Top 5: 2021 Apartment Demand
As part of our look back at 2021, we consider the markets that led the nation in apartment demand for the year.
As part of our look back at 2021, we consider the markets that led the nation in apartment demand for the year.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the December 2021 newsletter article, Despite Challenges, 2021 Deliveries Already Well Beyond Recent Years.
Significant challenges have not prevented the construction pipeline from delivering more new units this year than in recent full years.
Population and migration trends that have been in place for the better part of a decade largely continued in 2020.
National average effective rent growth slowed in November for the third straight month and failed to top 1% for the first time since March.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the November 2021 newsletter article, Average Lease-up Time Has Decreased After Years of Increase.
2021 has been a year of historic apartment demand and rent growth nationally, and Greater Houston certainly has not been an exception.
Construction times continue to grow, but the average lease-up duration for new properties has fallen this year for the first time in years.
Apartment demand has cooled off compared to earlier in the year, but monthly absorption remains higher than anything seen in recent years.