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

National Market Analysis Manager, MPF Research

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Jay Parsons is the national market analysis manager for MPF Research. Jay heads up MPF’s market analysis team, which tracks and forecasts apartment trends – as well as the economic and demographic patterns that shape them – across the country down to a neighborhood level. He also oversees the production of the company’s quarterly Apartment Market Reports. Jay also serves as the host of “Apartment Market Dynamics,” MPF’s video news program highlighting apartment market trends in metros of all sizes across the country. He has written articles for industry publications, including Multifamily Executive and Units.

Jay began working for MPF Research in March 2009 as a market analyst before moving into his current role in March 2011. Prior to joining MPF, he worked as a reporter for The Dallas Morning News, where his duties included coverage of local government and economic development. A native of Charlotte, North Carolina, he is a graduate of the University of Maryland. Jay is a member of the DFW Association for Business Economics and the DFW Real Estate Research Forum.

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