Articles

The Most Active Markets for New Multifamily Development in 2025

After the volume of multifamily permits fell nationally in 2023 and 2024, this year is on pace to be a year of stabilization for multifamily development. According to the U.S. Census Bureau, out of the top 100 largest U.S. metros by population, 47 had more multifamily permits through the first six months of 2025 than they did over the same period last year. Driven by strong underlying multifamily demand, attractive investment opportunities are leading to rebounding construction pipelines. As multifamily permitting rises, we explore the markets where new permits issued are most concentrated and where construction activity is gaining momentum.

Current Reports

Small Multifamily Investment Trends Report Q3 2025

Arbor’s Small Multifamily Investment Trends Report Q3 2025, developed in partnership with Chandan Economics, examines the factors behind the continued upward trajectory of the sector amid an ongoing capital markets recalibration. Several of its core performance metrics, including valuations, originations, and credit standards, have shown measurable improvement as a multifamily market-wide normalization takes shape. Supported by strong fundamentals, small multifamily stands tall despite economic uncertainty.

Analysis

U.S. Multifamily Market Snapshot — August 2025

The U.S. multifamily market stood on the cusp of a new cycle at the halfway point of 2025, as demand continued to be driven by favorable demographic trends and a structural need for housing.

Articles

Small Multifamily Continues Steady Price Growth

Small multifamily valuations realized positive year-over-year growth in the second quarter of 2025, demonstrating the sector’s ongoing resilience in an unsettled economic environment. Steady rent growth, improving operating expense ratios, and stable cap rates helped move price growth into positive territory.

Articles

Metro-Level SFR Rent Growth Trends in the First Half of 2025

Albany, NY, and many other affordable mid-sized metropolitan statistical areas (MSAs) outpaced the national rent growth average for single-family rental (SFR) properties in the first half of 2025, according to an analysis of Zillow’s Observed Rent Index, which tracks the 100 largest markets in the U.S.

Articles

Larger Buildings and Smaller Units: How New Multifamily Completions Continue to Evolve

Driven by high construction costs, land constraints, and rental affordability, developers are increasingly prioritizing smaller units in higher-density multifamily properties. Utilizing data from the U.S. Census Bureau’s annual Survey of Construction, the research teams at Chandan Economics and Arbor Realty Trust have analyzed how the characteristics of new multifamily properties continue to evolve.

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Single-Family Rental (SFR) Financing

Arbor offers flexible solutions customized for your growing rental portfolio.

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Arbor provides investors with an array of short-term and long-term single-family rental (SFR) financing options to fit their investment strategies. Whether you are looking to develop, purchase, or refinance a build-to-rent (BTR) community, purchase or refinance an SFR portfolio and hold for the long-term, or acquire investments to rehab, our loan products will help you get there quickly and with certainty.

Why Invest in SFR?

Single-family rentals represent more than half of the rental market

There is an immediate and growing demand for workforce and affordable housing

Single-family rentals have become one of the fastest-growing asset classes

Enjoy easier financing, faster closing times, appreciation tied to neighborhood growth and fewer regulations

Why Partner With Arbor?

Flexible options for seamless financing of the property life cycle, from construction-to-bridge-to-permanent financing for BTR properties and bridge-to-permanent financing for single-family portfolios

Multifamily, BTR, and SFR experience, expertise, and reputation

Personalized service and customized solutions

Expert in-house servicing for the life of the loan

Local market expertise nationwide

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