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.
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.
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.
A Comparative Look at New Supply
A primary aspect of multifamily industry performance both last year and this year has been the effect of the new construction pipeline.
Market Spotlight: San Francisco – Oakland
The San Francisco – Oakland market has been a top-performer this year among multifamily markets thanks in part to a slowdown in deliveries.
Top 5: 2023 New Supply (So Far)
The industry is in the midst of a new supply boom that will continue through 2024, Here are the top markets for 2023 deliveries – so far.
Part 2: New Supply in the Current Demand Environment
Not just Sunbelt markets could be feeling pressure from new supply in 2023, and the challenge will also not be limited to primary markets.
Part 1: New Supply in the Current Demand Environment
The interplay between new supply and apartment demand will be an issue at the forefront of multifamily performance in 2023.
Market Spotlight: Charlotte
Like many high-growth markets, Charlotte suffered from lower apartment demand and an active construction pipeline in 2022.