Since 2020, greater apartment rent increases occurred in markets with higher homeownership costs as lower affordability drove up demand for rental units, reported KBRA, New York.
Tag: Multifamily
Commercial/Multifamily Borrowing Declines 53% Year-Over-Year in Second-Quarter 2023
Commercial and multifamily mortgage loan originations were 53% lower in the second quarter of 2023 compared to a year ago, and increased 23% from the first quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Freddie Mac: Multifamily Demand Returning Slowly in Uncertain Economic Climate
Freddie Mac, McLean, Va., projects the multifamily market will continue to stabilize but see below-average growth through the rest of the year.
CBRE: Multifamily Market Continues to Stabilize
CBRE, Dallas, found the multifamily market showed signs of stabilization in the second quarter.
CBRE: Multifamily Fundamentals Begin to Stabilize
The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease, reported CBRE, Dallas.
Apartment Rents Post First Annual Decline in Three Years
The median U.S. apartment asking rent fell slightly in March and the rental component of the Consumer Price Index has leveled off, two new reports said.
Zillow: Rents Climb Modestly in March, Continuing Their Soft Landing
Apartment asking rents climbed 0.5%, or $9, from February to March, reported Zillow, Seattle.
CBRE: Looming Multifamily Oversupply Likely Short-Lived
CBRE, Dallas, said delivery of a near-record 716,000 new multifamily units over the next two years will create a short-term oversupply, but noted the new supply will keep long-term fundamentals healthy.
Multifamily Grabs Growing Share of Total Housing
Multifamily building permits and starts have grown since January while single-family permits and starts have dropped, reported RealPage, Richardson, Texas.
RealPage: Gateway Markets See More Volatile Apartment Rents
The COVID pandemic hit apartment markets nationwide, but different markets saw very different effects, reported RealPage, Richardson, Texas.