The Bottom for Occupancy Not Yet in Sight
After an incredible climb between March & November of 2021, national multifamily average occupancy is now in the midst of a two-year decline.
A Bumpy First Half of the Year Comes to a Close
The halfway point of the year has now come and gone, making July a perfect time to pause and evaluate how 2023 has played out so far.
Examining Price Class Differences as Low Demand Persists
As of June of 2023, apartment demand remains in the doldrums despite moderate improvement in recent months.
An Update on Rent Growth
With winter in the rearview mirror, so too are the monthly declines in national average effective rent – for the time being.
It’s Raining New Units in Multifamily
Perhaps most notable among many important developments for multifamily in the first quarter, the deluge of new supply has begun.
Exploring Gateway and Sunbelt Multifamily Performance
It has been a fairly challenging winter for the multifamily industry, and it has been Gateway markets that have been slightly more resilient.
US Rent Growth Changed Trajectory in January
After two consecutive months in negative territory, national average effective rent change in January managed to get back to zero.
Roadblocks from 2022 Likely to Persist in 2023
It’s a new year, but some of the challenges for the multifamily industry that played a role in 2022 have come along for the ride.
National Occupancy Returns to Pre-Pandemic Level
Persistently low demand and a very active construction pipeline have combined to send national average occupancy to its pre-pandemic level.