Developers have been building many apartment units over the past several years. We expect the pace of development to slow in the years ahead, given declining fundamentals including falling rents, rising vacancies, and increasing delinquencies in the multifamily sector (see MBA CREF Databook).
Tag: Multifamily
Chart of the Week: Multifamily Market Share by Capital Source
This Chart of the Week focuses on the distribution of the multifamily market share by capital source. The multifamily market is a fundamental part of the broader commercial real estate market, and originations have been strong throughout 2025. The figure reports MBA estimates of the shares of originations by each capital source, overlaid with total multifamily origination volumes.
Housing Starts Up in July, Propelled by Multifamily
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,428,000, the Census Bureau reported Aug. 19.
Yardi Matrix: Multifamily Performance Strong in First-Half 2025
Yardi Matrix, Santa Barbara, Calif., reported multifamily performance remained strong in the first half of 2025. Nationally, multifamily advertised rent growth has been about 1%.
CBRE: U.S. Multifamily Rebound Continues in Q1
CBRE, Dallas, found the overall multifamily vacancy rate fell to 4.8% in Q1, as renter demand continued to outpace new deliveries.
Bankrate Reports Renting Increasingly Cheaper Than Buying in Most Metros
Renting remains cheaper than buying a home in all 50 of the largest U.S. metros, with the difference between the two growing in 38 metros since last year, according to Bankrate, New York.
Multifamily Performance Solid in March, Yardi Matrix Finds
Yardi Matrix, Santa Barbara, Calif., found the average U.S. advertised multifamily asking rent grew $5 nationally in March to $1,755.
Single-Family Construction Ends 2024 With Growth; Greater Uncertainty for 2025
A lack of existing home inventory boosted single-family construction growth in all geographic regions to end 2024, according to the National Association of Home Builders Home Building Geography Index for fourth-quarter 2024.
Yardi Matrix: U.S. Multifamily Enters 2025 in Good Shape
Yardi Matrix, Santa Barbara, Calif., said the multifamily market is entering 2025 in good shape, after strong demand in many markets.
CBRE: Multifamily Market Sees Vacancy Rate Decline
CBRE, Dallas, reported the U.S. multifamily market’s vacancy rate fell in the third quarter for the first time in more than two years, with renter demand outpacing new supply deliveries.