Research Center
Increasing Migration Sustains Demand in Salt Lake City
Boosted by a growing population and solid employment gains, Salt Lake City continues to attract multifamily developers. Roughly 8,600 units were under construction across the metro as of June.
Demand Fuels Growth in Chicago
Multifamily rents are increasing at the fastest pace since November 2016, reaching 1.8 percent year-over-year as of June.
San Jose Prices Out Many Residents
The metro’s lack of housing affordability continues to hinder population growth, as Silicon Valley’s multifamily market commands some of the highest rents in the nation, while the area’s median home price is approaching the $1 million mark.
Rent Growth Rebounds in San Francisco
The metro’s average multifamily rent went up 2.7 percent year-over-year through June, to $2,645, while housing affordability dropped to its lowest level since 2008.
Top 10 Multifamily Completions in Orange County
After hitting a cycle peak this year with more than 5,400 units coming online, supply in the area’s multifamily sector is expected to temper. Rental stock should gain some 2,400 units by year-end.
Pricier Than It Used to Be in Atlanta
The metro’s average multifamily rent surpassed the $1,200 mark this year, having gained more than $200 since the summer of 2014.
Luxury Rentals Take a Hit in Richmond
As the majority of new stock is upscale, the metro’s multifamily rent growth decelerated in the first few months of 2018, falling behind the national average.
June 2018
Home supply rose to 4.1 months worth in June, up from 4.0 months in May. Median prices on condos and co-ops nationwide rose by 4.9 percent over the past year to $258,100 in June.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in July 2018 in New York City.
Homeownership Among Families with Children Sees Big Drops
Over a 10-year period, the number of homeowner families with minor children dropped by 3.6 million in the United States.