US Housing

US Housing Market Update

11 January, 2018

Will apartment rental growth slow further in 2018?

A multifamily construction boom during 2015 and 2016 has boosted apartment vacancy rates, and pushed rental growth to a six-year low. But developers are already scaling back multifamily construction, and absorption rates have stabilised. With rental demand being supported by a lack of homes for sale and tight credit conditions, we doubt apartment rental growth will slow much further this year.

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