U.S. Summer Apartment Market Outlook
While U.S. apartment demand normally surges during 2Q, prime leasing season is off to a comparatively slow start in 2020. The spread of COVID-19 and the resulting drastic pullback in the economy’s performance has had an unfavorable impact on near-term demand.
Occupancy is slipping a little in most areas and rents are declining to various degrees across many locations. Meanwhile, substantial ongoing construction points to quite a bit more product being delivered in the near term.
Join RealPage® experts Greg Willett and Adam Couch for a lively conversation about the national apartment sector’s current status and near-term prospects.
Discussion topics include:
- Performance variation across the spectrum of Class A, B and C properties
- Metro-level performance leaders and laggards
- Shifts in renter behaviors
- Investor appetite and property transaction stats
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.