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

National Market Analysis Manager, 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 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 individual apartment assets and unit types – seamlessly merging market expectations with rent roll dynamics, as well as MPF’s quarterly market research reports. In addition, he is also the host of “Apartment Market Dynamics,” MPF’s video news program highlighting apartment market trends in metros of all sizes across the country. Jay has been with MPF Research since March 2009. He has written articles for industry publications, including Multifamily Executive and Units, and has spoken on various topics related to the multifamily housing at industry conferences and events. 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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