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.

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Income and Rents: It Takes Money to Make Money

As apartment rents continue to trend higher, real estate economists are worried income growth isn’t keeping up. After all, an increase in rent means residents are forced to allocate a higher percentage of their income to housing if their paychecks don’t also increase proportionately. Investors, especially in Class B and C assets, are worried that […]

Downtown Jackson
 

Jackson’s Apartment Markets Remains Steady But Lackluster

Job growth has disappeared in Jackson, thanks to backtracking in the all-important government sector. That has kept apartment fundamentals at lackluster levels. However, as usual, performance remains bifurcated between the city of Jackson and its suburbs – with materially better numbers in the suburbs. SHOW MORE

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Apartment Renters are Renewing Leases at Historically High Levels

U.S. apartment renters are increasingly choosing to stay put rather than move up to new apartments, move down to cheaper units or move out to buy homes. Apartment resident retention rates hit a decade-high in February 2015, continuing a five-year upward trend. Apartment lease renewal conversion hit a long-term high of 54.5% in February. Stated […]

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Sacramento’s Apartment Market Momentum Has Returned

In metro Sacramento, the apartment market performance now has gotten back on track in a big way, after several years when the area posted results well below the national norm. Occupancy reached 97% at the end of 2014, with no more than a handful of vacancies seen in any neighborhood or product niche. Occupancy has […]

Sarasota, Florida
 

Apartment Rents Continue to Soar in Southwestern Florida Markets

Florida’s tourism-dependent markets in Southwest Florida took a big hit in the downturn. But the bust has been followed by a boom. Apartment markets in Sarasota/Bradenton and Fort Myers/Naples have seen some of the biggest rent hikes nationally in recent years. Can it continue? (Image Source: Shutterstock)

Atlanta Apartment Market
 

A Bullish Case for the Atlanta Apartment Market

The Atlanta apartment market is one of the most hotly debated metros in terms of future performance. Bullish investors point to the area’s status as a regional business hub, vast logistics/manufacturing infrastructure and educated workforce. Bearish investors highlight the long-term structural challenges: historically weak apartment performance, an abundance of housing supply and the propensity to […]

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Urban Core Apartments Remain the Standouts in New Orleans

Overall apartment market fundamentals (and underlying economic drivers) remain lackluster in New Orleans. However, as usual, the Central New Orleans submarket continues to far outperform the metro norms.

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Top 10 U.S. Submarkets by Share of Metro Stock

Does density improve performance? Rental rates are an effective tool for analyzing a submarket. The theory goes, the higher the rents, the more desirable the area. Since real estate decisions are partially based on submarket analysis, could the same hold true for submarket level density? This piece will explore whether submarket density indicates a lack […]

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Apartment Supply and the Beer Game Principles

In the 1960s, a group of MIT professors developed an innovative way to teach students the key principles of supply chain management. They called their creation Beer Game. The objective of the game is to meet customer demand while minimizing supplies on hand and total costs. But there is a lag effect from the time […]

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Affordable Multifamily Supply is Squeezed by Development in the Conventional Market

As fundamentals remain strong in the U.S. apartment market, developers continue to ramp up construction of conventional properties. But this building spree could be having an inadvertent effect on the affordable housing sector – and not in a way that results in additional affordable units. Instead, the historically high levels of conventional apartment construction have […]

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