Market Intelligence: U.S. Spring Apartment Update
Join multifamily market experts Jay Parsons and Carl Whitaker for an interactive, educational update on U.S. apartment market fundamentals.
The typical winter slowdown was absent from first quarter 2022 statistics as the nation's apartment market remains red-hot. Occupancy rates continue holding at all-time-high levels. While new lease rent growth is easing in many markets, the pace of growth is still well above the pre-pandemic mark.
Perhaps more noteworthy is the continued acceleration of renewal rent growth as the nation's loss-to-lease gap tightens. Although current expectations are that summer 2022 performance will have a difficult time matching 2021's record-setting pace, all signs point to another excellent peak leasing season in 2022.
Increasing investment activity has followed exceptional revenue growth within the apartment sector. Shifts in urban/suburban performance, amplified Sun Belt interest and crucial topics like affordability, demand headwinds/tailwinds and legislative updates (plus much more) will be covered in this hour-long industry overview.
Jay Parsons serves as VP, Head of Economics & Industry Principals for RealPage. He is a frequent author and speaker on topics including rental housing investment and asset management strategy, rental housing policy issues, risk management and property management – covering apartments and single-family rentals. Jay has been cited in the Wall Street Journal, Bloomberg and CNBC, among other outlets. His commentaries have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt.
Carl WhitakerDirector of Research & Analysis, Market Analytics, 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.