The multi-housing sector continues to be in the best shape of all real estate, affirmed panelists at a webinar, hosted by Humphreys & Partners Architects LP, yesterday.
At the presentation, “2012 Kick-Off Webinar for Apartment Development,” Greg Willett, vice president, Research & Analysis-MPF Research, highlighted some fourth-quarter numbers.
For the year ahead, he noted, “there are some vulnerabilities still out there and we don’t want to ignore those, but the outlook and worst-case scenario is good and the best-case is spectacular.”
He predicts that the revenue change for the year ahead to be 5 percent, with the majority stemming from rent growth (4.5 percent).
Read more...MARKET SNAPSHOT: 2012 Predictions Indicate that Class B Product Will Play Bigger Role via MHNonline
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