Multifamily Construction Update (February 2020)

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 Construction Update (January 2020)

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..

Multifamily Construction Update (December 2019)

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..

Multifamily Construction Update (November 2019)

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..

Multifamily Construction Update (October 2019)

2019 deliveries continue above historical averages, however, some major markets with nation-leading fundamentals are experiencing year-over-year declines. Still, 2020 is expected to see significant inventory gains, led by Texas. While deliveries..