Sentences with phrase «multifamily housing continues»
Nationwide, NOAH stock is under tremendous market pressure as the demand for market - rate multifamily housing continues and investors in search of value - add opportunities convert NOAH to market - rate or luxury product.
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«Furthermore, multifamily housing continues to be the top - performing sector with current rental demand exceeding supply — leading to rent growth that is easily outpacing inflation in many metro areas throughout the country.»
«Disappointing economic growth in recent months means a slower recovery for most of the commercial real estate sectors, although multifamily housing continues to benefit from pent - up demand resulting from an abnormal slowdown in household formation in recent years,» he said.
Not exact matches
According to Edelheit, the «pendulum» will continue to swing upward, especially for the multifamily and seniors housing sectors, followed by industrial.
When the single - housing market's bubble burst, rental housing units immediately became in demand, and thanks to the economy's gradual recovery and the arrival of the Millennial generation, who eschew single - housing in favor of renting in urban live / work / play neighborhoods, multifamily housing has continued to impress investors.
January's solid 10 % rise in single - family housing construction in will help tame home price growth, and the increase in multifamily units should continue to help slow rent growth.
With a lack of significant new supply in the pipeline, per - unit housing will continue to be primarily influenced by forces in the multifamily market.
In the year ahead, demand for multifamily properties in urban areas and in the affordable housing sector will continue increasing, while appetite for luxury condos may slow down, predicts Byron Carlock, Jr., U.S real estate practice leader with...
All in all, 2018 should continue the positive trends we saw in multifamily housing in 2017.
Multifamily housing starts are likely to exhibit continued volatility as it finds its sustainable level of production between 350 thousand and 400 thousand units annually.
«This rise in single - family housing construction will help tame home price growth, and the increase in multifamily units should continue to help slow rent growth.»
Tallahassee has continued to grow as a prime location for multifamily development, with Waypoint Residential recently purchasing a 288 - unit student housing property in the city, which will be converted into traditional apartments.
«As the population continues to surge in South Florida and housing affordability poses a real issue, the multifamily sector will become increasingly relevant in supporting our region's growth.»
«Today's report is quite positive in that it shows continued upward movement in single - family housing production and permitting activity for both single - and multifamily units,» notes NAHB Chief Economist David Crowe.
We expect this growing population, an expected 1.9 million additional echo boomers from 2012 to 2014, and their continued job recovery will likely support long - term demand for multifamily housing as the economy recovers.
With the exception of multifamily housing, which will benefit from the continuing slack in home sales, all major sectors are expected to see increasing vacancies, negative rent growth, and generally weak absorption in 2010.
«Realtors ® also urge continued support for the Federal Housing Administration's single - and multifamily mortgage insurance programs.
The OCC continued to single out multifamily lending this year, saying that bank financial data from 2016 indicated growth in commercial real estate lending, «led by the multifamily housing sector and centered in the construction of luxury apartments primarily in the Northeastern and Western regions of the United States.»
Santa Clarita's recent growth continues to surge, according to JPI, a leader in the development of Class A multifamily housing.
The buyer, aware of Phoenix's current multifamily housing deficit nearing 32,000 units by 2020, hopes to capitalize on this trend, as the workforce housing demand continues to grow in the submarket, with no new workforce housing in the pipeline,» said Alon Shnitzer, senior managing partner at ABI and lead broker for this transaction, in a prepared statement.