Multifamily starts and vacancy rates indicate strong market

 · The Tucson multifamily market experienced an upswing in the first quarter of 2017, marked by tightening vacancy and rising rental rates. To view the full Colliers International report click HERE. Apartment vacancy fell 40 basis points in the first quarter, reaching 6.5 percent. The strong tucson market has had below seven-percent vacancy for each

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Starts also saw a strong lift from the multifamily sector. Overall, starts were 9.3% higher on a monthly basis and up 24.3% year-over-year, with an annual rate of 685,000.

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Vacancy Rate: The vacancy rate is the percentage of all available units in a rental property, such as a hotel or apartment complex, that are vacant or unoccupied at a particular time. It is the.

Multifamily Momentum Will Continue Want to get a jump-start on upcoming deals? Meet the major Chicago players at one of our upcoming events! The construction boom in Chicago’s multifamily sector has. Chicago’s urban vacancy rate.

Traditionally, the MPI and MVI have been strong indicators of U.S. Census figures for multifamily starts and vacancy rates, providing information on likely movement in the Census figures one to.

Housing Price Declines Spread to 38 States in Feburary: Report PDF The Virginia Tech- USDA Forest Service Housing Commentary. – The weather in many regions of the United States in February was bleak. housing data reported for February mirrored the weather – dreary. However, it is a winter month and past history suggests February has not been a strong month for construction, or sales. Total and single-family starts declined substantially on a monthly and a yearly bases.

The multifamily rental market had another fantastic year in 2015. Demand kept pace with new supply, despite a large wave of new properties delivered to the market. Vacancy rates barely budged and rent grew at the highest rate since 2000. The market’s extended period of growth confirms that rental housing is a growing segment of the

The multifamily market ended 2017 stronger than anticipated – vacancy rates came in lower than forecasted and rents increased more than expected. That put 2018 in a good position as completions are expected to be higher – albeit only modestly – and absorptions remain strong but will fall short of the high level of new supply.

GREATER PHOENIX | MULTIFAMILY Q1 2017 strong renter demand drives Vacancy Lower Key Takeaways > The Greater Phoenix multifamily market posted a strong start to 2017. During the first quarter vacancy dipped, rents continued to push higher, and sales velocity remained relatively consistent. > Vacancy ended the first quarter at 5.6 percent, down.

 · Sunrise Management & Consulting today announced the release of its Spring 2017 multifamily rental market report. Data culled from over 1,900 apartment communities representing over 300,000 units shows rents are starting to normalize across most of the Northeast.