Despite Volatility, 2025 Off to Strong Start
The last three months have been encouraging for the multifamily industry and provide some early cause for cautious optimism looking forward.
The Shifting Contours of New Supply
This year, the number of new units is expected to decline from its 2024 peak but will still be substantial relative to historic norms.
Apartment Demand Faltered in January
Just one month into the new year, there are already interesting developments occurring in multifamily performance.
Setting Expectations for 2025 Multifamily Performance
2024 was a key step in the right direction for the multifamily industry. In the face of historic new supply pressure, the decline in national average occupancy was smaller than in 2022 or 2023. Net absorption showed robust annual improvement for a second straight year. Average effective rent growth for new leases more than doubled…
Exploring Violin Plots with Rent Growth Data
A violin plot is an interesting way to visualize quite a bit of information on the same chart, but it also isn’t as intuitive as other types of charts. I thought it might be worthwhile to walk through one looking at average effective rent growth across markets of various sizes from the last twelve months….
Apartment Demand Was a Positive in 2024
Incredibly, another year is about to be in the books. The massive quantity of new multifamily supply this year was arguably the headline metric for 2024. Right behind, though, would be the substantial improvement in apartment demand. This year continued an upward trend that began in 2023, but on a more impressive scale. All numbers…
A Closer Look at Rent Growth in 2024
With the end of the year rounding into view, it is a perfect opportunity to spend some time evaluating recent rent performance.
An Encouraging Third Quarter for Multifamily
Despite remaining challenges, the third quarter featured some reasons for encouragement in the industry performance data.
Top 10: New Units Delivered
Elevated new supply continues to play a dominant role in industry performance. Here are the top markets nationally in new units delivered.