 224,017 units under construction in the core 100 metro areas that MPF watches. That is the highest since 367,000 units in 1999.

From the article:

Though job growth is tepid, its recovery has come primarily in service jobs and lower paying occupations, a sweet spot for the apartment industry. ...