Multifamily Completions Reach 50-Year High
https://www.realpage.com/analytics/august-2024-multifamily-permit-update/
Annualized multifamily completions totaled 740,000 units for the first time since April 1974.
Annualized multifamily completions totaled 740,000 units for the first time since April 1974.
As macroeconomic challenges climb, investor interest in the build-to-rent (BTR) space continues to increase. Some markets – mostly in the Sun Belt – have emerged as BTR hot spots,...
Bucking the national trend, three small New York apartment markets logged solid rent growth in the past year.
U.S. apartment rents cooled for a second straight month behind weak demand. October’s cut ranked as the third largest since 2010, topped only by the COVID-era lockdown period of Ap...
Madison, WI remains one of the nation’s strongest apartment markets. While fundamentals in many U.S. markets have softened recently, Madison is going strong. This small Midwest apa...
U.S. apartment retention keeps climbing after reaching record highs this year. Renewal rates – which had been climbing steadily since 2010 – were boosted in 2020 as many renters were unwilling or unable to relocate due to the COVID-19 pandemic. Data sourced from millions of units running on the RealPage platform indicate that 53.3% of read more
Rents for professionally managed apartments ticked up a minor 0.3% in the year-ending January 2024, with change measured on a same-store basis, according to RealPage.
While apartment construction activity is up everywhere, some markets will feel more impact than others.
Job growth numbers may have been overstated in 2017, but revisions weren’t as sharp as in previous years. That’s the takeaway from the latest data revisions by the Bureau of Labor Statistics (BLS). At the beginning of each year, the BLS releases revised job numbers for the previous year. This revised data contains additional information read more
Texas markets continue to rank among the nation’s best for employment gains, but job growth continues to ease in those areas.