Apartment Housing Outlook
2024 Apartment Housing Outlook
By Paula Munger | | Updated
The year 2023 was one of ups and downs for the U.S. economy. By most measures, and certainly official ones, the U.S. did not slide into a recession. Growth slowed then accelerated, the labor market cooled but stayed hot, inflationary pressures eased but stayed elevated. High interest rates were…
2023 Apartment Housing Outlook
By Paula Munger | | Updated
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 labor market. Although jobs were…
2022 Apartment Housing Outlook
By Paula Munger | | Updated
The delta variant of the coronavirus threw the U.S. economy for a loop during the third quarter, but by early December, signs that the recovery was back on track were broad-based. Job growth for the year averaged 555,000 jobs per month through November; port traffic began to ease; oil prices were…
2021 Apartment Housing Outlook
| Updated
The year 2020 was unlike any other in modern history, marked not only by a global health crisis but social unrest, a contentious Presidential election and a recession that drew comparisons to the Great Depression. As the year came to a close, optimism about impending vaccine distribution and…
2020 Apartment Housing Outlook
| Updated
Slowing global growth and uncertainties surrounding trade wars and tariffs held businesses at bay in 2019 in terms of spending, but consumers stepped in to prop up economic activity. According to Moody’s Analytics, households have contributed approximately half a percentage point to GDP growth over…