The future for multifamily is still looking bright, but the industry should expect to see some meaningful deceleration that will bring things back to a more normal pace. “We go in cycles,” Brook Wells, director of research and strategy at Deutsche Asset and Wealth Management,
By Lindsay Machak While development and demand in many western metros may be explosive, some Midwestern cities are also pretty healthy, and growing stronger, according to a recently released list of apartment boomtowns. SpareFoot, a company specializing in offering self-storage solutions online, crunched data from
Click here for multifamily market statistics featured in the May 2014 issue of MHN. According to PPR/CoStar, the average apartment sales price was $107,501 per unit in the fourth quarter of 2013, down slightly from the same period in 2012. Coop and condo prices rose
By Dees Stribling, Contributing Editor S&P Dow Jones Indices reported on Tuesday that the Case-Shiller Home Price Indices, which it publishes, showed that home prices are still going up on an annual basis, though not as much as they have been. The annual increases for
Washington, D.C.—The national apartment market experienced a slight uptick in annual effective rent growth during March 2014, increasing at a rate of 3.1 percent, according to the monthly report by Axiometrics. The increase marked the first time the annual rate climbed above 3 percent since
Maturing Market Has Lenders Searching for New Hot Loan Product, Could Single-Family Development Be Next? By Mark Heschmeyer Bankers appear to be of two minds when it comes to the hot multifamily market. Many are lending aggressively while demand is strong, while some say they
by Amy Sorter on April 15, 2014 Last week, Axiometrics sent a group to Austin, TX to attend—and present at—Student Housing Business’ InterFace Student Housing Conference 2014. Billed by France Media (which publishes Student Housing Business) as “A national information and networking event for the
However, Moderation in Rent Growth Starting To Set In and a Handful of Markets May Be Past Their Peak By Mark Heschmeyer March 5, 2014 The multifamily sector looks to continue to remain quite healthy in 2014 based on analysis of current data from Freddie
While multifamily growth will continue rolling forward, 2014 may tap the brakes a bit. Freddie Mac released its 2014 Multifamily Economic Outlook on Friday noting that rent growth and vacancy will remain positive but should slow down compared to 2013. The report states the overall
By Amalia Otet, Associate Editor The Dallas/Fort Worth multifamily market continued to grow in the fourth quarter of 2013. Asking rents edged up and the vacancy rates declined, creating a favorable context for multifamily to thrive. Effective rents climbed 4.1 percent to $861 per month
