Multifamily Demand Surprisingly Strong in 2020

Posted on Mar 15, 2021 in HomePage, News & Events
Multifamily Demand Surprisingly Strong in 2020

Demand for multifamily took a hit in the early stages of the COVID-19 pandemic but – thanks to a strong bounce back in the second half of 2020 — absorption for the full year was robust overall. All told, 252,000 apartment units, or 1.7% of total stock, were absorbed in the U.S. in 2020, according […]

Renters are Open to Short-Term Leases

Posted on Mar 15, 2021 in HomePage, News & Events
Renters are Open to Short-Term Leases

Before the pandemic, some apartment residents were coming around to short-term rentals. Younger renters surveyed in the report were much more open to having short-term rentals in their apartment community, according to the 2020 Apartment Resident Preferences Report from the National Multifamily Housing Council (NMHC) and Kingsley Associates. Overall, almost 60% of respondents said having […]

Apartment Rents are Rebounding

Posted on Mar 15, 2021 in HomePage, News & Events
Apartment Rents are Rebounding

Unlike other sectors, apartments have weathered the pandemic reasonably well. Now, rents sit just 0.1% lower than where they were last June, according to Apartment List. In fact, after COVID-19’s initial shock to the market last Spring, national rent growth followed seasonal trends in the following eight months. In February, Apartment List’s rent index increased […]

One Question with: Douglas M. Bibby

Posted on Feb 22, 2021 in HomePage, News & Events
One Question with: Douglas M. Bibby

We are nearly a year into the pandemic and resulting economic downturn. It has obviously presented unprecedented challenges for both the multifamily industry and America’s renters.  How has the industry met those challenges? “Some segments of our industry are dealing with some serious hurdles today, and the outlook remains cloudy, at least in the near […]

Is the Next Supply Imbalance on the Way?

Posted on Feb 22, 2021 in HomePage, News & Events
Is the Next Supply Imbalance on the Way?

Coming into 2021, multifamily supply was running at cycle highs. The pandemic, however, pushed back the timetable for deliveries and reduced the number of starts – which could potentially produce a supply shortage in a few years. One key to the multifamily sector’s performance over the last decade was the shutdown of new supply in […]

More and More People are Renting

Posted on Feb 22, 2021 in HomePage, News & Events
More and More People are Renting

The Global Financial Crisis created a nation with many more renters. In the years after the Great Recession, many Americans chose to rent. In 2010, 99.4 million people were renters, according to RENTCafé. By 2019, that number passed 100 million to hit 108.5 million. During that time, the number of renters increased 9.1%, while the […]

Freddie Mac Multifamily 2021 Outlook

Posted on Feb 22, 2021 in HomePage, News & Events
Freddie Mac Multifamily 2021 Outlook

 Freddie Mac in its Multifamily 2021 Outlook reports that after a difficult 2020 that impacted the macroeconomy and the housing market, multifamily market conditions are expected to improve this year.  With vaccines now going into the arms of Americans and with stimulus now signed into law at the end of 2020 and with more expected […]

Apartments Continue to Enjoy Strong Pricing

Posted on Feb 22, 2021 in HomePage, News & Events
Apartments Continue to Enjoy Strong Pricing

While several commercial property sectors have struggled throughout the pandemic, apartments have remained strong. Case in point: In February, almost a year after the pandemic locked down the economy, nearly 80% of renters were still making full or partial rent payments, according to The National Multifamily Housing Council. That was only a 1.9-percentage point decline […]

Multifamily Withstands the Pandemic

Posted on Jan 26, 2021 in HomePage, News & Events
Multifamily Withstands the Pandemic

While the pandemic has slammed many commercial real estate sectors, multifamily has continued to perform, despite questions about eviction moratoriums and rent collections. As of December 20, The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker, which surveyed 11.5 million units of professionally managed apartment units across the country, found that 89.8% of apartment households […]

No Shortage of Multifamily Capital

Posted on Jan 26, 2021 in HomePage, News & Events
No Shortage of Multifamily Capital

Paul Fiorilla, Director of Research Yardi Matrix Multifamily transaction activity declined sharply in 2020 amid Covid-19, but investor demand remains strong and a sharp rebound in deal flow is expected in 2021, according to a recent paper by Yardi Matrix. Just over $80 billion of multifamily property sales were completed in the U.S. in 2020, […]