On a metro level, there were a few standout performers with household and
apartment supply growth greater than 10 %.
Not exact matches
Airbnb is introducing its first branded
apartment complex in Florida, a state where strict regulations threaten its
growth and restrict its
supply of available rooms.
In recent years, China single - handedly accounted for about 15 per cent of global GDP and half of global
growth — namely by sucking up the world's
supplies of raw materials and using them to build everything from high - speed railways to forests of
apartment towers to house its 1.3 billion people.
The Seattle fight gives contenders, which stretch from Los Angeles to Nashville to Newark, a taste of how a fight can play out between a city and its most successful employer, whose relentless
growth has overtaken the
supply of homes and
apartments.
Simply put, the flood of capital chasing urban, luxury
apartments has created a surge in new
supply that — in turn — creates challenges for investors to achieve pro forma
growth.
Experts thought all the new
supply would stop the fast
growth in
apartment rents.
«The growing
supply of new
apartments, primarily in the Class A space, appears to have finally reached a level to slow the historically high rent
growth,» said NMHC Chief Economist Mark Obrinsky in a statement on the survey.
Markedly, 84 percent of respondents to the survey reported rent
growth for Class B and C
apartments as «much stronger» or «somewhat stronger» than that of Class A
apartments, which, as Obrinsky noted, have seen higher
supply.
MPF Research reports that the U.S.
apartment sector continues to post strong fundamentals even as new
supply levels ramp up — with occupancy registering around 95 % and annual rent
growth around 3 % for the seventh consecutive quarter.
Axiometrics analysts attributed the weaker rental market in Chicago to slow job
growth, which is suppressing
apartment demand at a time when new construction has produced a huge
supply of rental units.
Apartment occupancy rates and rent
growth levels ticked up in 3rd quarter 2013 in the nation's core 100 metros — keeping the industry in strong shape in advance of the oncoming pickup in
supply.
Wagner, an analyst with Green Street's residential research team, said he does not expect a material slowdown in
supply growth in 2018 for the
apartment sector.
Supply appears to be a problem that will slow down the rental
growth as well because new
apartment completions are currently expected to grow, 82,000 to 102,000, each quarter — that's almost 25 % increase in new construction every quarter.
In the face of moderating job
growth... despite the massive amount of
supply identified for delivery in 2017... even though several large metros are expected to remain in negative rent -
growth territory... Axiometrics
apartment market data is resulting in a forecast that shows annual effective rent
growth in 2017 matching the long - term average.
The promise of strong rent
growth and robust investment activity moves San Francisco up seven spots to lead the nation in Marcus & Millichap's annual National
Apartment Index (NAI), a snapshot analysis that ranks 43 apartment markets based on a series of 12 - month forward - looking supply and demand in
Apartment Index (NAI), a snapshot analysis that ranks 43
apartment markets based on a series of 12 - month forward - looking supply and demand in
apartment markets based on a series of 12 - month forward - looking
supply and demand indicators.
In contrast, an excess
supply of new
apartments under construction is easing pressure on rent
growth.
This submarket's inventory
growth rate since 2012 is 71.0 %, including new
apartment supply plus read more
Riverside consists of three
apartment buildings on 28 acres of land, which presents us with an opportunity for ground - up development of approximately 550 units in a submarket with limited planned new
supply and strong job
growth driven by major employers such as the USPTO, NSF and MGM National Harbor.
A heavy new
supply of
apartments has put a damper on rent
growth, up 1.1 percent year - over-year through August, trailing the 2.4 percent national average.
MPF Research believes that job
growth in 2015 will continue to support long - term
apartment supply expansion and revenue
growth for the nation's largest metros.
Yet even with huge employment
growth, household
growth is still constrained by limited availability of
apartment supply.
Los Angeles is up 11 places in the firm's ranking from one year ago based on a forecast for further tightening in
apartment vacancy and minimal
supply growth.
Senior managers with AvalonBay Communities Inc., a Washington, D.C. - based
apartment developer, say demand for space continues to rise, propelled by job
growth, troubles in the housing market and lack of new
supply.