Industry News Market Update News

Multi-family housing market continues to be strong

Photo by chuttersnap on Unsplash

Jeremiah Jensen | housingwire.com

It looks the multifamily housing market is going to continue its strong performance with continued gradual correction, according to Freddie Mac, which just released its mid-year multifamily outlook. Same rent, different day.

Though new supply has been increasing vacancy rates, the increases have been incremental and moderate. Rent growth remains healthy at the national level as continued demand keeps multifamily afloat.

Completions are expected to peak sometime before fall. In the first half of 2018, deliveries increased 11%. Despite approaching the peak in deliveries, the U.S. Census Bureau reported a 2% increase in multifamily permits and a 10% increase in starts in the first of this year.

Related posts

NAR releases insights from Market Recovery Survey

jlspr

Tax Cuts and Jobs Act: Resources for You and Your Clients

jlspr

JLS Broker Wendy Carrington featured in KIRO TV story on the 811 “Call before you Dig” law

jlspr