As we move on closer to the end of the third quarter, the economic impact of the COVID-19 crisis becomes increasingly more apparent. The multifamily industry has been touted as one of the few real estate sectors that have weathered the coronavirus storm fairly well. Despite a few bright spots in the past few months, there are several factors that might interfere with the housing sector’s performance going forward. Paula Munger, the expert leading NAA’s research efforts, explains what the data say.
The National Apartment Association delivers regular reports on how the health crisis evolves, but it also conducts member surveys each month. One common thing among NAA members is uncertainty. Most residential owners and operators find it extremely challenging to predict how things will play out, which makes planning ahead almost impossible.
Tune in now to find out what’s the general sentiment among rental housing providers, and what they most need in order to speed up the recovery process!