Analysis
Panelists during eCore21 noted their surprise at multifamily’s quick recovery from the pandemic, with surging rent growth and robust demand in many markets. Here are five key takeaways from the event.
Q4 2019 Small Multifamily Investment Trends Report
Year-end 2019 estimates for small multifamily lending volume reached $59.2 billion, beating the prior quarter’s forecast by $1.4 billion and marking the highest level of activity in Chandan Economic’s post-crisis model estimates. Download the Q4 report for key insights on the small multifamily market.
U.S. Multifamily Market Snapshot — Q4 2019
The U.S. multifamily market posted strong results to end 2019, with the fourth quarter seeing 3.7% year-over-year rent growth.
Harvard 2020 Report Underscores Need For Affordable Housing
The JCHS 2020 report underscores the national affordable housing crisis. It points to growing numbers of renters with high incomes as well as those who are cost-burdened.
Small Multifamily Represents America’s Workforce Housing Stock
Small multifamily promotes greater accessibility to housing for workforce households than large multifamily. About 62% of all small multifamily households made less than $50,000 annually.
Top U.S. Multifamily Markets of the Decade
Over the course of the decade, the multifamily real estate market emerged as a premier asset class. Demand was driven not only by the shifting demographics, but also housing affordability issues surrounding escalating prices, limited supply and stagnant wage growth. See our breakdown of the decade’s top-performing multifamily markets.
Slowdown in Apartment Filtering Impacts Workforce Housing Supply
The natural apartment filtering process of new supply declining in quality and value as it ages has provided low-income renters with access to more affordable housing options. The Great Recession, however, caused a break in the filtering pattern, leaving a shortage of workforce housing supply during this recovery.
Top Technology Trends Set to Impact the Apartment Sector
While many early technology solutions have been operationally focused, advanced technology like artificial intelligence and data analytics tools now allow owners to focus their efforts on improving the customer experience, panelists noted at the recent NMHC Annual Meeting in Orlando, FL.
Multifamily Development Strategies and Challenges in 2020 and Beyond
Key strategies for development, including building for long-term holds and adapting to changing renter profiles, were discussed at the recent NMHC Apartment Strategies Outlook Conference in Orlando, FL.
Small and Large Multifamily Renter Income Growing the Fastest
Renter income growth In small multifamily properties was slightly above the national average, while large multifamily households saw market-leading gains.
Small Multifamily, Small Cities Are Riding the Same Rising Tide
Small multifamily rents have been growing faster in metro areas with rent levels below the national average. This phenomenon has, by and large, also been true for the large multifamily asset class.