Market Intelligence: Q2 U.S. Multifamily Update
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As the U.S. apartment market enters prime leasing season, what should we expect for leasing traffic, renter retention, rents and affordability?
Will leasing traffic accelerate like it normally does in the spring? Can the market reverse a trend of negative rent movement? Will the surge of new completions — scheduled to reach 40-year highs in 2023 — wreak havoc on the market? How will performance vary by market, asset class and urban/suburban?
Join RealPage® experts Jay Parsons and Carl Whitaker as they review recent performance and share their insights into the near-term outlook for the multifamily industry.
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 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.