NMHC Insights on the Apartment Market in 2024
The enormous amount of apartment supply expected this year should temper any expectations of apartment demand, but newly-published research on the topic argues that U.S. housing needs are far larger than can be addressed even with the historic amount of multifamily completions last year and forecasted for this year. On the capital markets side, recent data points to a substantial…
GO >One Good Year Does Not Solve America’s Housing Shortage
Source – Moody’s Analytics: “One Good Year Does Not Solve America’s Housing Shortage” Multifamily construction projects increased by 11.1% in succession, reaching a seasonally adjusted annual rate of 509,000 units. However, household formation and mobility, which were high during the last half of 2021 and early half of 2022 due to lifestyle changes, location preferences,…
GO >Podcast: Eye to Eye with Apartment Supply
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: February 1, 2024
Are We Underestimating Apartment Demand? The enormous amount of apartment supply expected this year should temper any expectations of apartment demand, but newly-published research on the topic argues that U.S. housing needs are far larger than can be addressed even with the historic amount of multifamily completions last year and forecasted for this year. On…
GO >Eye to Eye with Apartment Supply
While recent migration and employment data highlights the continued growth of the Sunbelt, the massive amount of newly-built apartments in Sunbelt markets far outweigh the effects of demand drivers like population or job growth. Given this dynamic, investors may find higher-performing assets in multifamily markets in the Midwest and Northeast that have not seen as…
GO >Podcast: Top Markets for 2024
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: January 25, 2024
Where Will Apartment Supply Hit Hardest? With record levels of new apartment supply a near-certainty for 2024, finding the markets with the most attractive balance of supply and demand will be a priority for multifamily investors. Asset valuations remain in flux given the sluggish apartment sales market, but greater optimism and clarity on interest rates…
GO >Top Multifamily and Housing Markets for 2024
Markets in the Northeast and the Sun Belt continue to get attention, along with mountain locales like Idaho and Montana, but affordability is a significant draw for Midwestern markets like Cincinnati and Indianapolis.
GO >Podcast: Inflation, Private Credit, and Multifamily Survival
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: January 18, 2024
Will the Multifamily Market Reignite? A number of potential scenarios could restart activity in the multifamily market, with rate cuts, pent-up investor demand, loan maturities, and continued operational challenges among the possible factors that could close the buy/sell gap and motivate more apartment property sales. Multifamily asset performance faces near-term pressures from increased apartment supply…
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