Most of the apartment narrative has focused on declining rents and occupancy over the past 18 months, and for good reason. Since the peak in mid-2022 rent growth has softened significantly and fallen negative in most markets.
A lot has been discussed about the supply wave currently hitting the multifamily sector. It is true that we are at a four-decade high in terms of new multifamily deliveries, however demand remains strong in several markets, especially in the sunbelt.
As we approach the end of 2023, this week’s report will be our last of the year. As such, I looked back over the prior 51 weeks at some of the key trends, predictions and observations we made to identify where we got it right and where we missed the mark.
The first half of 2023 is behind us and before we shift our focus to the third and fourth quarters of this year, we look back on multifamily performance from January through June. We will discuss the key metrics tracked by Radix, with all data coming directly from our clients and their operating platforms. The data included in this report is as of the last week of June.
The first estimate of Q1 GDP was released this week, and the U.S. economy grew at a 1.1 percent annualized
Inflation took a significant step toward returning to normal in March as the CPI registered 5% annual growth for the
We are excited to share with you the Chart of the Week! Through our real-time data, we are building a series of visuals, charts, and graphs depicting the most important trends in the multifamily industry. This week we are analyzing who is leading the nation in traffic.
For much of the past two years, the employment market has been the anchor of the U.S. economy, as strong job growth continuously countered the significant inflation and interest rate headwinds. However, that may be shifting, as the March jobs report missed expectations, the first miss in 12 months