New from MPF Research: Multifamily’s Outlook, Late 2017 Rent Cuts, Top Metros for Permits and Jobs
MPF Research provides actionable apartment market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division.
RealPage reports moderate apartment rent growth for 2017
Despite normal seasonal pricing cuts in the 4th quarter, rents grew at a moderate pace in 2017, and occupancy levels remained healthy, according to a new report.
In 4th quarter 2017, Sacramento led the nation’s top 11 markets for annual rent growth, while Minneapolis/St. Paul led for occupancy.
Multifamily market outlook
Does the current cycle still have legs? In a new multifamily outlook, RealPage’s Jay Parsons looks to apartment fundamentals to project market momentum.
Are late 2017 apartment rent cuts a signal of what’s to come?
Normal seasonality caused U.S. apartment rents to backtrack during 4th quarter 2017. In a handful of markets, those rent shifts require a closer look.
In a new report, MPF Research examines nationwide and metro-level pricing trends, zeroing in on Austin, Nashville and Seattle.
Most-active markets see permit volumes increase
The number of U.S. apartment units being authorized for construction is easing – but the most active markets for permits register accelerating activity.
In the year-ending November 2017, New York and Dallas led the top 10 markets for multifamily permits and recorded respective year-over-year volume increases of 3.7% and 11.7%.
Job growth leaderboard remains largely unchanged
Nationwide hiring picked up slightly in November, with U.S. employers adding just over 2.1 million jobs in the year-ending November 2017. That figure again grew the country’s job base 1.4%, according to preliminary data from the Bureau of Labor Statistics.
During the 12 months ending in November 2017, New York, Dallas and Boston saw the greatest actual employment gains. Meanwhile, Athens-Clark County, Georgia and Sarasota/Bradenton, Florida led the nation’s top 10 metros for job base growth.
For the latest multifamily market insights, visit MPF Research.