Multifamily Completions Jump; Rents Stall

Yardi Matrix, Santa Barbara, Calif., said multifamily construction reached a 50-year high, with 420,000 new apartments expected to deliver nationwide this year.

Yardi Matrix: Multifamily Outlook Hopeful Amid Volatile Economy

The multifamily market produced exceptional rent growth in the first half of 2022, driven by robust household formation, strong employment growth and households getting frozen out of homeownership, said Yardi Matrix, Santa Barbara, Calif.

Multifamily Rent Growth Climbing

Momentum surrounding multi-housing rent growth has continued in 2022 and currently outpaces inflationary growth, reported JLL Capital Markets, Chicago.

Multifamily Posts Broad Gains; Asking Rents Top $2,000

Multifamily performance continued its strong run in May, reported Yardi Matrix, Santa Barbara, Calif. In a separate report, Redfin, Seattle, said median monthly asking rents topped $2,000 for the first time.

Record-Breaking Start for U.S. Multifamily Market

CBRE, Dallas, reported the multifamily sector saw strong momentum in early 2022, with robust demographic trends underpinning record leasing activity, rent growth and investment.