Apartment Market Pulse

Apartment Market Pulse Fall 2022

By NAA Research | November, 2022 | Updated November, 2022

U.S. Apartment Market Since 2021, apartment demand had been at record levels as people left cities for suburbs; however, in more recent months, there has been a sudden slowdown in apartment demand because of a halt in new household formation. As the economy becomes more uncertain due to inflation…

Summer 2022 Apartment Market Pulse

By NAA Research | July, 2022 | Updated July, 2022

U.S. Apartment Market While inflation was red-hot during the second quarter, the apartment industry showed signs of cooling. Demand for apartments dulled as Americans fear a recession is on the horizon due to highly elevated inflation, rising interest rates, supply chain challenges and Russia’s…

Spring 2022 Apartment Market Pulse

April, 2022 | Updated April, 2022

Another Eye-Popping Quarter for Apartments U.S. Apartment Market The apartment market sustained its growth trajectory in the first quarter of 2022 despite inflationary concerns and persistent supply chain pressures. Employment and wage growth further strengthened the need for rental housing, even…

Winter 2022 Apartment Market Pulse

January, 2022 | Updated January, 2022

Closing Out an Extraordinary Year for Apartments U.S. Apartment Market The apartment sector concluded a historical year with a final strong quarterly performance. Although the omicron variant has caused a surge in COVID-19 cases and disrupted the economy, apartment fundamentals persevered. Robust…

Fall 2021 Apartment Market Pulse

November, 2021 | Updated November, 2021

Delta Variant Weighs on Economy, Can’t Stop Apartment Demand U.S. Apartment Market Throughout the third quarter, rapid recovery in the apartment market continued to prevail with surging momentum. Limited available apartment stock continued to fuel rent growth. According to REIS, the average…

Summer 2021 Apartment Market Pulse

July, 2021 | Updated August, 2021

Pent-Up Demand Exceeds Expectations U.S. Apartment Market During the second quarter, the apartment industry experienced booming positive metrics across the board. Unceasing multifamily demand in conjunction with supply constraints in many markets resulted in record-setting rent growth. After a…

Optimism Springs Eternal

June, 2021 | Updated June, 2021

U.S. Apartment Market Rising rental rates and rampant leasing activity during Q1 2021 indicated that the multifamily housing market is turning a corner. Pent-up demand driven by employment growth and the widespread distribution of the coronavirus vaccine was evident. Increasingly, more renters are…

Winter 2021: The Resilient Apartment Sector Enters an Uncertain Year

February, 2021 | Updated February, 2021

U.S. Apartment Market After exhibiting signs of revitalization during Q3, the apartment market ended 2020 with a mixed performance. Both occupancy and rents descended, yet absorption stood closer to pre-pandemic levels. Difficulties from the coronavirus pandemic and typical seasonality challenged…

Fall 2020: Weathering the Storm Amid Uncertainty

December, 2020 | Updated January, 2021

U.S. Apartment Market Although apartment fundamentals in the second quarter revealed the economic effects of the Coronavirus pandemic, solid demand during the third quarter signaled the beginning of a recovery. According to RealPage, national occupancy fell by 0.6 percentage points year-over-year,…

Summer 2020: Weathering the Storm Amid Uncertainty

August, 2020 | Updated August, 2021

U.S. Apartment Market During the second quarter, the COVID-19 pandemic significantly impacted key apartment fundamentals as a result of stay-at-home orders and historical unemployment rates. Nonetheless, despite rapid changes to the multifamily housing sector, the downturn is expected to be short-…