Price Class Performance Nationwide
This month we review the year-over-year nationwide performance of the ALN price classes for conventional properties – a period from October 2018 through October 2019.
This month we review the year-over-year nationwide performance of the ALN price classes for conventional properties – a period from October 2018 through October 2019.
Summer is in the rearview mirror; the holiday season is approaching, and another quarter is in the books. Nationally, the new construction pipeline delivered more units in the third quarter of this year than the same period in 2018 or in 2017. Demand in the quarter was strong, and the result was essentially no movement in average occupancy, while average effective rent rose 1%.
It’s June, and that means that once again, the NAA Apartmentalize Conference is mere days away. With the host city being Denver this year, we’re taking the opportunity to check-in on multifamily performance of the Greater Denver area.
One way to evaluate multifamily performance is to look at the usual metrics through the lens of price class rather than just by geography. This month let’s consider the year-over-year nationwide performance of the ALN price classes—a period from April 2018 through April 2019.
So far this year we’ve seen that some areas continue to perform well, but the strong results are beginning to be concentrated in fewer markets. Many areas mostly held their ground but didn’t make much progress in the quarter. Read on for more on Q1 of 2019.
One important aspect of the Tax Cuts and Jobs Act of 2017 is the designated Opportunity Zones investment tool. These are areas designated by the government where tax benefits are offered to incentivize investment in low-income neighborhoods. This is sure to have an impact on multifamily in these areas in the coming years.
Almost unbelievably, another year is gone. This month we’ll be looking at how multifamily performed for the year, a region at a time. Unless stated otherwise throughout this review, all numbers will refer to conventional units. Let’s jump in!
It’s the season of giving, and in the last handful of years, the multifamily industry has been in a giving mood when it comes to new units. New supply has continued unabated from coast to coast, especially in the larger markets, and there is no slowdown in sight for some areas. This month, we take a closer look at stabilization rates for conventional properties in the ALN Tier 1 markets.
Throughout the last few months we’ve analyzed multifamily performance by market size, by price class and over different spans of time. This month, we look at year-over-year performance between nationwide conventional properties and stabilized-only conventional properties.