Top stories and aggregated facts on Multifamily Real Estate, curated for Investors and Business Partners.
As we begin to emerge from the Pandemic, what if anything over the past 12 months has surprised you as it relates to how the real estate markets have performed/responded? "Like everyone, the Covid-19 pandemic caught us by surprise. At the onset we were quite...
Last year was a challenging year for everyone. But it was genuinely volatile for apartment developers. Nationwide shutdowns in the Spring brought some apartment projects to a halt. Then lumber prices skyrocketed. Over five months in 2020, the Producer Price Index...
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...
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...
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...
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...
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...
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....
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...
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...