Archive for August, 2017

Apartment demand expected to be robust for years

Overall demand for apartments will likely keep the national vacancy rate at a sustainable level for several years, according to a report by the National Multifamily Housing Council and the National Apartment Association. In some markets -- such as Las Vegas; Raleigh, N.C.; and Miami, Fort Lauderdale, and Orlando, Fla. -- there will be a supply shortfall, says Greg Willett, chief economist with real estate data firm RealPage. Read full story Read more

Multifamily groundbreakings dropped 17.1% in July

US housing starts fell 4.8% in July, a slump driven by groundbreakings for multifamily properties that dropped 17.1%; single-family house construction starts decreased 0.5%. Building permits dropped by 4.1%, to 1.22 million. Read full story Read more

How Can We Meet Future Apartment Demand?

Four strategies for building the 4.6 million apartments the U.S. needs by 2030. Read full story Read more