Apartment Market Pulse

Optimism Springs Eternal

| Updated

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

| Updated

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…

Fall 2020: Weathering the Storm Amid Uncertainty

| Updated

U.S. Apartment Market Although apartment fundamentals in the second quarter revealed the economic effects of the Coronavirus pandemic, solid demand during the third quarter signaled the beginning of a recovery. According to RealPage, national occupancy fell by 0.6 percentage points year-over-year,…

Summer 2020: Weathering the Storm Amid Uncertainty

| Updated

U.S. Apartment Market During the second quarter, the COVID-19 pandemic significantly impacted key apartment fundamentals as a result of stay-at-home orders and historical unemployment rates. Nonetheless, despite rapid changes to the multifamily housing sector, the downturn is expected to be short-…

Winter 2020: Apartment Market Pulse

| Updated

U.S. Apartment Market Looking back at 2019, the apartment market wrapped up a historically strong year on numerous fronts, including rent growth, absorption and occupancy rates. Apartment fundamentals seasonally subsided during Q4 2019, yet levels remained healthy. Occupancy inched up 0.8 percent…

Fall 2019: Demand Fuels Occupancy Growth

| Updated

U.S. Apartment Market Strong apartment demand continued to be powered by job growth, demographic trends, and economic shifts. According to RealPage, occupancy during the third quarter climbed to 96.3 percent, almost reaching the all-time high of 96.4 in late 2000. Occupancy increased by at least…

Rents and Occupancy Stabilize Thanks to Fewer Deliveries and Tight Housing Market

| Updated

Although the national apartment market was stagnant during the end of 2016 and beginning of 2017, market fundamentals improved during the second quarter. A tight for-sale housing market, combined with slowing apartment construction activity and favorable demographic trends, portend a generally…