New from MPF Research: The Suburbs, Market Completions, and Multifamily Lending
MPF Research provides actionable market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division:
Suburban Fundamentals Continue to Outperform
Over the last four years, suburban areas have progressively outperformed denser, urban areas.
MPF Research analyst Brandon Crowell explores the widening gap in a new report, noting, “Overall, urban core rents have increased about 14% since 2013, while suburban rents have grown about 19%.”
Do current trends support a continuation of suburban strength? Through location-specific lenses, Crowell examines market trends, including occupancy levels, to estimate future suburban and urban performance.
Which Markets are Seeing Elevated Risk? Which Markets are Most Stable?
Using a composite risk system, scoring based on multifamily performance and economic data, MPF Research examined the nation’s five most and least risky markets across the nation.
The scoring system references a range of variables – rent, absorption, occupancy, apartment inventory, employment, personal bankruptcies, population, median income and median home prices – to determine which markets are most vulnerable to a “rent recession” and which are least vulnerable.
Completions Set to Peak in 2017, but Opportunity Remains Plentiful, Experts Say in Webcast
MPF Research’s latest interactive webcast explored emerging construction narratives and ranked the top markets for development viability.
MPF Research Vice President Jay Parsons emphasized every aspect of the industry’s inventory conversation directed to one question: Is ongoing apartment construction finally peaking? A recap of the webcast features insider assessments on multifamily development, supply trends and late-recovery economies from Parsons, RealPage Chief Economist Greg Willett and new RealPage family member Jay Denton of Axiometrics.
Multifamily Lending Brief: 4Q 2016
MPF Research regularly provides quick-reference breakdowns of the multifamily lending environment, providing details on loan volumes and market share.
In 4th quarter 2016, multifamily loan volumes grew 11% year-over-year. That figure is down from 2015’s year-end peak of 16%. Meanwhile, JP Morgan Chase led the market share for total multifamily lending in 4th quarter 2016, capturing nearly 18% of the market.
View the complete lending brief for industry insight on loan balances, delinquency rates and activity from Fannie Mae and Freddie Mac.
For the latest multifamily market insights, visit MPF Research.