National apartment deliveries surged, putting pressure on markets even as rental housing demand remains resilient heading into 2026.
RealPage reports the return of apartment demand, stabilizing occupancy rates and cooling rent growth in 2023’s 2nd quarter.
Austin has seen record apartment supply and demand recently, but occupancy and rents have taken a hit.
The top U.S. employment markets continued to pick up more jobs in April.
U.S. apartment investment dropped in early 2023. Though total real estate investment remains high, sales are now below pre-pandemic norms.
Based on key economic indicators, RealPage has slightly upgraded most major markets in the latest 2024 forecast.
Apartment demand slowed recently, triggering rare 3rd quarter rent cuts.
Multifamily starts increased suddenly and sharply in July, while multifamily permitting declined.
Both permits and starts increased unexpectedly in June, but multifamily completions are still running far ahead of those measures.
Multifamily starts and permits have been slowing for almost two years, but single-family development also recently turned downward.