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.
Top 5: 2020 MSA Population Growth
Population and migration trends that have been in place for the better part of a decade largely continued in 2020.
As Winter Approaches, Rent Growth Continues to Cool
National average effective rent growth slowed in November for the third straight month and failed to top 1% for the first time since March.
Takeaways Episode 16
Senior Market Analyst, Jordan Brooks, shares final thoughts on the November 2021 newsletter article, Average Lease-up Time Has Decreased After Years of Increase.
Market Spotlight: Houston
2021 has been a year of historic apartment demand and rent growth nationally, and Greater Houston certainly has not been an exception.
Average Lease-up Time Has Decreased After Years of Increase
Construction times continue to grow, but the average lease-up duration for new properties has fallen this year for the first time in years.
Demand Has Cooled from Its Summer Peak, but Remains Elevated
Apartment demand has cooled off compared to earlier in the year, but monthly absorption remains higher than anything seen in recent years.
Rent Growth Continued Its Decline in October
For a second straight month, national rent growth slowed. Even so, October marked seven consecutive months with a monthly gain above 1%.
Market Spotlight: Dallas – Fort Worth
In what has been a remarkable bounce back year for multifamily, the DFW market has been the leader in both new supply and apartment demand.