Apartment Market Pulse
Apartment Market Pulse Fall 2023
By NAA Research | | Updated
U.S. Apartment Market
For the first time since Q3 2022, annual absorption was positive, signaling strong demand, with 127,130 units absorbed, according to RealPage. Quarterly market absorption rose to 90,827 units. Despite this positive growth, demand is still falling short of new completions.…
Apartment Market Pulse Summer 2023
By NAA Research | | Updated
U.S. Apartment Market
Some promising signs emerged in the apartment market during Q2 2023. Although still running slightly negative on an annual basis, quarterly absorption reached a five-quarter high at approximately 83,000 units, according to RealPage. It was not enough to offset new quarterly…
Apartment Market Pulse Spring 2023
By NAA Research | | Updated
U.S. Apartment Market
Apartment fundamentals were off to a sluggish start in 2023. While quarterly absorption was positive for the first time since Q1 2022, it fell far short of new completions. Monthly rent growth turned from flat to positive during the quarter but continued to decelerate on a…
Apartment Market Pulse Winter 2023
| Updated
U.S. Apartment Market
Apartment fundamentals weakened throughout the fourth quarter with economic uncertainty prevailing, leaving many businesses and consumers largely in a holding pattern. RealPage reported negative net absorption for the first time since the Great Recession. Renewal rates…
Apartment Market Pulse Fall 2022
By NAA Research | | Updated
U.S. Apartment Market
Since 2021, apartment demand had been at record levels as people left cities for suburbs; however, in more recent months, there has been a sudden slowdown in apartment demand because of a halt in new household formation. As the economy becomes more uncertain due to inflation…
Summer 2022 Apartment Market Pulse
By NAA Research | | Updated
U.S. Apartment Market
While inflation was red-hot during the second quarter, the apartment industry showed signs of cooling. Demand for apartments dulled as Americans fear a recession is on the horizon due to highly elevated inflation, rising interest rates, supply chain challenges and Russia’s…
Spring 2022 Apartment Market Pulse
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Another Eye-Popping Quarter for Apartments
U.S. Apartment Market
The apartment market sustained its growth trajectory in the first quarter of 2022 despite inflationary concerns and persistent supply chain pressures. Employment and wage growth further strengthened the need for rental housing, even…
Winter 2022 Apartment Market Pulse
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Closing Out an Extraordinary Year for Apartments
U.S. Apartment Market
The apartment sector concluded a historical year with a final strong quarterly performance. Although the omicron variant has caused a surge in COVID-19 cases and disrupted the economy, apartment fundamentals persevered.
Robust…
Fall 2021 Apartment Market Pulse
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Delta Variant Weighs on Economy, Can’t Stop Apartment Demand
U.S. Apartment Market
Throughout the third quarter, rapid recovery in the apartment market continued to prevail with surging momentum. Limited available apartment stock continued to fuel rent growth. According to REIS, the average…
Summer 2021 Apartment Market Pulse
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Pent-Up Demand Exceeds Expectations
U.S. Apartment Market
During the second quarter, the apartment industry experienced booming positive metrics across the board. Unceasing multifamily demand in conjunction with supply constraints in many markets resulted in record-setting rent growth. After a…