Washington D.C. Shows No Signs of an Apartment Construction Slowdown

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Washington, D.C. led the nation in apartment construction during 2012’s 3rd quarter – with most of the new development being the luxury, urban core variety. As a result, rent growth levels are easing.

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U.S. Apartment Rent Growth Levels Continue Easing in Third Quarter 2012

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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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