Articles

How the Changing Labor Market Could Impact Multifamily

Following strong post-pandemic gains, the U.S. labor market has cooled over the past few months, placing multifamily investors in a position to realize the benefits of less restrictive monetary policy.

Analysis

Small Multifamily Investment Snapshot — September 2024

Small multifamily continued to moderate through the midpoint of 2024, amid strong demand despite an elevated interest rate environment and rising property-level yields.

Current Reports

Single-Family Rental Investment Trends Report Q3 2024

The single-family rental (SFR) sector’s performance surged again last quarter, demonstrating its ability to thrive in all economic cycles. SFR construction continued its record-breaking ascent as CMBS activity blossomed. Arbor’s Single-Family Rental Investment Trends Report Q3 2024, developed in partnership with Chandan Economics, examines the sector’s fundamentals as would-be homeowners weigh the rent-vs-buy calculation.

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Articles

Could Build-to-Rent Be a Solution to Housing’s ‘Missing Middle’ Problem?

Did you know that at the same time many renters navigate a housing market with limited affordable options, new apartment development continues to be held back by World War II-era zoning restrictions? In many localities, regulations introduced in the mid-1940s have choked the multifamily pipeline for decades, creating a “missing middle” that leaves low-income renters in a lurch.

Articles

Build-to-Rent Construction Continues Its Record-Breaking Ascent

Increasingly, single-family rental (SFR) operators have been relying on build-to-rent (BTR) development to bridge the housing gap, accelerating the momentum of SFR construction through 2024’s halfway point. Both total SFR/BTR housing starts and BTR’s share of all single-family housing starts reached new record highs in the second quarter, setting the stage for another banner year.

Current Reports

Small Multifamily Investment Trends Report Q3 2024

The small multifamily outlook continues to brighten as more signs indicate a normalization has already begun. In the second quarter, originations activity and borrowing conditions improved as completions sat at a five-decade high, Arbor’s Small Multifamily Investment Trends Report Q3 2024, developed in partnership with Chandan Economics, shows. While the subsector’s fundamentals are trending up, it still has room for growth when interest rate relief arrives.

Articles

Top Markets for Multifamily Permitting in 2024’s First Half

While the overall pace of new multifamily permitting per capita in the U.S. slowed recently, it has picked up momentum in pockets of the country, especially the Midwest. In the first two quarters of 2024, Madison, WI, Columbus, OH, and Omaha, NE, were among the major metropolitan markets posting solid permitting gains, another sign of multifamily’s strength in all cycles.

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Top U.S. Multifamily Rent Growth Markets — Q2 2022

August 15, 2022

The U.S. multifamily market posted a historic showing in the second quarter of 2022. Average effective rents increased 17.5% year-over-year, up from 15.7% in the previous quarter, and the highest quarterly growth rate on record. Among the nation’s top markets for rent growth, the Sunbelt region continued to shine.

The Greensboro/Winston-Salem market took the lead during the quarter, where rents jumped 28.3%. Residents have been drawn to the market for its high housing affordability and low business costs. Charleston (up 25.4%) and Greenville (up 23.1%) also represented the Carolinas on the top multifamily markets list during the quarter.

Florida markets continued to dominate the list. Palm Beach finished in the second position, with a growth rate of 28.3%, and Orlando was third at 27.8%. Others on the list were Tampa-St. Petersburg (up 27.0%), Miami (up 26.7%), and Jacksonville (up 24.4%).

The recovery of the New York Metro apartment market was in full force during the quarter, with effective rents rising 27.7%. And although the Phoenix housing market has slowed, Tucson remained strong during the quarter, growing at 27.1%.

Here’s a full look at the top U.S. multifamily rent growth markets for Q2 2022, with data provided by Moody’s Analytics CRE.

For more multifamily market insights, read our latest Special Report and check out our other multifamily research.