Rent growth and occupancy levels have reached record levels across the country. Gateway markets are recovering with significant monthly rental gains. Occupancy is highest in
Signs of recovery are beginning to show as some gateway markets saw month-over-month gains. However, tertiary markets are still seeing the strongest gains. Absorption and
Multifamily permits, construction, and completions tracked as expected this month, as construction sentiment continues to improve. The southern US continues to expand its overall share
Surprisingly, the recent surge in spending on single-family homes has not brought its level back to that at the peak of the housing bubble in
Permits continue to be pulled at a record pace while setting month-over-month records. Still, starts dipped and completions continue a stark downward trend. As we
The end of 2020 and beginning of 2021 saw national rents nearly climb back to pre-pandemic levels, while occupancy has remained strong. Although national rent
The construction sector continues to show signs of recovery, with supply and demand imbalances driving new theses. While actual construction starts continue to show a
Apartment demand has recovered from low levels in the first half of 2020, with strong third and fourth quarters. 2021 construction will see more than
Major metro data has come in for 2020, and construction activity was down (sometimes significantly) across the majority of the top 10 metros (Phoenix excluded).
San Jose, New York, and San Francisco are the markets with the largest rent declines, along with many primary markets. The outlook for 2021 is
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