Research Center
Economy Watch: U.S. Apartment Market Uneven in Q1
The U.S. apartment market is sending mixed signals, according to the latest NMHC Quarterly Survey of Apartment Market Conditions.
Houston Makes Buoyancy Its Brand
The metro’s multifamily market displayed a strong performance in the fourth quarter of 2017. As construction remains robust, rents are expected to rise by 2.3 percent in 2018.
Economic, Supply Growth Remains High in Dallas
Both multifamily development and investment in DFW continue at a torrid pace, bolstered by one of the country’s best-performing economies and rapid population gains.
Tech, Finance Sectors Revive Growth in Chicago
The city remains a financial powerhouse and continues to add high-paying jobs, helping rent growth achieve a slight recovery.
Healthy Demographics Push Up Demand in Austin
The metro’s multifamily demand is expected to remain strong, sustained by an estimated population growth of 2.8 percent in 2018.
Maintaining Momentum in Atlanta
The metro’s economic growth and positive demographics support apartment demand, even at a time when inventory expansion is rapid, having reached new highs in recent years.
Economy Watch: Multifamily Construction Spending Nears Pre-Recession High
Construction spending in 2017 was just 2.6 percent short of the pre-recession peak in 2006, Apartment List reported. Single-family residential construction hasn’t recovered to the same extent.
February 2018
The months’ supply of homes increased to 3.7 months in February, from 3.0 months in January. Median prices on condos and co-ops nationwide rose by 5.7 percent over the past year to $227,300 in February.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in March 2018 in New York City.
U.S. Rent Growth Plateaus for Over a Year, Small Cities Rents Climb
Twenty-nine of the top 30 cities with the highest rent increases in March were in small cities, led by Odessa and Midland, Texas, where rent prices are bouncing back after the most recent drop in oil prices.