U.S. Apartment Market Revenues Soar 2.5 Percent in the Second Quarter
The U.S. apartment sector turned in a near-record revenue growth performance in the second quarter of 2011, according to the preliminary results from MPF Research’s 2nd quarter 2011 survey of more than 6 million apartment units across the country. Occupancy climbed 0.8 percentage points during the past three months, and effective rents jumped 1.7 percent, taking the total revenue lift for the quarter to 2.5 percent.
In this special edition of Apartment Market Dynamics, Greg Willett and Jay Parsons with MPF Research take an in-depth look at the nation’s latest apartment market performance results.
For additional information, please read the press release from RealPage and MPF Reaearch.
For comprehensive apartment market analysis for the U.S. apartment market and other markets across the United States, subscribe to MPF Research Apartment Market Reports.