Multifamily starts and vacancy rates indicate strong market

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Executed leases for the 28,000 square foot former hhgregg vacancy at Centre at Hagerstown in. we are excited to be allocating significant capital into value-add multifamily, which remains.

Right now, the state-wide vacancy rate is 2.7 percent.. For apartments, a vacancy rate below 5 percent indicates a tight rental market where rents can soar. decrease in new home starts – it's other factors, including the increasing difficulty for. Interest rates are rising as the economy remains strong, while.

A reading of 42 is seen as a healthy number for the multifamily market. "Multifamily builders and developers are reporting solid demand around the country, as shown in the vacancy rate for the first quarter," said Steve Lawson, president of The Lawson Companies in Virginia Beach, Va., and chairman of NAHB’s Multifamily Council.

Strong fundamentals have propelled the multifamily market’s growth in 2017. Will it continue in the years to come?. How Strong Is the Multifamily Market?. Vacancy rates remain relatively flat.

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The MPI measures builder and developer sentiment about current conditions in the apartment and condo market on a scale of 0 to 100. The index and all of its components are scaled so that a number.

Existing-home sales continue to slip You’ll recall I cleared up confusion about the Pending Home Sales pace as well. Thus, there is no meaningful change in housing demand; it is just taking longer to close deals. The anomaly may continue.

while the multifamily vacancy rate increased from 7.8 per-. on housing starts in the fourth quarter, as homes that are. relatively strong rental market during the recovery period, index indicates that home prices are 12.6 percent above.

RENTAL MARKET CONDITIONS Rent Rising rents, low and declining vacancy rates, and double-digit growth in multifamily construction all point to strong rental markets. multifamily property prices are also soaring, attracting new capital from investors and private lenders. For renter households, however, increasingly tight market conditions have.

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16000 jobs. Office and Retail absorption continues and vacancy and lease rates are strengthening.. tight with only 2.2 months of inventory, and limited new housing starts. The Multi-Family sector continues to benefit from a strong local market as well as a tight labor. industries continue to show signs of strong growth.

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Multi-Family Residential Markets: Too Much Housing? Springdale reported the lowest vacancy rate for multifamily real estate with 1.0 percent in the second half of 2015, up from 0.9 percent in the first half of 2015. Bentonville and Siloam springs reported vacancy rates of 2.0 percent and 2.7 percent, respectively, while Fayetteville’s rate was 3.6 percent.