MPF Research

Successful real estate investments require having the right product in the right market at the right time. Each week, MPF Research analysts highlight the latest apartment occupancy and rent growth statistics as well as other key performance indicators for rental housing.

Apartment Resident Turnover
 

What Factors Correlate with Apartment Resident Turnover?

What do a metro’s median age and economic strength have to do with apartment renter turnover? It turns out, the connection is strong. It also turns out that household income, Millennial population and rent growth have very little to do with lease renewal conversion. MPF Research recently covered the metro areas with the highest and […]

RaleighDurham_featured
 

Raleigh/Durham Apartment Market Showing Signs of New Momentum

The Triangle apartment market is one of a handful that saw fundamentals weaken under the weight of large supply volumes in 2013 and 2014. But Raleigh/Durham could be turning the corner.

Jacksonville - Labor Market
 

The Labor Turnover Metric Can Have Major Implications for the Apartment Market

Labor market data is historically complicated to analyze. First of all, monthly employment data from the Bureau of Labor Statistics comes from two different surveys whose results don’t always line up. Second, similar to most economic data points, the employment results are subject to revision, which can have a dramatic impact on the final result. […]

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Where are Apartment Resident Retention Rates Highest and Lowest?

And Do Higher Retention Rates Mean More Revenue? (Hint: No.) Apartment resident retention rates continue to climb across the country. Even with rapidly rising rental rates and record volumes of apartment construction, apartment renters are increasingly choosing to stay put rather than move out. So, which markets are apartment renters most likely – and least […]

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Multifamily Lending Brief: Q1 2015

MPF Research In the wake of the great recession, the entire financing environment shifted to benefit the multifamily industry. As such, MPF Research will provide high-level, but relevant updates on an on-going, quarterly basis. These updates include details on loan balances by lending category, overall market share, delinquency rates, as well as activity from Fannie […]

REITS Multifamily
 

Top Metros for REIT Multifamily Ownership

Real estate investments are broken into four quadrants: public, private, debt, and equity. Few market participants look to all four quadrants for data points. Investment shops tend to specialize in one or two quadrants, and real estate researchers tend to view the real estate universe in a similar light. The purpose of this piece is […]

Kansas City Job Growth
 

Is the Kansas City Apartment Sector Benefiting from Improved Job Growth?

Job growth in Kansas City accelerated significantly in the early months of 2015, hitting the highest levels seen since the late 1990s. Did that pick-up is jobs translate to improved performance for the local apartment market?

U.S. Apartment Market
 

Apartment Rent Growth Levels Hit New Highs For Both New Leases and Renewals

The U.S. apartment industry continues to exceed performance expectations, with real rent growth levels in April 2015 surpassing the cycle’s previous peak set back in 2011. New highs in rent growth were seen for both new resident leases and for renewal leases. April 2015, total lease-over-lease rent growth nationally measured 6.1% — well above the […]

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Why Apartment Investors Should Write off the Popular Jobs-per-Demand Metric

Jobs are obviously critical, but they’re only one piece of a complex puzzle How many jobs does it take to create one unit of apartment demand? It’s a common question many investors want answered before pursuing a deal. The jobs-to-demand ratio has become a staple of nearly every apartment investment package, a standard metric alongside […]

Fort Lauderdale
 

Fort Lauderdale’s Apartment Sector May Be Shedding “Underachiever” Status

Coming out of the recession, Fort Lauderdale appeared best positioned to perform well among the South Florida metros. Instead, it became the solid-but-unspectacular laggard of the group – generally tracing at or below the U.S. averages for rent growth. That may now be changing.

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