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
Apartment Market Pulse Winter 2023
March, 2023 | Updated March, 2023
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 | November, 2022 | Updated November, 2022
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 | July, 2022 | Updated July, 2022
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
April, 2022 | Updated April, 2022
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
January, 2022 | Updated January, 2022
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
November, 2021 | Updated November, 2021
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
July, 2021 | Updated August, 2021
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…
Optimism Springs Eternal
June, 2021 | Updated June, 2021
U.S. Apartment Market
Rising rental rates and rampant leasing activity during Q1 2021 indicated that the multifamily housing market is turning a corner. Pent-up demand driven by employment growth and the widespread distribution of the coronavirus vaccine was evident. Increasingly, more renters are…
Winter 2021: The Resilient Apartment Sector Enters an Uncertain Year
February, 2021 | Updated February, 2021
U.S. Apartment Market
After exhibiting signs of revitalization during Q3, the apartment market ended 2020 with a mixed performance. Both occupancy and rents descended, yet absorption stood closer to pre-pandemic levels. Difficulties from the coronavirus pandemic and typical seasonality challenged…