As borrowing costs rose and rent growth slowed, multifamily developers pulled back the reins in 2023. Nationally, the number of multifamily building permits sank 20.3% last year, according to the latest data from the U.S. Census Bureau. However, there are many metropolitan markets where activity has not slowed. In this deep dive, our research teams show which metros led the nation in multifamily permitting activity in 2023.
Now as old as 26, Generation Z is on the cusp of reshaping the rental market as they leave the nest in increasing numbers. In fact, it is the only generation adding rental households, while the amount of millennial renters has already peaked. Gen Z, the first digital natives, is poised to become the most influential demographic in the multifamily rental market.
Corporate Responsibility and Impact at Arbor Our origin is that of a small company with an entrepreneurial spirit dedicated to building meaningful partnerships with those who align with our investing goals and strategy. While we have grown significantly over the last 30+ years, we have retained that core spirit, which draws a talented and diverse employee base and provides a solid foundation for Arbor to offer meaningful programs, including affordable housing across the United States. It is indeed the relationships with our employees, counterparties, and clients that inform our business decisions as we move forward, and enable us to clearly see the path to our goals of maximizing shareholder value and company profitability while working towards environmental sustainability and positive impacts for employees, community members, and all stakeholders. Arbor strives to maintain these fundamental constructs that have brought us great success while realizing those areas in which we can continue to grow and develop as an exemplary corporate citizen. Our dedication to corporate responsibility and sustainability is clearly evidenced through our recent initiatives, as well as our ongoing commitment to Read the full article…
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The state of housing affordability in the U.S. has continued to erode as a growing wave of supply-driven policies offers hope of a solution on the horizon. A closer look at the nation’s overall housing needs underscores the increasing urgency of the situation.
Driven by investor confidence in multifamily housing’s long-term fundamentals, the volume of debt outstanding in the sector has grown by nearly 150% since the end of the Great Recession. As this piece will detail, where investment dollars have flowed, housing demand has followed. Through an analysis of newly released U.S. Census Bureau American Community Survey data, our research teams pinpoint the growing size and scope of the largest rental housing property type.
Even as the single-family rental (SFR) sector has attracted increased investor activity, the total number of SFR households has moderated due to the influence of overarching housing trends.
In this video, Dr. Sam Chandan, Founding Director of the C.H. Chen Institute for Global Real Estate Finance at the NYU Stern School of Business and non-executive chairman of Chandan Economics, discusses key takeaways from Arbor’s Affordable Housing Trends Report Fall 2023.
From in-depth reports to impactful articles, Arbor is your source for exclusive content about key trends impacting investment within commercial real estate markets, including multifamily, single-family rentals, and affordable housing.
Environmental, social, and governance (ESG) programs do more for a company than meets the eye. This emerging framework, which reimagines how corporations interact with the world around them, can boost profitability and valuation. But did you know ESG programs also provide lesser-known benefits that are equally valuable to investors and other stakeholders?
Utah is quietly having a moment. Already a national leader in natural population increase and state-level population growth, its nexus of metros, including Salt Lake City, Provo, and Ogden, has attracted increasing numbers of young, high-income renters due to its affordability, robust labor market, and exciting outdoor activities.
SFR’s significant structural support has enabled it to take noticeable steps forward, while other commercial property types have been merely treading water.
Forty years ago, Ivan Kaufman, a first-year law student at Hofstra, planted the roots of what would become Arbor Realty Trust. To commemorate the company’s founding and growth, a group of employees planted an Eastern Red Cedar tree, a symbol of strength and resilience, at Tanglewood Preserve in Rockville Centre, NY, this week.
Most rental markets from New York City to San Francisco are tight right now, but are some feeling the pinch more than others? To answer this question, Chandan Economics created a matrix that analyzes rent growth and rental occupancy rates to find out which metro markets have the highest demand for rental housing.
Did you know? As a longstanding U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) Multifamily Accelerated Processing (MAP) lender, Arbor has closed more than 250 FHA loans – and that count is climbing. In the first quarter of 2023, amidst a volatile market, Arbor worked with borrowers to secure more than $148 million in FHA financing.
The small multifamily sub-sector ended 2022 on a high note with originations falling just behind 2021’s peak. As economic storm clouds continue circling, small multifamily appears fortified from any reverberations that may result.
Arbor’s Single-Family Rental Investment Trends Report Q1 2023, developed in partnership with Chandan Economics, explores a growing multifamily sector with a unique ability to rise above macroeconomic headwinds. Last year, investors purchased more single-family rental (SFR) units than in 2021 as uncertainty rippled through the commercial real estate industry. Construction in the sector also ramped up in 2022, with starts reaching all-time highs by unit count and market share. This upward trend, fueled by significant structural support, sets SFR apart from many other commercial real estate sectors.
When apartment investors consider locations for capital deployment, growth potential is a top-of-mind concern. On a local level, population changes can influence everything from rent growth to occupancy to future property values. County-level positive net migration and natural population growth trends, identified in an analysis of U.S. Census Bureau data, reveal the counties where demographic tailwinds make a compelling case for real estate investment.
Arbor’s latest Affordable Housing Trends Report, developed in partnership with Chandan Economics, offers a wide-ranging lens into the complex, though critically important, affordable and workforce housing sectors.