According to forecasts by Marcus & Millichap, 210,000 units will be completed in 2015 in major metropolitan areas, with average effective rents of $1,219 and average vacancy rates of 4.8 percent. Average price per unit sold in 2014 is estimated at $121,231.
Growth in housing starts of buildings with five or more units started 2015 on a strong note, according to the National Association of Home Builders (NAHB).
Read more...APARTMENT MARKET STATISTICS: May 2015 | Multi-Housing News Online
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