Charlotte’s apartment sector outpaced ever-growing expectations in 2012’s 1st quarter, and it now ranks among the nation’s leaders with year-over-year growth of 6.4% in rents and of 2.2 points in occupancy. [VIDEO]
The recent uptick in single-family home sales is creating some news about apartment renters leaving to buy homes. But it’s not a big spike – and even if it was, that wouldn’t necessarily be a bad thing.
The U.S. apartment sector posted revenue growth of 1.1 percent during 2012′s first quarter. MPF Research examines the results in this video edition of Apartment Market Dynamics.
Earlier this month, the U.S. Bureau of Labor Statistics released revised employment data for 2011. Which metros saw big upward or downward revisions – and how do those numbers correlate to what’s happening in the local apartment markets?
VIDEO: Of the apartment markets in the Louisiana/Mississippi/Alabama region, Jackson ranked as the top performer in 2011 – and by a very wide margin.
WATCH: The Wilmington, Delaware, apartment market topped its neighbors and the national norms for same-store rent growth in 2011.
WATCH: Birmingham had one of the nation’s apartment weaker occupancy rates at the end of 2011. And with the local economy in rough shape, the apartment sector could be in for a long path to recovery.
WATCH: Baltimore got off to a slow start in 2011 but ended the year with minimal vacancies and with decent (though unspectacular) rent growth, just as the job market heated up again.
WATCH: Knoxville has the lowest unemployment rate among Tennessee’s four largest metros, but the apartment market here remains a middle-of-the-road performer.
Occupancy rates are in good shape in Fresno, but rent growth has been minimal due to a weak economy. And further difficulties could be looming.