Recent years have seen housing costs rapidly climb, and high interest rates are only part of the problem. Housing policies attuned to the benefits of additional housing supply often meet opposition at the hyper-local level, but policymakers are becoming increasingly more attentive to the ways in which deregulation can help solve the housing affordability crisis and create more housing supply. Multifamily rent growth has been dampened by the record levels of new apartment supply, but apartment investors remain encouraged by the signs of sustained housing demand.