For those wondering whether multifamily’s growth will be sustainable, Yardi Matrix sees plenty of reason for bullishness. The sector is being buoyed by a series of tailwinds, including report an improving national economy, above-trend household formations by the Millennial generation and the movement of Baby Boomers into urban apartments.
“Our forecast at the beginning of the year for solid 5% rent growth seems almost too conservative now, as rents have grown by 6.2% over the first half with no slowdown in sight,” according to Yardi Matrix researchers who prepared the summer 2015 edition of the Matrix National Outlook, an analysis of market conditions. “In our view, demand for apartments will continue to be above-trend for at least the next couple of years.”
Read more...MF Will See ‘Above-Trend’ Demand - Daily News Article - GlobeSt.com