Economy Watch: Rent Increases for Single-Family Slow
Year-over-year rent growth has decelerated slowly since it peaked early last year, according to the CoreLogic Single-Family Rent Index.
December 2017
Sales of existing condominiums and cooperatives declined by 11.6 percent at a seasonally adjusted annual rate to 610,000 units in December 2017. Regionally, sales in the Midwest were unchanged, but the Northeast, South and West all declined.
Demographic Changes Turn 22 More U.S. Cities into Renter-Majority Markets
The population in some 22 large U.S. cities has shifted from owner-majority to renter-majority during the “recession decade,” with Toledo, Ohio; Memphis, Tenn. and Tampa, Fla. seeing the most abrupt changes.
Going With the Flow in Knoxville
Recent population gains sustain a strong demand for apartments across the metro, boosting development, which is on track to exceed the cycle average this year.
Robust Development Tempers Occupancy in Tampa
Multifamily demand is expected to remain strong across the metro, which has become a tech industry hotbed in recent years, due to housing affordability and a favorable tax and regulatory environment.
Top 10 Boston Completions of 2017
Developers focused on upscale properties, but also considered local regulations and incentives regarding the need for affordable units. Yardi Matrix rounded up the 10 largest deliveries in 2017’s Boston.
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.