Research

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. […]

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.

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%.

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 […]

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’ […]

Entering what many are calling the ninth inning of the current real estate market, we believe the most prudent investment is one offering the most downside protection and dependable upside. In real estate, that is an asset class that provides relatively low vacancy rates and above-average rent growth, attributes exhibited by workforce housing. CBRE Research […]

CBRE Multifamily Research takes a look at the U.S. Population by Generation and the specific impacts of the younger Millennial and Generation Z cohorts on multifamily demand.

Harvard Joint Center for Housing Studies recently released their 2018 “State of the Nation’s Housing” report. In the 30th anniversary report, many of the main barriers to home ownership persist three decades later.