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RentariIQNew-Construction Supply Pipeline
Report ID: u4fSvuIBAQaBiU3y
Prepared: August 03, 2026
New-Construction Supply Pipeline for
Demo Property · West Fargo, ND
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Area context (demo location hidden)
1,154 new housing units were permitted in Cass County in 2025, 42.9% of them in 5+ unit buildings — supply that will compete for the same tenants.
AI summary — generated from this report's data
Cass County is projected to have 1,154 new housing units permitted in 2025, representing a -5.6% change from the prior year. Of these, 42.9% are in 5+ unit buildings, indicating a notable supply of new multi-unit housing. This new supply will compete for tenants in the market.
1,154 new housing units are permitted for 2025 in Cass County, indicating a significant increase in overall housing stock.
The -5.6% decrease in permitted units from 2024 to 2025 suggests a slight deceleration in the rate of new housing development.
It would be beneficial to verify the current stage of development for the 42.9% of units in 5+ unit buildings to understand their potential market entry timeline.
mediumThe 42.9% of new units in 5+ unit buildings represents a direct increase in competitive supply for rental properties.
Advisory read: Consider how the projected supply of 1,154 new housing units, particularly the 42.9% in 5+ unit buildings, might influence market dynamics for your property.
Permitted units
1,154units
Cass County · 2025 · Census BPS
Permitted units (2025)
1,154
all structure sizes
In 5+ unit buildings
42.9%
the apartment pipeline
Vs. prior year
-5.6%
2024 → 2025
Permitted housing units by year — Cass County
Year
1-unit
2-4 units
5+ units
Total units
2023
707
0
980
1,687
2024
728
85
410
1,223
2025
659
0
495
1,154
Census Building Permits Survey 2023–2025, county level, annual totals of PERMITTED units by structure size. Permits measure authorization to build — some are never started, and completions lag permits by roughly one to two years.
Structure mix, 2025
Permitted units by building size (Census BPS, county level).
Apartment pipeline
42.9% of the units permitted in Cass County in 2025 are in 5+ unit buildings — the apartment pipeline that most directly competes with rental units. This is supply that has been authorized but has not necessarily hit the market yet.
Existing stock context — ACS 2020–2024 5-year
Median year built (county housing stock)1993
How the permitted pipeline compares against the age of the county's existing homes (US Census Bureau, ACS 2020–2024 5-year).
Source: Census Building Permits Survey 2023–2025, county level, annual files (free public data). Permits are authorizations, not completions; jurisdictions that issue no permits report zeros.
County-level pipeline context — it describes the county as a whole, not this parcel's immediate submarket. Advisory framing, not a forecast.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Report generated on August 03, 2026. Figures are retrieved live or from a short-lived
cache (up to 30 days for some public-data sources), so a figure may pre-date this report —
each context card states its own data vintage. Comparable recency is shown per comp;
county assessment figures reflect the assessor's latest published tax year; HUD figures
reflect the current published fiscal year.
Rentari IQ rent estimates are informational market references, not pricing instructions. They are generated from your own property data, real comparable market listings, and — where local listing data is limited — AI-estimated market references (clearly labelled as such), never from other landlords' confidential rents, to support your own independent pricing decisions. You set your rents; Rentari does not. Every estimate is an advisory data point, and you remain solely responsible for the rent you charge. Estimates are not appraisals or legal advice and do not account for fair-housing, rent-control, or local pricing laws. Confirm every rent independently and comply with all applicable federal, state, and local requirements.
Disclaimer
This report is for informational purposes only and does not constitute financial, legal, investment, tax, or appraisal advice. Figures are drawn from the public and licensed data sources below and, where noted, AI-generated insights (Google Gemini) — always labelled as such. Please consult qualified professionals before making any decision.
Data sources
Rent comps & listings: RentCast · Property value, tax & assessment: ATTOM Data · Fair Market Rents & income limits: HUD (HUD.gov) · Demographics, income & housing medians: U.S. Census Bureau (American Community Survey) · New-construction supply: U.S. Census Bureau (Building Permits Survey) · Migration & income flows: IRS (Statistics of Income) · Employment, wages & rent inflation: U.S. Bureau of Labor Statistics · Flood zones & natural-hazard risk: FEMA (Flood Hazard Layer, National Risk Index) · Environmental screen & walkability: U.S. EPA (Superfund, AirNow, Walkability Index) · Seismic design values: U.S. Geological Survey · Mortgage market & rates: HMDA / Freddie Mac · Street View & geocoding: Google Maps · AI summaries & AI-estimated comps: Google Gemini (clearly labelled where used) · Your own executed leases: de-identified, from your account only
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RentariIQNew-Construction Supply Pipeline