Checking in on the New Construction Pipeline
August 2020: Demand through July 2020 was half that of the same period last year, and 50k less units were absorbed than added in the first 7 months.
August 2020: Demand through July 2020 was half that of the same period last year, and 50k less units were absorbed than added in the first 7 months.
Robert Durham and Jordan Brooks from ALN joined the Rand CRE podcast to discuss recent Texas multifamily performance, implications for investors and more.
Multifamily demand fell 50% from January through July of 2020, and even more for more expensive properties. Today we take a closer look at nationwide price class performance.
In this installment of our ongoing evaluation of multifamily performance in the first half of 2020, we consider performance from the perspective of market size.
The second quarter has come to a close, so we consider multifamily performance at mid-year from a regional perspective.
Evaluating how stabilized properties have held up since the beginning of April from the perspective of region and market size.
The dominant story of 2020 across all markets continues to be COVID-19 and the fallout from both the virus and the response to it. The impact is being felt across the economy, and multifamily real estate is no exception. April 2020 was the first full month in which a majority of the country was locked down and provides a first full look at what that may look like for the apartment industry.
Taking a closer look at April price class performance now that the first full month in which most of the nation was in some sort of lockdown in response to COVID-19 is in the books.
The topic on everyone’s mind in the multifamily industry and beyond is COVID-19 and the response to it. While some areas were affected earlier than others by shelter-in-place orders and the like, for the most part, a majority of Q1 2020 was carried out under relatively normal market conditions.