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 ...
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...
Multifamily Supply Wave Recedes as Construction Stages Retreat
Most, but Not All, US Markets Experience Supply Declines in 2024
Nationally, the multifamily market remains in a state of oversupply, but conditions appear to have turned the corner. Forecast multifamily property completions for 2024 total 533,0...
Midwest Could Maintain Multifamily Rent Growth Leadership Into 2025
Apartment Supply Overhang Keeps the Sun Belt Running Last in the Rent Growth Race
The Midwest has emerged as a surprising leader in apartment rent growth, a trend that began at the end of 2022 and is projected to continue through 2025. This shift marks a signifi...
After a Challenging Year, Things Are Starting to Look Up in the Multifamily Sector
More Demand for Three-Star Rated Apartments Combine With Declining Supply Additions Create Opportunity for Recovery
Recent data suggests the multifamily housing market is moving toward stabilization after enduring two years of adverse conditions marked by record new supply additions and reduced ...
Sun Belt Multifamily Demand Underperforms Over Past Two Years
Projections for Apartments Rise for 2024 and 2025, Still Not Enough To Match Supply
To get a look at the chain of events that has led to forecasts of Sun Belt apartment market supply likely outpacing demand this year, we need to go back to the start of the pandemi...
Renters of Mid-Priced Apartments Face Sticker Shock
Middle- and Lower-Income Renter Households Absorb Highest Rent Increases in Past Four Years
For the multifamily rental households that were struggling to pay rent before the pandemic, the health crisis that sent apartment rents skyrocketing from surging demand and lower v...
Accelerating Multifamily Demand Bodes Well for Spring Leasing Season Kick-Off
But Elevated Supply and Economic Uncertainty Loom
The U.S. multifamily market staged a strong rebound in demand during the first quarter, as 104,000 units were absorbed, the highest number since the third quarter of 2021. Steady e...