In the years leading up to and through the onset of the pandemic, growing demand for single-family housing and the emergence of the single-family rental sector (SFR) has reshaped the residential landscape in the U.S. But as SFR’s share of rental households expands, its share of all single-family homes remains balanced.
Following record gains last year, the housing market may have reached an inflection point. Rents are surging nationwide as a supply/demand imbalance leaves renters and would-be homebuyers with fewer housing options. However, The Joint Center for Housing Studies at Harvard University contends in The State of the Nation’s Housing 2022 that the current torrid pace of the market might be ready to ease up, with a record number of new units under construction.
Fannie Mae and Freddie Mac have pledged to expand their lending efforts to help improve Americans’ access to manufactured housing, affordable housing, and rural housing in recent updates to their Duty to Serve Underserved Markets Plans.
Apartment NOIs were up nearly 20% year-over-year through Q1 2022. A trio of Florida markets led the country in annual NOI growth, while New York and Phoenix trailed closely behind.
Federal, state, and city policymakers are now utilizing zoning reforms in initiatives that encourage the development of affordable housing.
In many parts of the U.S., a supply/demand mismatch is pushing rents higher at a time when interest rate hikes are causing some would-be home buyers to consider delaying ownership.
The Spring 2022 Arbor Realty Trust-Chandan Economics Affordable Housing Trends Report provides comprehensive insight and analysis of major trends shaping affordable housing nationwide. Our report examines the major market developments and the outlook ahead.
The multifamily sector is well-positioned to absorb the shock of rising interest rates. Bolstered by a supply/demand mismatch, multifamily has a solid foundation to support growth during the Federal Reserve’s monetary tightening cycle.
The unemployment rate fell to 6.0% in March 2021 as the U.S. labor market added back more than 900,000 jobs and small businesses led the recovery.
Memphis posted the highest multifamily rent growth in the U.S. during 2020, rising 3.8%. Vacancy rates were lower than the national average, as demand outpaced the addition of new supply. Investment activity remained high and cap rates fell to historical lows, as the local economy showed signs of recovery.
Multifamily rent growth in Memphis was the highest in the nation during 2020, driven by strong demand for workforce housing, as the area remained attractive to investors.
The Los Angeles multifamily market experienced softness in 2020, but a rebound in sales activity to end the year is a positive signal for the metro. Read the full report for more insights.
The single-family rental (SFR) real estate sector went into the pandemic atop a healthy wave of momentum. Since the onset of the pandemic, domestic migration patterns and shifts in housing demand have unilaterally added fuel to the SFR fire.
The Q4 2020 Single-Family Rental Investment Trends Report explores SFR market fundamentals and performance metrics and the outlook for 2021.