Apartment supply hits level not seen since 1980s. Apartment supply is at a historic level following a large delivery of completions in 2023. Supply hit a 36-year high, according to RealPage Analytics, with 440,000 units completed last year. However, completions are...
Migration trends have remained relatively consistent. The South and Sun Belt continue to see an influx of migration. The recently released U-Haul Growth Index for 2023 shows Texas topped the list for the third consecutive year. Florida (second for the third straight...
Adaptive reuse of office buildings continues to lead the way in residential conversions. More than 55,000 office-to-apartment units are expected to be created in 2024. This is up 10,000 units from 2023, according to new research from RentCafe. And while the level is a...
The deal could enhance the Low-Income Housing Tax Credit. On January 18, 2024, the U.S. House and Senate passed a temporary extension of government funding until March to avoid a government shutdown. Additionally, Ways and Means Committee Chairman Jason Smith (R-Mo.)...
UDR Sells The Arbory in City’s Upscale Hillsboro Suburb for $79 Million UDR sold a 276-unit apartment property in Hillsboro in one of Oregon’s highest-dollar multifamily transactions of 2023. NALS Apartment Homes, an multifamily investment firm based in Santa...
The final jobs report of the year confirmed the strength of the labor market in the face of a cumulative 375-basis point interest rate increase. Unemployment rates remained near 50-year lows and initial claims for unemployment were at levels consistent with a tight...
