Market Intelligence: Q4 National Multifamily Update
Now Available On Demand
The U.S. rental market has finally reached an inflection point with record-high demand, record occupancy and unprecedented rent growth all in the rearview mirror.
Although demand and subsequent performance levels were always going to normalize below the all-time high set in 2021, emerging trends suggest potentially mixed signals for the near-term outlook.
Will a 50-year peak in new supply cause rent growth to stumble? How do economic hot-button issues like inflation, payments, consumer sentiment and affordability influence expectations? Are cracks emerging in specific product classes, such as the sharp downturn in Class C retention rates and the slowing absorption among lease-up assets?
Join RealPage® experts Jay Parsons and Carl Whitaker as they review 2022 performance and share their thoughts on what lies ahead for the U.S. rental housing market and the national economy.
Jay Parsons serves as Senior Vice President, Chief Economist for RealPage, leading the Economist and Industry Principal teams to provide deep insights on market trends and consumer behaviors. He is a frequent author and industry speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management.
Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, and The New York Times, and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron's, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt.
Carl WhitakerSenior Director of Research & Analysis, RealPage, Inc.
Carl Whitaker is a Real Estate Economist with RealPage’s Data Analytics division. At RealPage, Carl has specialized in creating industry presentations, market and submarket trend reports and crafting ways in which data can be more easily consumed and leveraged by clients. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.