The pace of multifamily housing permits and starts ticked up at the end of 2023, as developers tried to get in a few more projects by the end of the year.
While absorption patterns are strong, the pace of leasing suggests some demand may be pulled forward from later in the year.
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...
The record number of apartment units in lease up has impacted all three product segments, resulting in a reduced pricing premium between asset classes.
Multifamily starts jumped in February, as residential development was inspired by better weather and tight inventories.
The Austin apartment market has seen sizable supply in recent years, but construction activity is fading.
Multifamily permits and starts continued to decline in the year-ending October, but single-family development is rebounding.
Three themes emerged in 1st quarter multifamily REIT earnings calls.
Most of the top markets for multifamily permitting in the year-ending March are also among the top 10 markets for single-family permitting.
Annualized multifamily completions totaled 740,000 units for the first time since April 1974.