U.S. Spring Apartment Market Outlook
While the U.S. apartment market posted a strong performance during 1Q 2020 as a whole, spread of COVID-19 brought big changes to the economy and multifamily sector momentum in the last half of March. Site-level operations are now drastically different from the previous day-to-day routine. New-resident demand has faltered, but not disappeared entirely. And the previous power to push rents, which was so good for so long, has evaporated in most locations. It’s time to assess the damage experienced to date and measure the prospects for the future.
Join RealPage analysts Greg Willett and Adam Couch for a conversation that measures today’s conditions and examines what’s likely to come.
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 with RealPage’s Data Analytics division. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets. He graduated from the University of North Texas with a degree in Finance and was a part of the Student Investment Group. Adam has traveled extensively throughout China where he studied international policy and its impact on macroeconomics.