Supply Moderates Rent Growth in Nashville
The lack of affordable units and record deliveries are dampening growth, although healthy fundamentals and the potential for economic improvement are drawing developers and investors alike.
Economy Watch: More Adults Now Share Living Space
While the Great Recession brought an initial uptick in shared living arrangements, the trend has continued to grow nearly a decade later, according to a recent Pew Research report.
Strength of the Inland Empire
Rents continue to grow at a solid rate, thanks to steady job gains as the region’s economic cornerstone, the industrial sector, is surging.
Economy Watch: Apartment Rents Still Edging Up in Most Cities
Smaller cities continue to see the greatest increases, but major markets like those in California still make up the most expensive cities for renters, according to a recent RentCafé report.
Orlando Closes the Year in Style
As population gains further bolster demand, multifamily rents are prone to above-trend growth in the foreseeable future.
Demand Pushes Twin Cities’ Occupancy to Top
Although investor appetite is high, deliveries haven’t kept up with demand. Roughly 6,700 units were underway late last year, mostly targeting high-income residents.
Supply Surge Dampens Rent Growth in Kansas City
The metro continues to attract large employers and consolidate its status as a destination for travel and investment. However, the multifamily development boom has led to a rent growth slowdown.
Overbuilding Tempers Growth in Washington, DC
Too much development is finally placing pressure on rents, but the capital region still ranks among the most stable multifamily markets in the U.S.
Economy Watch: Multifamily Market Continues to Soften
Overall demand and the availability of equity capital remain strong, but many owners are pulling back on activity, according to NMHC’s latest quarterly survey.
November 2017
A senior economist with the National Association of Home Builders (NAHB) supplied commentary and data about multifamily starts, price indices, existing condo sales and building materials.