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


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

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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