With the latest release of the Consumer Price Index (CPI) report from the U.S. Bureau of Labor Statistics (BLS), policymakers and consumers alike found signs of inflation relief for the first time in a long time. Despite the CPI’s overall improvement in October, one notable price category is still seeing rising inflation: rent of primary residence. The annual growth rate for the rent component of the CPI has now increased for 15 consecutive months.
The single-family rental (SFR) market maintained a favorable outlook in the third quarter of 2022 as the national housing market began cooling. Amid economic headwinds, SFR is well-positioned as a primary alternative for would-be homebuyers priced out of ownership in today’s high-interest-rate housing market.
New Construction Soars as Rent Growth Retreats from its Peak The single-family rental (SFR) market maintained a favorable outlook in the third quarter of 2022 as the national housing market began cooling. Amid economic headwinds, SFR is well-positioned as a primary alternative for would-be homebuyers priced out of ownership in today’s high-interest-rate housing market. Key Findings: SFR rent growth slows, although it remains elevated, as renewal rent growth gains steam. Cap rates remain unchanged at 5.3% despite rising interest rates. Build-to-Rent (BTR) construction starts totaled 69,000 over the past year, another new record high. Complete the form to instantly access the full report!
The U.S. multifamily market continued to expand during the third quarter of 2022, although at a more modest pace. Additionally, some new areas have shown up on the list of top rent growth markets.
With investors now seeking inflation protection, the small multifamily sector continues to see gains. Arbor’s new quarterly Small Multifamily Investment Trends Report, published in partnership with Chandan Economics, sheds light on key trends, including firm cap rates, climbing valuations, and elevated originations, despite tightening underwriting standards.
The U.S. multifamily market continued to expand during the third quarter of 2022, although at a more modest pace.
When Americans go to the ballot box on November 8, the congressional map will look slightly different than it has for the past decade. Six states picked up seats in the House of Representatives: Colorado, Florida, Montana, North Carolina, Texas, and Oregon. The results of the last five years (2018-2022) of the U.S. Census Bureau’s Current Population Survey ASEC explore the reasons households provided for moving to those states that will be gaining more representation in Washington, D.C.
Liquidity, Inflation Protection Draw Investors Even as Underwriting Standards Tighten With investors now seeking inflation protection, the small multifamily sector continues to see gains. Arbor’s new quarterly Small Multifamily Investment Trends Report, published in partnership with Chandan Economics, sheds light on key trends, including firm cap rates, climbing valuations, and elevated originations, despite tightening underwriting standards. Key Findings: Small multifamily originations are on pace to hit $85.1 billion in 2022, sliding from 2021’s record high. Cap rates hold at 5.0%, despite rising benchmark interest rates. Underwriting standards tighten as LTVs fall and debt yields tick up. Complete the form to instantly access the full report!
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Sun Belt metros are driving new apartment transaction activity in the U.S. accounting for nearly 60% of all U.S. deal volume. These markets are also leading the post-pandemic expansion, with apartment transaction volume totals well above their 2019 levels.
The Charlotte multifamily market has consistently been one of the nation’s top performers over the last several years. It’s strong showing continued in 2021 as the market recovered from the COVID-19 pandemic and subsequent recession.
The Charlotte multifamily market has consistently been one of the nation’s top performers over the last several years, and that trend continued as the market recovered from the COVID-19 pandemic and recession.
As the optionality of the single-family residential market grows to match that of the multifamily/condo space, professional SFR operators have their foot on the gas for what looks like yet another record-setting year.
Small multifamily lending volume reached an annualized $60.2 billion, on pace to not only break 2020’s total, but also 2019’s pre-COVID peak. Here’s a quick look at Q1 2021 small multifamily investment benchmarks.
Our 2021 single-family rental outlook forecasts that the market will continue to grow as it attracts institutional investors and brings on professional managers to improve operations.
Multifamily permitting in the first three months of the year averaged 530,000. At this rate, permit totals are on track to exceed 2020 levels.
U.S. multifamily rents continued to decline in the first quarter of 2021, although vacancy rates increased only slightly and remained near historically low levels. Cap rates tightened during the quarter, remaining at historical lows, while property values continued to accelerate higher.
The Q1 2021 Single-Family Rental Investment Trends Report explores SFR market fundamentals and performance metrics to start off the year. Read the full report for exclusive research, trends and insights on the SFR space.