Despite some month-over-month volatility to begin the year, 2025 has gotten off to a strong start for the multifamily industry. The expected slowdown in new supply has recently started to materialize and apartment demand has continued last year’s positive momentum – and then some. The increased supply and demand balance has been beneficial for both…
2024 was a key step in the right direction for the multifamily industry. In the face of historic new supply pressure, the decline in national average occupancy was smaller than in 2022 or 2023. Net absorption showed robust annual improvement for a second straight year. Average effective rent growth for new leases more than doubled…
The level of new supply the industry has seen over the years has been nearly unprecedented, and like nothing seen in almost a half-century.
A primary aspect of multifamily industry performance both last year and this year has been the effect of the new construction pipeline.
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.
One of the markets in which apartment demand has been resilient so far this year relative to the national cool down has been Orlando.
As a preview of the upcoming July ALN newsletter, a look at mid-year nationwide multifamily performance.
The construction pipeline continues its strong growth. This month, we profile some of the more active markets for recent and upcoming deliveries.
August 2020: Demand through July 2020 was half that of the same period last year, and 50k less units were absorbed than added in the first 7 months.
