• Net absorption in Q2 totaled a favorable 4,465 units, higher than most quarters during the 2010s expansion. However, the Q2 total was down 37.8% year over year.
  • Completions bounced back this quarter with 3,164 units delivered in Q2 2019, 130% greater than last quarter.
  • Even though completions were well above the five-year average (by 42.6%), completions were down 46.6% year over year.