A Historic Year is in the Books
2021 was a historic year for multifamily, and in this month’s newsletter we take a final look before turning the page to 2022.
2021 was a historic year for multifamily, and in this month’s newsletter we take a final look before turning the page to 2022.
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.