Market Insights & Education

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Power Your Portfolio

Explore Concepts, Research, & Market Insights

All Categories

logos
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Market Insights

February 6, 2023

8 min read

Multifamily Market Report: Q1 2023

Inflation is up. Interest rates are rising. The stock market is down. Since...

Demand in our target markets is fueled by a continuing gap in the supply of multifamily rental housing.

Based on research conducted by Hoyt Advisory Services and Eigen10 Advisors, LLC, commissioned by NMHC and NAA, the data includes an estimate of the future demand for apartments in the United States.

 

U.S. Needs 4.3M More Apartments by 2035 to Address Demand, Deficit, and Affordability

Key findings:

  • Shortage of 600,000 apartment homes. The 4.3 million apartment homes needed includs an existing 600,000 apartment home deficit because of underbuilding due in large part to the 2008 financial crisis.
  • Loss of affordable units. The number of affordable units (those with rents less than $1,000 per month) declined by 4.7 million from 2015 to 2020.
  • Homeownership. Apartment demand also factors in a projected 3.8% increase in the homeownership rate.
  • Immigration. Immigration is a significant driver of apartment demand, and levels tapered before the pandemic and have remained low. A reversal of this trend would significantly increase apartment demand.
  • Texas, Florida, and California. The three states account for 40% of future demand and will require 1.5 million new apartments by 2035.

“The U.S. has undergone tremendously difficult conditionsthat have fundamentally altered our nation’s demographics, but one thingremains certain—there is a need and demand for more rental housing,” said NAAPresident and CEO Bob Pinnegar. “Put simply, we do not have enough housing. TheU.S. must build 3.7 million new apartments just to meet future demand, on topof a 600,000-unit deficit and loss of 4.7 million affordable apartment homes.It is time to reverse course after decades of underbuilding, and instead pursueresponsible and sustainable policies that will not only meet this demand butaddress the missing middle and loss of affordable housing stock.”

Trending

December 6, 2022

3 min video

How To Structure A Real Estate Syndication

In the complex world of real estate syndication, understanding the intricate...

In the complex world of real estate syndication, understanding the intricate structures of Limited Liability Companies (LLCs) is key to maximizing your investment's potential. As a real estate syndicator or investor, grasping the nuances of these LLCs can provide significant advantages, from tax benefits to streamlined management. Let's break down the four critical LLCs commonly used in real estate syndication and their roles in the investment process.

scroll-arrow
Market Insights
Case Studies
Concepts
Trending