Focus: Atlanta
Despite all the new units in the Atlanta market, the modest gain in occupancy we’ve seen is thanks to very strong net absorption. June 2018 Multifamily News
California Love
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.
Multifamily First Quarter 2018 Review
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.
Are New Construction Deliveries Balanced with Demand?
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?
2017 Absorption, Occupancy, and Year in Review
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.
Multifamily New Construction
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…
Texas Markets: Rent Growth Receding
Texas has repeatedly been in the top handful of states for absorption and occupancy over the last decade. So far in 2017, the absorption numbers are still holding up. The Lone Star State ranked first in absorption from July 2015 to July 2016 with a net gain of 36,000 rented units. In addition, Texas markets rank second only behind California…
2017 Mid-Year Multifamily Occupancy and Rents
So far in 2017, almost 200,000 conventional units have been absorbed and nationally the average occupancy rate is at 92.2%. That represents a growth of 0.3% in occupancy over the last six months and a national growth in occupancy of 0.1% since last month. Nationally, effective rents are up 2.9% through the last two quarters…
February 2016 Home Ownership
Last year I wrote that 2015 will be remembered as one of the best performing annual periods in the Dallas-Ft. Worth market is recent memory. Based on preliminary numbers, 2016, in contrast, will go down as a turning point. For the first time in a long time we are seeing some submarkets struggle not just for…