April 24, 2023

Looming Multifamily Oversupply Likely Will Be Short-Lived

Many headlines today are alluding to the potential for oversupply in multifamily due to new starts over the next year+. However, many of the projects under construction or in the planning phases may get shelved because the ability to get financing and equity in place is much more difficult in this higher debt cost environment. With an uncertain economic outlook, increased costs of construction and...

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April 24, 2023

Looming Multifamily Oversupply Likely Will Be Short-Lived

CBRE

Many headlines today are alluding to the potential for oversupply in multifamily due to new starts over the next year+. However, many of the projects under construction or in the planning phases may get shelved because the ability to get financing and equity in place is much more difficult in this higher debt cost environment. With an uncertain economic outlook, increased costs of construction and a tight labor market, many groups will likely press the pause button on new starts.

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April 24, 2023

The Surge in Household Growth and What it Suggests About the Future of Housing

Joint Center for Housing Studies at Harvard University

As rising interest rates slowed demand for housing in 2022, new data on household growth is helping show how demand has changed since 2019. Various drivers enabled people (largely older millennials) to form new households in 2020 and 2021, including wage hikes, increase in savings from stimulus payments, and a pause in student loan payments.

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April 24, 2023

Rent-to-Income Ratios for Market-Rate Apartments Remain Healthy

RealPage Analytics

Housing affordability in the U.S. has been a growing concern among many over the past few years. While we’ve seen historic rent growth numbers since 2020, wage growth has kept pace with rent increases, keeping rent-to-income ratios generally below the affordability ceiling of 33%.

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April 24, 2023

Harvard JCHS America’s Rental Housing 2022 report

Joint Center for Housing Studies at Harvard University

After a year of unprecedented growth in 2021, the housing market has taken a turn. With multiple interest rate hikes, homebuying has become even more unattainable for many due to increased monthly payments. Additionally, for-sale inventory has hit an all-time low, forcing people to rent for longer. While supply (multifamily and single family) is expected to increase with many projects underway, there is still a supply/demand imbalance.

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February 18, 2020

Harvard JCHS America’s Rental Housing 2020 report

Joint Center for Housing Studies at Harvard University

Renting affords a high degree of mobility. With changes in attitudes towards home ownership coupled with high barriers to entry for new buyers, more people of all demographics are renting today. In fact, over 75% of the growth in renters from 2010-2018 was driven by higher income households. The Harvard Joint Center for Housing Studies’ recent report, “America’s Rental Housing 2020” takes a look at what is driving the Rental Housing market today.

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