NMHC Construction Survey (Round 2) shows continued pressure throughout the multifamily construction sector, while forward-looking metrics (permits, starts, completions) also continue to decline. One shining light: affordable housing looking..
Construction-related issues begin to take hold as COVID-19 tears through the nation. Construction delays from the stay at home orders (affecting permits) and global supply-chain constraints led to the lowest 1Q20 deliveries in nearly a decade in..
The Nation’s highest supply markets continue to offer the greatest concessions, year after year. However, the overall market is healthy. For the year ended January 2020, the market started the year at 95.5% occupied and 2.9% rent growth. Still,..
Multifamily completions are scheduled to hit 371,000 in 2020, a 50% increase from 2019. Still, new 2020 construction starts are expected to remain steady, causing 2021+ deliveries to be more in-line with prior years. It is estimated demand will..
Lower 2020 expected deliveries may finally catch up with construction labor shortages, easing the cost burden on developers. There is also a high-impact $2B "pop-up city" construction project under development in Orlando. The outlier in the last..
CBRE’s third-quarter 2019 report continued to demonstrate sustained high-levels of multifamily demand throughout the United States, with net absorption of 307,600 outpacing completions of 256,000 for the year ending in Q3. However, construction..