Up for Growth, a cross-sector member network committed to solving the nation’s housing shortage and affordability crisis through data-driven research and evidence-based policy, has found that housing underproduction in Arizona reached a housing shortage of 120,306 homes in 2021, earning a ninth-place ranking among U.S. states for the severity of its housing deficit. Nationwide housing underproduction reached 3.9 million homes in 2021, a 3 percent jump from 2019, according to Housing Underproduction in the U.S. 2023, a longitudinal study of housing trends. The report also shows a

One of the fastest-growing segments of the U.S. housing market? According to recent research from Berkadia, it’s built-to-rent single-family homes, homes that look like traditional single-family residences but are built to be rented, not owned. A new report from Berkadia, Single-Family Rental & Build-to-Rent: The Emergence of a Leading Class, finds that developers are boosting the supply of single-family housing in the United States that is built for renters, not owners. And Berkadia’s researchers only

When considering the choice between renting and buying today, the housing market balance continues to tip in favor of renters amid an uptick in multifamily construction, reveals Realtor.com’s September Rental Report. Meanwhile, compared with pre-pandemic years, faster absorption rates of newly constructed apartments within the first three months after completion signal strong renter demand, particularly for lower-priced units. “As rents ease and both home prices and mortgage rates continue to climb, it’s become more economical

High home sales prices and mortgage interest rates are squeezing out first-time homebuyers from entering the market, especially as incomes have not kept up, housing experts say. In 2020, the housing market was in a frenzy. High numbers of homes were selling, agents’ inventories were low and offers were frequently being made over list prices, said Jason Giarrizzo, a realtor with West USA Realty, who has been in the industry for 31 years. Coming out

LOS ANGELES—With interest rates skyrocketing, and a looming recession at our doorstep, the dream of owning a home seems further out of reach than ever before, however, these economic shifts have also further sealed the success of the single-family BTR Market. According to insights shared during a single-family panel held on a Monday afternoon at the GlobeSt. Multifamily Fall Conference, the BTR market is brimming with abundant opportunities. Trevor Koskovich, president of Northmarq and a

With strong fundamentals, new construction starts and a sizeable amount of capital on the sidelines, “now is the right time to buy” in multifamily, according to John Sebree, senior vice president and national director, Multi Housing Division, at Marcus & Millichap. Speaking in a recent news video by his firm, Sebree said, “Occupancy remains very high, rent growth continues to be very strong, and we’re dealing with a housing shortage in this country and there

The domestic migration to the suburbs and beyond during the pandemic brought about more than just a change in location. Apartment rents were also on the rise in suburban areas. Recently released data from the U.S. Census Bureau shows that suburbs of major cities, including those in counties with large colleges and universities, experienced significant population growth in the past year. Particularly noteworthy is the substantial growth from 2021 in counties surrounding major cities like

Like many investors, your clients may have concerns about the current economic landscape. Persistent inflation has been frustrating, and higher interest rates have increased the cost of borrowing. Many forecasters have predicted a recession in late 2023 or in 2024, an economic downturn that would surely impact investment portfolios. Clients may be asking questions (even if they’re not asking you), wondering if they should be making adjustments to their portfolios. Preparing clients for the three

Higher interest rates and economic uncertainty continue to slow multifamily transactions. “The speed and scale of the Fed rate hikes is unprecedented, which has created such volatility. We’re not going to see transactions occurring until we have a consistent cost of capital,” said Mona Carlton, senior managing director, capital markets, at JLL, during the Multifamily Executive Conference at the end of September. “In April and May, the 10-year Treasury stabilized in the 3.5% range, and

As the world economy navigates the challenges posed by rising interest rates, multifamily housing has emerged as an increasingly popular choice for investors and renters alike. This article delves into the reasons behind the heightened demand for multifamily housing in such an environment. CRED iQ’s research team dug into the data to see if sentiments have evolved. When examining different metropolitan statistical area (MSA) tiers, we’ve noticed that Fannie Mae (FNMA) originations have remained relatively