U.S. Apartment Market Meets Expectations in 4th Quarter

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The first nine months of 2011 were very good for the U.S. apartment market, but what happened in the fourth quarter? That time of year is typically a slow leasing period for the apartment sector and going into the fourth quarter we were expecting to see a pretty flat revenue change. Did the U.S. apartment market experience a little holiday surprise in Q4 or was it pretty much what we expected?

Greg Willett joins me to examine the results in this special video edition of Apartment Market Dynamics.

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For additional information, please read the press release from RealPage and MPF Research.

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Jay Parsons

Director of Analytics & Forecasts, MPF Research, MPF Research

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Jay Parsons is the Director of Analytics & Forecasts for MPF Research, the market intelligence arm of RealPage, Inc. Jay’s role includes overseeing MPF’s five-year forecast models, providing market advisory services to clients and managing the team that tracks and analyzes conditions in 300+ markets across the country. Jay also helps lead Revenue Forecaster, RealPage’s on-demand forecasting platform specific to client portfolios down to individual assets and unit types – seamlessly merging submarket expectations with daily rent roll dynamics. In addition, he hosts “Apartment Market Dynamics,” MPF’s video news program highlighting apartment market trends across the country. He has written commentary pieces for several publications, including American Banker, Multifamily Executive, Mortgage Bankers Association NewsLink, Units and Multihousing Pro. He has spoken on various topics, including multifamily economics and Millennial generation trends, at industry conferences and events. Jay has been with MPF Research since March 2009. He is a native of Charlotte, N.C., and a graduate of the University of Maryland, currently living in the Dallas area.

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