Confidence in Apartment and Condo Housing Sectors Weakens in the First Quarter By Carmel Ford on May 23, 2019 (). Builder and developer confidence in the multifamily market weakened in the first quarter of 2019, according to results from the National Association of Home Builders’ (NAHB) Multifamily Market Survey (MMS).
DFW’s multifamily market saw strong occupancy rates due to job growth and a fall in construction delivery.. CBRE research indicates construction starts fell by 5,000 units, and deliveries fell.
Last year, Las Vegas had the highest year-over-year multifamily rent growth. and that’s what’s driving the housing market.” Last June, the las vegas review-journal reported that the city’s.
A reading of 42 is seen as a healthy number for the multifamily market. "Multifamily builders and developers are reporting solid demand around the country, as shown in the vacancy rate for the first quarter," said Steve Lawson, president of The Lawson Companies in Virginia Beach, Va., and chairman of NAHB’s Multifamily Council.
RENTAL MARKET CONDITIONS Rent Rising rents, low and declining vacancy rates, and double-digit growth in multifamily construction all point to strong rental markets. multifamily property prices are also soaring, attracting new capital from investors and private lenders. For renter households, however, increasingly tight market conditions have.
These factors indicate that the Los Angeles multifamily housing market is expected to level off in 2019, but it will remain strong as housing demand far outweighs supply, NAI’s report concluded.
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GREATER PHOENIX | MULTIFAMILY Q1 2017 strong renter demand drives Vacancy Lower Key Takeaways > The Greater Phoenix multifamily market posted a strong start to 2017. During the first quarter vacancy dipped, rents continued to push higher, and sales velocity remained relatively consistent. > Vacancy ended the first quarter at 5.6 percent, down.
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The construction boom that birthed a revitalization of DTLA has brought a glut of multifamily rental properties. agents familiar with the market claim they don’t expect a steep uptick in vacancy.
The Multifamily Vacancy Index (MVI), which measures the multifamily housing industry’s perception of vacancies, dropped three points 33. With the MVI, lower numbers indicate fewer vacancies. After peaking at 70 in the second quarter of 2009, the MVI declined consistently through 2010 and has been at a fairly low level throughout 2011 and 2012.
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