Nothing, it seems, can dent the growth story that is multifamily. Despite a pipeline that is expected to peak in the second half of this year and remain elevated into 2018, Freddie Mac believes that while vacancy rates will increase, they will do so more slowly than expected. “Employment growth is expected to remain near 2016 growth levels and demand for multifamily units to stay strong due to lifestyle preferences and demographic trends,” it explains in its mid-year outlook for the category.
Indeed, forecasts of higher wage growth is expected to spur even more housing demand, it said.
Read more...Apartment Vacancy Rates Expected To Increase More Slowly Than Expected | GlobeSt.com
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