Affordability Watch

Affordability Watch Q3 2022

November, 2022 | Updated November, 2022

Executive Summary The apartment market experienced a plunge in demand during the third quarter of 2022, as new household formation froze, and uncertainty increased in the face of ongoing inflationary pressure and concerns of another economic downturn. As reported by RealPage, the occupancy rate for…

Affordability Watch Q2 2022

By NAA Research | September, 2022 | Updated September, 2022

How has apartment affordability changed since Q2 2021? The Athens market has seen a significant gap between income growth and rent increases. Renters’ incomes increased nearly 20% since Q2 2021 while rent only went up 9.1%. According to the U.S. Bureau of Labor Statistics (BLS), government, leisure…

Affordability Watch Q1 2022

By NAA Research Team | June, 2022 | Updated June, 2022

Executive Summary U.S. households experienced a variety of challenges that affected affordability including housing shortages, delayed construction and housing cost increases that outpaced income growth. The demand for rental housing has been on a soaring trajectory due to job growth, household…