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.

MBA Chart of the Week May 13, 2022: Multifamily Construction

Housing markets are tight. Multifamily developers are responding. Developers are currently building 800,000 new homes in buildings with 5 or more units – the most since the mid-1970s – and will put-in-place a record $100 billion of multifamily housing construction this year.

Freddie Mac: Leverage Existing Rental Housing Stock

As states and localities seek to provide economic incentives to create new housing supply, they must also consider how to leverage the existing rental housing stock, said Freddie Mac, McLean, Va.

Rent Payment Percentages Vary by Class, Market

Apartment rent payments have held up reasonably well during the global COVID-19 pandemic, but a report says different markets and different classes report very different results.