National Net Absorption Slightly Lower in June
Apartment demand in June was another mixed bag. Net absorption bettered the June 2023 total but was slightly lower month-over-month.
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Significant Increase in Demand Has Yet to Materialize
Monthly net absorption improved in May, but by a narrow margin. With higher demand but also higher new supply – 2024 is playing out like 2023.
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Supply Rose in April, Apartment Demand Did Not
New supply increased further in April, but apartment demand was unable to continue the upward trajectory that began in late 2023.
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Continued Demand Improvement in Q1
Apartment demand improved again in the first quarter, continuing a trend of consistent incremental progress since the 2022 trough.
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Market Notes | News | Top 10
Top 10: Market Leaders in Recent Demand Improvement
An active construction pipeline means improvement in multifamily demand will be vital in 2024. These markets are off to an encouraging start.
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Average Effective Rent Down Slightly in January
National effective rent growth was negative in January, but there may be reason for optimism as spring approaches.
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Improvement in Multifamily, but Challenges Remain
Looking ahead, there is reason for optimism for multifamily performance in 2024 as well as potential for further challenges.
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For 2023 Multifamily Performance, Context is Key
Was apartment demand well below average in 2023 or did the year see a big bounce back? The answer is some of both.
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A Comparative Look at New Supply: Part Two
While many markets around the country face continued new supply pressure going into 2024, there are those that are not.
