Household Growth and the Apartment Market
In the multifamily market, rents growth continues to be sluggish, but growing signs of apartment demand support the long-term health of the sector. In the broader housing market, household growth and pent up demand are bracing against affordability barriers like high interest rates.
GO >Gray Report Newsletter: July 4, 2024
Does Multifamily Optimism Outweigh Economic Uncertainty? A “trifecta of positive inflation reports” shows consistently weakening inflation, and data from both the single-family and multifamily markets points to persistent strong housing demand. Multifamily investment activity, however, is low, and there is little sign of interest rate relief for multifamily borrowers still struggling with high debt costs…
GO >Podcast: Housing Demand Keeps Growing, Will Multifamily Follow?
Listen to the latest episode of The Gray Report Podcast and stay up to date on the most important news and research in the multifamily industry, commercial real estate, and the economy. The Gray Report on Spotify The Gray Report on Apple Podcasts
GO >Housing Demand Keeps Growing. Will Multifamily Follow?
Amid persistently high interest rates and waning, but still-elevated, inflation, prices for single-family homes continue to increase, and despite the lower rent growth in the apartment market, the Harvard JCHS’s recent State of the Nation’s Housing Report finds continued affordability pressure in both the rental and for-sale areas of the housing market. While both rent…
GO >The State of the Nation’s Housing 2024
Source – Harvard Joint Center for Housing Studies: “The State of the Nation’s Housing 2024” This is a big one, and we’ll likely be digging into this and discussing it in future episodes of the Gray Report, but we’ve got an overview of the main points to discuss today, and we kindly direct our audience…
GO >Gray Report Newsletter: June 27, 2024
The indominable growth of the housing market Amid persistently high interest rates and waning, but still-elevated, inflation, prices for single-family homes continue to increase, and despite the lower rent growth in the apartment market, the Harvard JCHS’s recent State of the Nation’s Housing Report finds continued affordability pressure in both the rental and for-sale areas…
GO >Rent Hikes Loom, Posing Threat to Inflation Fight
Source – The Wall Street Journal: “Rent Hikes Loom, Posing Threat to Inflation Fight” This review of the rent growth situation is more interesting than I expected. On the one hand, it might be easy to dismiss it as another article on elevated rent growth that ignores the disconnect between CPI-measured rent growth and the…
GO >Midwest Multifamily Shows Its Strength
Lower housing starts could exacerbate housing affordability issues, and while much of the US multifamily market is cooling due to to increased supply, midwestern multifamily markets are showing solid performance above national averages.
GO >Podcast: Midwest Multifamily Shows Its Strength
Listen to the latest episode of The Gray Report Podcast and stay up to date on the most important news and research in the multifamily industry, commercial real estate, and the economy. The Gray Report on Spotify The Gray Report on Google Podcasts The Gray Report on Apple Podcasts
GO >Gray Report Newsletter: June 20, 2024
8.7% Jump for Apartment Investment Index after Sluggish 2023 Numbers showing “sharply” improved multifamily investment prospects for Q1 2024 have been released at the same time as recent analysis that has captured the extent of cooling CRE valuations in 2023, showing a stark contrast in investment market trends in spite of continued headwinds for the…
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