Summer Apartment Market Update – What’s Hot & Not
With new apartments coming on stream at a rapid pace, rent growth has slowed in some of the country’s previous leaders for pricing power. However, a few big metros have retained momentum and continue to experience robust apartment rent growth. Find out which markets are heating up and which are a little too cool for comfort as Greg Willett and Jay Parsons discuss the most current performance metrics for the US apartment market.
Join us for an in-depth discussion that dives into:
- Current occupancy and rent growth snapshot
- Near-term demand prospects, examining indicators such as job growth, income growth and the homeownership rate
- Ongoing construction and the near-term delivery calendar
- Property sales activity/capital flows
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.
Jay ParsonsDeputy Chief Economist and Vice President of Asset Optimization, RealPage, Inc.
Jay Parsons is RealPage’s Deputy Chief Economist and Vice President of Asset Optimization. Jay has been in the multifamily housing industry for more than a decade, and works across market research and forecasting, revenue management, business intelligence, as well as multi-dimensional optimization across pricing, marketing, leasing and risk management. He has provided commentary on CNBC and in the Wall Street Journal. His writings and research have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker, GlobeSt and Multifamily Executive. Jay is also a frequent speaker at events and conference, including the National Multifamily Housing Council, NAIOP, NAA and ULI.