This week’s collection of top multifamily reads is all about demand. Demographic and economic factors are keeping the long-term outlook for apartment properties positive, with 4.6 million new units needed between now and 2030 to keep pace with demand and obsolescence, according to NMHC/NAA. MPF Research brings us a look at where many of those units will rise with the latest list of the 10 metro areas with the highest construction-to-inventory ratios. While many of those markets are familiar faces, Multifamily Executive brings us some insight into some overlooked urban locations where develops might want to take a look. A conversation about multifamily is not complete without addressing affordable housing – which at 1.7% vacancy – is the tightest apartment sector. 

Photo by Samuel Foster on Unsplash

Photo by Samuel Foster on Unsplash

Long-Term Outlook for Rental Apartments Remains Positive

via National Real Estate Investor – August 24, 2017

“Developers will need to build 4.6 million new rental apartments between now and the end of 2030 just to keep up with

demand and the loss of older apartments to obsolescence, according to NMHC/NAA.”

 

Top 10 Metros for Apartment Construction Pipelines

via MPF Research – August 21, 2017

“Apartment completions in the U.S. are expected to peak in early 2018 – but there are still several metros with aggressive development pipelines.”

 

Overlooked Urban Locations Can Be Hidden Goldmines for Developers

via Multifamily Executive – August 23, 2017

“Thriving but less-saturated cities are often overlooked despite their lucrative investment options. When rents eventually plateau in the coastal markets, secondary markets like these could become the goldmines of the industry.”

 

Q2 2017 Affordable Housing Trends

via Reis – August 23, 2017

“National vacancies for Affordable Housing remained tight at 1.7% in the second quarter, with national asking rent growth rising by a strong 1.0%.”

 

How to Captivate the Renters of Tomorrow Through 21st Century Marketing Tactics

via MultifamilyBiz.com – August 21, 2017

“With modern burdens such as large student loans and a stagnant job market, younger generations of renters do not seem to be rushing towards home ownership anytime soon.”