Yardi Matrix: Cooling Rents—Austin’s City Limits
The city’s multifamily market continues to be a hotbed of activity, despite a growing sense of caution that rents and development are beginning to decelerate.
Yardi Matrix: Salt Lake’s Mountainous Rise
Utah’s largest city is in the midst of a boom—driven by robust employment and population growth—that is producing healthy demand for housing.
Economy Watch: CRE Investors to Keep Up Buying in ’17
Investor appetite for non-core assets increased significantly in 2017, with industrial replacing multifamily as the most attractive asset type, according to CBRE’s recent investor intentions survey.
December 2016
Commentary and data were supplied by Michael Neal, a senior economist with the National Association of Home Builders (NAHB).
Rent Growth
Rents were up 4.6% nationwide in January, a 30-basis-point increase from December, though still 240 basis points below the recent high of 7.0% in January 2016.
Yardi Matrix: Sacramento’s Capital Appreciation
As the only remaining metro with year-over-year rent growth in double figures, Sacramento seems unfazed by the national downward trend.
Matrix Monthly: Rents Jump $5 in January
With a few exceptions, rent growth continues to be driven from highly populated metros in the West and South.
NMHC: Trump Ushers in Optimism and Caution
Real estate industry veterans and public policy pros came together at the National Multifamily Housing Conference’s annual meeting to discuss the impact of the new administration on multifamily.
Economy Watch: Apartment Markets Slowing Down
All four indexes in the NMHC’s quarterly survey released this month were below the break-even level of 50, indicating weaker conditions in the multifamily industry.