The multifamily industry continues to perform well, although signs of an aging business cycle have been appearing for some time. This month, we’ll be looking at year-over-year performance metrics in the seven major ALN markets in California.
TAA Education Conference & Lone Star Expo, San Antonio, Texas April 25 – 27, 2018 TAA was quite the experience this year! Attendance was amazing and everyone seemed ready to learn. Before the expo, attendees enjoyed TAA incoming President Traci Hall speaking at the “Be What’s Next General Opening Session” which also featured none other…
Now that the numbers are in for the first quarter of 2018, it’s a good time to look back and assess the multifamily industry’s performance. We’ve been seeing signs of an overloaded construction pipeline for several quarters now, and the story hasn’t changed so far.
While we’ve been in a construction boom of sorts in the seven years since the Great Recession, by historical standards, the industry is still within the normal range of production. But is it time to pump the breaks on new construction?
The last 12 months have shown that while absorption continues to remain relatively healthy, some markets are experiencing increasing competition for new renters in the top price classes of the market.
Last year was unquestionably one to remember. Looking back at the last 12 months, how did Multifamily absorption affect the industry? While overall numbers look good for 2017 in much of the country, the Q4 numbers present a more sobering outlook going forward.
About 50% of all the new Multifamily floorplan units built over the last year are one bedrooms, but what is contributing to the shift to smaller units?
Looking at Multifamily New Construction in the US, where there’s been an average of about 180K net rented units per year absorbed over the last three years…
While many Multifamily markets are performing well at the end of the third quarter of 2017, others are seeing decreases in occupancy and rents compared to prior years.
