December Jobs: Annual Gains Continue Slowing for Top Metros
https://www.realpage.com/analytics/december-2024-metro-employment-update/
Metro-level employment gains are leveling out based on December data from the Bureau of Labor Statistics.
Metro-level employment gains are leveling out based on December data from the Bureau of Labor Statistics.
The price of goods and services in the U.S. continued to soar in June despite efforts by the Federal Reserve System to curb inflation. The Consumer Price Index (CPI) for All Urban Consumers, a measure of price changes commonly referred to as the inflation rate, increased 9.1% on an annual basis in June 2022, according read more
Such strong 4th quarter demand propelled annual absorption to 8,709 units across Raleigh/Durham in 2023, which was the highest rate on record.
In 2Q25, Sun Belt markets saw strong absorption, nearly 4 units leased for every new start, underscoring persistent demand amid cooling construction.
Some markets have more high-rise apartment communities than others.
The U.S. economy displayed resilience in 2nd quarter 2024, adding over 532,000 jobs, bringing total job creation to over 1.3 million year-to-date, based on seasonally adjusted data...
Among the nation’s largest 50 apartment markets, many saw occupancy improvement in calendar 2024.to see occupancy improve from their local low point.
In the latest episode of Economy Express, the U.S. economy showed some signs of slowing, with softening employment growth and housing activity.
More apartment renters than ever are choosing to renew leases in the same unit, even as rents jump amidst rapid inflation. At the same time, market-rate renter incomes continue to soar – helping push up affordability ceilings. More than 57% of market-rate renters with an expiring lease renewed over the last 12 months, up 3.5 read more
While apartment construction activity is up everywhere, some markets will feel more impact than others.