Housing Market Predictions for 2024

At the end of every year, Multi-Housing News writers put together complex pieces that provide you a glimpse into how the next 12 months will look like for multifamily players. Whether you’re in student housing, affordable housing, condos, manufactured housing, single-family rentals, senior housing or self storage, we’ve gathered the top trends and housing market predictions for 2024 that you should keep an eye on.

Click on the links below to read experts’ forecasts for the year ahead:

Students’ needs and wants have evolved, with the younger generation now expecting their student housing community to provide a whole living experience that supports their academic path. How have investors and developers reacted to these shifts? What to expect going forward? Find out in our latest outlook story.

Today, storage is seen as a great way to diversify commercial real estate portfolios, acting as a hedge against economic downturns. Following three exceptional years, the sector cooled down to more sustainable growth levels in 2023. What will this year bring? Several experts provide their insights. 

Defined by a mix of challenges—a global health crisis, record-high inflation, widespread unemployment, rising costs, as well as scarce and expensive debt—the past three years have brought the country’s affordable housing stock to an all-time low. What can be done to ease the crisis? Industry leaders weigh in. 

There will undoubtedly be multiple headwinds for MHC players to navigate through, but opportunities will also abound. Read all about manufactured housing trends in 2024 and beyond!

The headwinds impacting the affordability of homeownership were tailwinds for the SRF market. These add to the product’s main attributes—plenty of space, mobility, an amenity package found in luxury apartments and no worries about the high costs of homeownership—and help to convert increasing numbers of apartment renters into SFR residents. But will the trend hold?

For those in the condominium sector, 2023 was particularly difficult, mainly due to the prolonged monetary tightening, combined with stricter legislation in several parts of the country. Will next year be better?

Supported by high demand, absorption and occupancy are expected to continue to increase in the upcoming year, despite headwinds such as a slowing economy, inflation and high interest rates. Senior housing experts discuss what’s in store for the sector.