Monthly Archives: January 2013
A New Paradigm or Wishful Thinking? Factors including an imposing development pipeline, rising home values, and some easing in single-family credit will test the multifamily sector’s resilience.
January 24, 2013 Few asset classes can boast a convergence of favorable circumstances to rival that of the apartment sector. Whether by choice or necessity, record numbers of American families have swelled the rental ranks since the onset of the … Continue reading
January 19, 2013 The real estate analysts at the CoStar Group worry that the growth in multifamily development may be too much of a good thing. “Apartment construction has been on a tear in certain markets,” CoStar says. “With the inventory … Continue reading
January 10, 2013 U.S. apartment vacancies declined to an 11-year low in the fourth quarter as construction of multifamily complexes spurred by rising rents failed to keep up with increasing demand, Reis Inc. (REIS) said. The national vacancy rate dropped to 4.5 … Continue reading
January 3, 2013 While down from 2011’s result, 2012’s 3.0 percent increase topped the long-term norm;completions will jump notably in 2013-2014 Effective rents for new leases in the U.S. apartment sector climbed 3.0 percent during 2012, according to MPF Research, … Continue reading