Investors Stay Bullish, Rent Growth Slows in Baltimore
Although fueled by demand for live-work-play communities and an ongoing urban development surge, the city’s multifamily market fundamentals continue to lag behind the national trend.
Chicago Makes Room for More Growth
The metro continued to attract companies looking to relocate or expand, producing job gains in high-paying sectors, including financial activities. The city was slated to add some 9,000 multifamily units to its inventory in 2017, marking a post-recession high.
Supply Catches Up With Demand in Austin
The Texas capital boasts a strong economic and population growth, maintaining a steady demand for multifamily, despite the temporary surge in supply.
Interest Stays High in LA
Rent growth continues to derive from a disconnect between growing supply in the Lifestyle segment and demand for workforce properties.
Economy Watch: Renter Household Growth Likely to Slow
Following an unprecedented run-up in demand over the last decade, rental household growth is expected to decelerate in the coming years, according to a recent Harvard Joint Center for Housing Studies report.
Economy Watch: Apartment Market Fundamentals Beginning to Shift
The U.S. homeownership rate appears to have stopped falling after more than a decade of declines, according to a recent Apartment List Rentonomics report, which is likely to have implications for multifamily rental properties.
2017 Top 50 Multifamily Development Firms
Our 2017 ranking of the Leading Commercial and Multifamily Developers features a group of firms with wide geographic and sector diversity.
Tampa’s 10 Biggest Multifamily Deals in 2017
As Tampa’s apartment market is going strong and investors show strong interest in the market, Yardi Matrix rounded up the 10 biggest deals of the year.
September 2017
Commentary and data were supplied by a senior economist with the National Association of Home Builders (NAHB).
Rent Growth
The national deceleration on a year-over-year basis continued, with rents up 2.3% nationwide in October, a 30 basis-point decline from September. Rent growth in Houston is up 0.8% year-over-year through October, a 100-basis point improvement over -0.2% in September and the metro’s first positive month since July 2016. Upward of 45,000 apartment units and 100,000 housing units went out of commission as a result of Harvey.