Further Slowing in Rent Growth for the U.S. Apartment Market in the Third Quarter via MPF Research

Effective rents for new leases of U.S. apartments climbed 1.0 percent during the third quarter and 3.3 percent during the 12 months ending in September, according to MPF Research, an industry-leading market intelligence division of RealPage, Inc. (NASDAQ: RP). The annual rent growth pace has slowed throughout 2012 after the rate of increase reached 4.8 percent at the end of last year. MPF Research analysts highlight the nation’s latest apartment rent growth statistics as well as other key performance indicators in a discussion at www.realpage.com/MPFQ3-2012-Report.

Annual rent growth a little over 3 percent, while slightly above the long-term historical norm, is similar to the average results posted during past periods when occupancy was sustained at strong levels, according to MPF Research. Comparable price increases registered most recently from 2005 through the middle of 2008, and before that in the middle to late 1990s.

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