Two-thirds of RealPage’s top 150 markets had fewer jobs gained in the past 12 months than they did for the previous 12-month period.
Metro-level employment gains are leveling out based on December data from the Bureau of Labor Statistics.
Only a handful of apartment markets logged positive apartment demand in the year-ending 1st quarter 2023, led by the performance in Newark.
After a decade of significant apartment construction activity, Denver construction starts dropped off in 2024.
With new supply hitting at a rapid pace, a handful of markets are expected to perform above expectations in the coming year.
The stabilization of the U.S. apartment market continued in July data.
apartment occupancy fell to a decade low at the end of 2023, but some major markets are still logging rates in a typical range.
Throughout 2024, our team helped make sense of the year in multifamily with facts, figures and analysis.
Among the large markets, the biggest job growth next year is expected in the Sun Belt.
In Q2 2025, U.S. apartment demand reached all-time highs amid supply constraints and resilient leasing dynamics.