What to watch in 2025: Smaller construction pipeline offers chance for multifamily sector to catch its breath
But supply overhang in some Sun Belt states threatens to delay near-term recovery
The U.S. multifamily market, fresh from a 40-year record high of 692,000 apartment units completed in 2024, is expected to add less than half of that amount, only 342,000 units, in...
What to watch in 2025: Multifamily rents could see meaningful growth in second half of year
Sun Belt markets could lag in rent growth due to supply outpacing demand
Over the past six quarters, the U.S. multifamily sector has posted stagnant rent growth, with an average annual increase of just 1% after setting a national record high of a 9.8% a...
In multifamily rent growth contest, college football's small-town SEC powerhouses edge out Big 10 giants
Small markets, limited inventory and population growth gives SEC an edge
In college football the Southeastern Conference, or SEC, and the Big Ten Conference dominate on the gridiron. But when it comes to where multifamily rent is increasing the most, th...
Renters were expected to abandon downtowns and other urban areas. That's not what the data says.
Urban cores in Denver and Miami headline a surprise development boom
Conventional wisdom suggests that housing preferences underwent a seismic shift during the pandemic. As millions of white-collar professionals suddenly found themselves working fro...
Multifamily construction slows sharply
Despite financing and oversupply issues, developers in some markets buck the trend by starting projects
U.S. multifamily housing is experiencing a significant pullback in new construction, even as the number of units that began construction in the past two years is expected to reach ...
Affordable apartments emerge as unlikely rent growth leader with luxury market stumbling
Lower-quality one- and two-star properties attract steady demand, higher rents
In a housing market marked by volatility and oversupply at the top end, one multifamily sector has emerged as an unlikely leader in consistent rent growth since the pandemic-relate...
Five-year multifamily construction boom pours 1.8 million units onto the US market
Sun Belt dominates supply gain, accounting for two-thirds of the increase
Over the past five years, the national multifamily housing market added a massive amount of new supply, with total completions surging from 1.3 million to 1.8 million units.
Here's how widely apartment rent gains and declines vary across the country
While some Austin, Texas, neighborhoods drown in supply, areas near Washington, DC, thrive
While annual multifamily rent gains nationally held steady at 1.2% in the third quarter, wide variations have emerged in specific neighborhoods around the country.
National multifamily vacancy rate may have finally peaked
Strong regional disparities still show dramatic vacancy differences across the country
The national multifamily housing vacancy rate may have reached its peak of 7.9% in the third quarter of 2024. This marks a significant milestone as it is the first time in three ye...
Multifamily market sees strongest demand since 2021, lowering national vacancy rate
Third-quarter performance outpaces expectations, Sun Belt rent growth struggles persist
Multifamily demand expanded at the highest rate since 2021 during the third quarter of this year, with 176,000 units absorbed in an indication of a strong net change in occupancy.
Despite pain across downtown offices, multifamily counterparts draw steady demand
Even if renters don’t need to be in the office full time, they still prefer having access to downtown lifestyle features
Concerns about the prospects for urban multifamily properties have surfaced as the office sector keeps struggling with rising vacancy and declining property valuations. Some multif...
After stagnating for two years, multifamily rent growth finally expands
Release of pent-up household formations sets stage for multifamily rent expansion
In August, the U.S. apartment rental market started showing early signs of recovery, following stagnation that began in late 2022. That stagnation had come quickly, with the market...
Accelerating demand for mid-priced apartments has already surpassed last year
Sun Belt locations represent seven of top 15 markets
Demand for mid-priced apartments rated three stars has accelerated markedly in 2024. Demand for those units jumped 86% in this year's first quarter from the same time a year earlie...
Level of multifamily oversupply may be smaller than you think
While Sun Belt markets face the biggest challenge from overbuilding, other locations avoided that fate
Over the past two years, the U.S. multifamily market has experienced supply additions at levels not seen since the mid-1980s. At the same time, demand has significantly trailed sup...
Slowdown Projected for Single-Family Rental and Build-to-Rent Properties
Higher Vacancy, Negative Rent Growth in Past Four Quarters Highlight Challenges
Over the past five years, many renters and, by extension, the investment community have significantly increased their interest in single-family rental and build-to-rent real estate...
Multifamily Construction Starts Hit Lowest Level Since 2011
Slowing Pipeline Sets Stage for Supply Pullback in New Apartments Over the Next Two Years
While the multifamily market digests the record-high completions of 2023 and 2024, a dramatic slowdown in the construction of new units has major implications for apartments projec...
Apartment Rent Growth Ticks Up Slightly in July as US Multifamily Demand Stayed Strong
Midwest and Northeast Markets Still Dominate, but Two Surprise Markets Emerge
Annual asking rents for apartments nationally increased by 10 basis points to an average growth rate of 1.2% in July as demand for rental units maintained the elevated pace set in ...
Apartment Vacancy Rates Hold Steady As Multifamily Demand Nearly Matches Supply
Watch Our 'State of the US Multifamily Market' Video Report
Multifamily demand expanded during the second quarter as 170,000 more units were rented than vacated, the highest total since the third quarter of 2021. And while 180,000 new units...
Some Under-the-Radar Multifamily Markets Outperform on Rent Growth
Limited Supply Additions Combine With Consistent Demand in Overlooked Locations
The 50 largest multifamily markets in the U.S. account for 75% of the sector’s inventory of 19 million units, and they routinely attract the most attention from institutional inves...
Rent Growth in LEED-Certified Apartments Rebounds
Severe Weather Across the Nation May Be Giving These Types of Buildings a Demand Boost
Like many property sectors, multifamily real estate experienced significant upheaval during the COVID-19 pandemic. Notably, despite the environmental benefits, LEED-certified build...