Tuesday, April 1, 2025

Sunbelt

Analysts predict how multifamily will thrive in 2025

As we enter the New Year, analysts are peering into their crystal balls to predict how multifamily will thrive in 2025. Yardi Matrix sees the multifamily market poised for modest growth, driven by...

Apartment REITs (and some privates) lead new project starts

Confidence has returned to a small segment of the multifamily arena forecasting an end to the supply glut that has stymied both development and acquisitions over the past several years. Apartment REITs...
Stricter land-use regulations force builders to spread their efforts over a large number of relatively small projects, limiting the number of homes they’re able to build. This, in turn, limits their ability to invest in better homebuilding technology or otherwise take advantage of economies of scale.

Is land-use regulation holding back construction productivity?

Ed Glaeser is perhaps the pre-eminent urban economist working today, and I’ve cited his work repeatedly when looking at land-use restrictions and burdens on new development. So I was very interested to see he’s coauthored...

Apartment market fundamentals stabilized in July, reports RealPage

According to data from RealPage Analytics, apartment fundamentals stabilized in July. Rent growth and occupancy remained relatively steady during the month. National occupancy was 94.2 percent for the third straight month, which...

Multifamily concession offerings on the rise

Multifamily concession offerings are on the rise nationally as rent growth slows. According to Fannie Mae, almost 21 percent of multifamily units were offering concessions averaging five percent as of Q2 2024. The return...

Apartment occupancy holds steady amid historic supply

Apartment occupancy held steady in May, marking the seventh straight month in which occupancy remained at or above 94.1 percent. Rent change fundamentals also remained steady, solidifying the idea that the nation...

Affordability is re-emerging as a tailwind for market-rate apartments.

Affordability is re-emerging as a tailwind for market-rate apartments. One takeaway from data discussed on a RealPage podcast this week is that rent-to-income ratios have returned to pre-pandemic levels, suggesting affordability issues...

Multifamily oversupply conditions are improving

Multifamily oversupply conditions are improving, but not out of the woods yet. The good news is that some relief is expected by 2025, but Sunbelt markets may take 12 to 18 months...

High supply apartment markets ride demand wave

More than 558,000 apartment units have delivered over the past 12 months, hitting what RealPage Analytics calls a 50-year supply peak. But booming demand for rental housing has been a bright spot...

Supply has peaked, but deal flow remains muted

The multifamily investment outlook remains bullish, but the floodgates will not burst open with deal flow this year. That is the takeaway from the National Multifamily Housing Council’s (NMHC) annual conference, according...
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