New from MPF Research: Top Metros for Rent Growth, Job Gains and Apartment Permits
MPF Research provides actionable apartment market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division.
West region dominates rent growth leaderboard in the current cycle
Average U.S. rents have grown nearly 30% over the current cycle, which began in 2010. Some individual apartment markets have notably outperformed that average.
In a new report, RealPage ranks the nation’s rent growth leaders for the current cycle.
Job growth strengthens among top 10 metros in January
National hiring momentum experienced a slight pullback in January. At the same time, job gains actually increased among the top 10 performing metros.
For the year-ending January 2018, New York, Los Angeles, Dallas and Houston led for actual gains. For the same period, Odessa and Reno led the nation for job base growth. Workforces in those two metros grew by 7.2% and 5.0%, respectively.
Las Vegas tourism suffers while construction builds
The Las Vegas tourism industry recorded job cuts in December. Meanwhile, an expanding construction sector helped boost the metro’s total employment tally for 2017.
In a new report, RealPage examines factors driving Las Vegas’ employment-sector trends.
Multifamily permit volumes hold steady in January
Apartment permit volumes held steady in the latest national data. At the same time, the monthly metro-level leaderboard experienced a shake-up.
For the month of January, New York and Charlotte led the top 10 metros for apartment permits, authorizing 1,893 and 1,627 units, respectively.
Floorplan pricing differs across regions
Students are beginning to secure housing for the upcoming school year. Budgets are a driving factor, and rents at the floorplan level differ across regions.
In a new report, RealPage analyzes rent levels and growth by bedroom count, accounting for regional trends.
For the latest multifamily market insights, visit MPF Research