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      "text": "Chart showing Total Housing Permits (Single and Multifamily) as a % of Households from 1980 to 2020, with an average line from '80-'23.",
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      "text": "We expect our portfolio, which is predominantly focused on infill locations, to be more resilient as new supply comes online",
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      "text": "The United States remains undersupplied by as many as 2 to 4 million homes according to some estimates",
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      "text": "(1) Source: U.S. Census Bureau and John Burns Real Estate Consulting; data as of December 2023.",
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