National Multifamily Report – December 2024 - Multi-Housing News

6 days ago · The SFR market’s performance lagged multifamily at the close of 2024, with the average advertised asking rent down $7 in December to $2,141. The decline represents a 40 …

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National Multifamily Report – December 2024 - Multi-Housing News

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6 days ago · The SFR market’s performance lagged multifamily at the close of 2024, with the average advertised asking rent down $7 in December to $2,141. The decline represents a 40 …

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U.S. Multifamily MarketBeat | US | Cushman & Wakefield

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Jan 14, 2025 · Key MULTIFAMILY Takeaways For Q4 2024. 2024 was a banner year for multifamily absorption. More than 436,000 units were absorbed—a 72% increase over 2023 …

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The Multifamily Bull Case: This Week’s Data

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Dec 17, 2024 · Multifamily Starts Continue to Fall - 12/18/24 Monthly starts came in at 264,000 units, down 24.1% (84,000 units) from the revised (+22,000 units) figure from the previous …

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The Multifamily Bull Case: This Week’s Data

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Jan 27, 2025 · From Zillow’s January Rental Market Report: Multifamily rents fell 0.30% month-over-month; 40.9% of rentals on Zillow offered concessions, a new record ... Apartment …

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NORTHERN NEW JERSEY - Berkadia

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96.6% in the fourth quarter of 2024. Multifamily operators are expected to respond to improved demand with a 3.3% increase in the average effective rent to $2,723 in the fourth quarter of …

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The Largest Multifamily Starts Of December 2024

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3 days ago · Overall construction starts fell by 2% in December, down to a seasonally adjusted annual rate of $1.2 trillion, according to the latest monthly starts report from Dodge …

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North New Jersey (Newark/Jersey City) Real Estate Market Reports

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Jan 16, 2025 · Leasing activity surged in 2024, exceeding 2.4 MSF during the fourth quarter alone. This represents a 23.1% increase since 2020, marking the highest activity level in the …

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December 2024 Housing Starts: Single-Family Starts Rebounded In …

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Jan 17, 2025 · Building permits issued in December increased to 1,483,000 (SAAR). That’s 0.7% below the revised November rate and still 3.1% lower than a year ago. Housing starts …

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Key Trends Impacting Multifamily Housing In 2025

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3 days ago · Record supply in 2024 was met with robust renter demand, keeping national occupancy steady at 94.3%. This demand is driven by a combination of factors, including a …

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FAQs about National Multifamily Report – December 2024 - Multi-Housing News Coupon?

Will 2024 be a good year for the multifamily market?

While the economy avoided a recession in 2023, several headwinds remain throughout 2024 for the multifamily market including high-levels of new supply, labor market impacts from higher-for-longer interest rates, and a relatively high level of multifamily maturities coming due over the next two years. ...

Will multifamily growth return in 2024?

We expect volume growth to return in 2024, up to $370 billion to $380 billion, which is in line with 2019 volume but well below the post-pandemic years of 2021 and 2022. The multifamily market continued to perform relatively well throughout 2023 but saw growth come in weaker than historical long-run averages. ...

How did the multifamily market perform in 2023?

The multifamily market saw performance slow in 2023, brought on by the uncertainty in the economy along with a high level of new supply entering the market. Rent growth saw meager gains, while occupancy rates continued their downward trend — albeit at a much slower pace than the prior year. ...

What is the National multifamily market like?

or renters and an increasingly competitive environment for operators.The national multifamily market is in the middle of a two-year period where more than 1 million rental units will be delivered, with supply g ...

How many housing starts are there in 2024?

Housing starts increased to 1,499,000 (SAAR) in December, up 15.8% from the revised November estimate but 4.4% lower than a year ago, according to the U.S. Census Bureau. An estimated 1,364,100 housing units were started in 2024. This represents 3.9% fewer starts than in 2023. ...

How much will multifamily origination cost in 2024?

For the full year, the MBA predicts multifamily origination volume will be down nearly -40% to $285 billion. While interest rate hikes seem to be over, sentiment is we are in a higher-for-longer interest rate period. This will result in more price discovery in 2024 as buyers and sellers adjust to the current higher interest rate environment. ...