Items Tagged with 'Multifamily demand'

ARTICLES

  • Expect continued apartment development boom in these 5 metros

    Cities saw rapid growth this year, expect similar pace in 2020
    Last month, Freddie Mac predicted 2019 would be a banner year for multifamily. That trend is expected to continue in 2020, particularly in Charleston, South Carolina; Colorado Springs, Colorado; Salt Lake City, Utah; Raleigh, North Carolina; and Louisville, Kentucky; according to a recent study by Yardi Matrix.
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  • Where do renters want to live?

    Here are the most desirable rental markets
    Earlier this year, a report from CBRE showed that there were more apartments built last year than in almost any other year since the 1980s. The report also showed where those apartments are being built, with the majority of the development coming from the top 20 markets. But are builders building where renters actually want to live? Do they really have their collective finger on the pulse of the renter? Yes and no, as it turns out.
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  • Here are the markets where the most apartments were built in 2018

    CBRE report shows top 20 markets for apartment completions
    Thanks to a report last week from CBRE, we already know that construction activity in multifamily real estate last year was more robust than almost any other year since the 1980s. According to the CBRE report, there were 267,900 units completed in 2018, slightly lower than the previous high of the last 30+ years, which just so happened to be set in 2017. But where are all those apartments being built?
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  • Multifamily real estate just had its best year since 2000

    Net absorption rose to highest level this century
    By just about any way you look at it, 2018 was the best year for multifamily real estate this century: Renters paid more for housing than they ever have before, Freddie Mac and Fannie Mae both had banner years, commercial and multifamily debt hit an all-time high, all while delinquencies remained at historic lows. And now, we have clear evidence that last year was the market's best year since 2000.
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  • CBRE: Here’s where multifamily investors should be putting their money in 2019

    Why workforce housing will outperform the rest of the market
    While most of the market attention tends to be focused on Class A multifamily buildings, new research from CBRE suggests that there is another class of multifamily housing that represents a much larger opportunity for investors – workforce housing. And going into 2019, market conditions are positioning workforce housing for continued return on investment.
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  • Bainbridge Companies hires five new executives to position for growth

    Bainbridge says it expects significant growth in East Coast operations over next 3 to 5 years
    Luxury multifamily firm Bainbridge Companies, recently hired five members to its executive team in support of its growth initiatives in the Mid-Atlantic region. As the single-family industry struggles to prop up sagging originations and fight low inventory, resulting in a tough season full of layoffs, the multifamily industry appears to be running strong. The ability of firms to hire for growth is a good indicator that things are going swimmingly in the multifamily industry.
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  • RealPage: Class-C is now the cream of the multifamily crop

    It's the underdog story of the decade; Class-C apartments are outperforming Class-B and Class-A in occupancy growth
    It’s the underdog story of the decade. Class-C is now on top of the multifamily food chain, boasting tighter occupancy rates than Class-B and Class-A, according to a report from RealPage. Class-C can thank good job growth, the overall demand for multifamily and the particularly acute demand for affordable apartments for its upward momentum in the multifamily market.
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  • Fannie Mae: Both renters and homebuyers feel pessimistic about affordable housing availability

    Affordability concerns could be keeping people in their homes and contributing to inventory shortage
    Renters and owners are more likely to be concerned about housing affordability when they have to find a new place to live compared to the affordability of where they already live, according to a report from Fannie Mae. Basically, people feel more comfortable paying what they pay now and are concerned that their payment (whether it's rent or a mortgage) will be less affordable than what they currently have.
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