Research Center
Market Pulse for November 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: Housing starts of buildings with five or more units fell by 6.9 percent over the month of August 2016 to a seasonally adjusted annual rate of 403,000. Despite the monthly decrease, the number of starts of buildings with five or more units eclipsed 400,000 for the third consecutive month. Year-to-date, the average number of starts per month of buildings with five or more units is 382,000. Over the same period in 2015, encompassing the months of January through August, starts of buildings with five or more units…
Top 10 Multifamily Sales Third Quarter: New York City
Recorded in Third Quarter 2016; more details featured in the Research Center
Economy Watch: Multifamily Emerges as One of Strongest Asset Classes
ULI and PwC rated multifamily as the second best opportunity for investment and development going into 2017.
Yardi Matrix: Columbus, Where Growth Meets Affordability
Driven by an improving economy led by technology, logistics and advanced manufacturing, Columbus’ multifamily sector is steadily gaining strength.
Yardi Matrix: Pittsburgh’s Slow Awakening
Multifamily development in the metro is robust, with more than 10,300 units currently in the pipeline.
Yardi Matrix: Salt Lake Growth Story
Demand for apartments in the metro is fueled by the healthy influx of young professionals, especially in the technology and health care industries.
Yardi Matrix: Cleveland’s Fundamental Promise
Multifamily fundamentals are strong in the City of Champions, with more than 11,500 multifamily units in different stages of development.
Economy Watch: Beige Book Says Multifamily Outlook Mostly Positive
The central bank’s districts reported varied outlooks on multifamily activity, but they were largely optimistic on the whole.
Yardi Matrix: Priced Out in San Jose?
Demand has pushed Silicon Valley rents to new heights, pricing out even some of the area’s well-paid workers.
Yardi Matrix: An End to San Francisco’s Bull Run?
Affordability has become a pressing problem for San Franciscans after years of double-digit rent growth in the metro.