We start off with a look at demand and growth within the youngest and oldest renter cohorts in this week’s collection of the top multifamily reads. First, Axiometrics walks us through the relationship between student enrollment and student housing demand. Next, National Real Estate Investor reveals survey results from its fourth annual Seniors Housing Market Study, which shows a positive outlook for seniors housing across the board. We also get a closer look at a property subset – the garden-style community – which has seen the greatest NOI increase among multifamily asset types in 2016. Two stories examining macro economic and demographic trends round off this week’s stories – one from Fannie Mae and another from the National Multifamily Housing Council.

Photo by Mel Baylon on Unsplash

Photo by Mel Baylon on Unsplash

Top 2017 Enrollment-Growth Schools and Student Housing Demand

via Axiometrics – August 10, 2017

“Enrollment growth is the main driver of student housing demand, as we mentioned a few weeks ago. The impact and volatility of growth varies by type and size of university, along with other fundamentals.”

 

More Growth Ahead for Seniors Housing

via NREI – August 16, 2017

“Exclusive survey results from the fourth annual NREI / NIC Seniors Housing Market Study indicate a more positive outlook across the board on questions related to improving fundamentals, access to capital and transaction pipeline.”

 

Garden Apartments Have Highest NOI

via Multifamily Executive – August 11, 2017

“The net operating income (NOI) for garden-style apartment buildings rose by 5.3% to $7.13 per square foot nationwide in 2016, the highest percentage increase in NOI across all apartment types.”

 

Upside Offsets Downside, Keeps Economic Growth on Pace

Fannie Mae – August 17, 2017

“Consumer spending growth might not moderate as much as we have accounted for in our forecast. A build-up in inventory also should be positive for growth this quarter and nonresidential investment in structures will likely continue to improve as oil prices stabilize.”

 

Market Performance Strong Despite Some Mixed Signals

via National Multifamily Housing Council – August 15, 2017

“Smaller properties (those with fewer than 50 units) comprise a sizeable portion of the overall apartment stock, but new construction tends to be of larger properties.”