So far in 2017, almost 200,000 conventional units have been absorbed and nationally the average occupancy rate is at 92.2%. That represents a growth of 0.3% in occupancy over the last six months and a national growth in occupancy of 0.1% since last month. Nationally, effective rents are up 2.9% through the last two quarters…
As of July 1st we will have expanded our pricing and amenity coverage nationwide. For conventional properties with 50 units or more we will be updating on a monthly basis. New – Market Stats Including planned communities, we are currently tracking more than 140,000 properties with almost 17,000,000 units. Of those, about 16,000,000 units within…
The 2017 NAA Education Conference & Exposition is under our belts, and it was a resounding success! Atlanta was definitely “Hot-Lanta” this year and the rain did little to help. Meanwhile, NAA set a new record for attendance this year, successfully held over 60 sessions and had three awesome keynotes. On the showroom front, there were some exciting winners on the…
In the last few years North Texas has been at ground zero of the multifamily new construction explosion. Of the multifamily units currently under construction in the United States, one in seven is in Texas. Of the Texas units under construction, nearly one in three is in the North Texas metroplex.
As we expand our pricing coverage across the USA we have recently added the Pacific Northwest to our portfolio. Here’s a look at the 3 major markets in Washington and Oregon: Seattle, Spokane and Portland. Washington ranks 14th among the states with about 350,000 units in almost 3300 properties. At an average age of 32…
With the first quarter of 2017 in the books, this remains one of the longest winning streaks for multifamily – at least on a national scale. Over 32,000 units were absorbed in the 36 states that we monitor in the first quarter of 2017. Here’s a look at those states over the last three months….
By the end of 2nd quarter we will have expanded our rental coverage to every major metropolitan area and almost every minor metropolitan area. This month we will look at the northern Midwest states of Michigan, Wisconsin and Minnesota. MICHIGAN We are currently tracking 2800 properties in Michigan with almost 400,000 units. That ranks Michigan…
As we continue our expanded coverage of rents and amenities in 2017 we next look at Ohio. Before we go into each market within the state, here are a few quick details to point out. In terms of properties and units, Ohio ranks fifth in the number of properties and ninth in the number of…
Last year I wrote that 2015 will be remembered as one of the best performing annual periods in the Dallas-Ft. Worth market is recent memory. Based on preliminary numbers, 2016, in contrast, will go down as a turning point. For the first time in a long time we are seeing some submarkets struggle not just for…
