Series: Market Update
U.S. Spring Apartment Market Outlook
It’s been one year since the U.S. economy took a nosedive as COVID-19 emerged and some businesses shut down. While apartment occupancy stayed healthy almost everywhere, rent change results varied drastically from one place to the next. Demand has come back to perhaps surprisingly strong levels, but many areas are having to cope with big blocks of new supply. Certain markets are well positioned to perform well in the near-term, while some other metros may have a long road ahead.
Join RealPage analysts Greg Willett and Adam Couch for an examination of what’s shaping the apartment sector performance and what’s likely to happen over the near term.
Discussion topics include:
- The economy and near-term demand signals
- New product stuck in lease-up and still on the way
- Expected occupancy and rent change
- Performance segmentation by product class and geography
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Adam CouchMarket Analyst, RealPage, Inc.
Adam Couch is a Market Analyst for RealPage, Inc. He is the co-host of RealPage’s weekly market webcasts that feature analysis and insights on macro and micro level trends shaping national and local apartment performance. Adam also has been a featured speaker at several multifamily housing industry conferences and regularly provides commentary for national and local business media. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets.
He received his bachelor’s degree in finance from the University of North Texas. Adam was also a part of the Student Investment Group and travelled extensively throughout China, where he studied international policy and its impact on macroeconomics.