Insights from 3rd quarter earnings calls of the six largest multifamily REITs show how summer performance is steering expectations as the year closes.
Apartment demand patterns fluctuate by region, usually lead by the strongest absorption in the South and slow-and-steady readings in the Midwest and Northeast, while the West varie
Asking rent growth continued to trend downward in the year-ending July as operators successfully continue to prioritize occupancy, according to RealPage.
Among the four geographic regions of the U.S., the Northeast experienced the strongest apartment rent growth in the past year.
Nearly 440,000 apartment units completed in 2023, and even more are scheduled to deliver in 2024, according to RealPage Market Analytics.
Job growth eased again in April, with many of the nation's top markets logging fewer annual gains.
Despite elevated apartment supply volumes, Philadelphia occupancy and rent growth remain in solid shape.
Multifamily permit volumes continued their downward trend in November.
Job growth remains solid on a national level, but some top markets are showing signs of slowing down.
After multifamily permits and starts ran close together for most of the year, paths diverged in August, as starts plunged.