In this week’s collection of the top multifamily reads, we gain some insight into how the apartment value-add investment strategy has evolved over the course of the multifamily cycle to meet changing renter demands. Freddie Mac also provides us with some insight into how changing demographics and a persistent gap in new supply support continued multifamily rent growth. We’ll also take a deeper dive into how autonomous vehicles will impact urban development.

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Another Second Quarter Rebound Likely to Follow First Quarter Slowdown

via Fannie Mae – May 16, 2017

“For the fourth consecutive year, first quarter growth slowed from the fourth quarter, partly reflecting ongoing seasonality issues. However, incoming data suggest that consumer spending growth will pick up this quarter.”

 

Growing U.S. Home Sales No Threat to Apartment Demand

via JLL – May 16, 2017

“For-sale housing should not be regarded as an enemy to the apartment market. Not only do demographics still favor the rental market, but for-rent and for-sale housing are more complementary than competitive. Both can perform well at the same time.”

 

How Value-Add Has Changed Since The Great Recession

via Bisnow – May 16, 2017

“In the 10 years since the Great Recession, the process of value-add multifamily investing — buying a property, renovating it, raising rents, then selling for a profit — has completely changed.”

 

As Self-Driving Cars Hit the Road, Real Estate Development May Take New Direction

via Curbed – May 16, 2017

“Many believe autonomous vehicles’ potential to reshape real estate, development, and city planning will rival that of the introduction of the automobile.”

 

Multifamily: It’s All About the Fundamentals

via Freddie Mac – May 9, 2017

“Rents will continue to increase because they are principally driven by two factors: a change in demographics which favors rental housing and a persistent gap in new housing production since the 2008 housing crisis.”