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.
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.
In the latest episode of Economy Express, the U.S. economy showed some signs of slowing, with softening employment growth and housing activity.
Among the nation’s largest 50 apartment markets, many saw occupancy improvement in calendar 2024.to see occupancy improve from their local low point.
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...
Some markets have more high-rise apartment communities than others.
apartment occupancy fell to a decade low at the end of 2023, but some major markets are still logging rates in a typical range.
In about a third of the nation's largest apartment markets, there have never before been this many units under construction. Over 917,000 units are currently under construction ac...
See the major apartment developments scheduled for completion in 2023 and their impact on local rental housing markets.