RealPage® Reports Robust Apartment Demand and Occupancy, While the Rent Growth Pace Cools Mildly via Business Wire

Near-record demand for rental apartments registered in 2016, according to rental housing technology and analytics firm RealPage, Inc. (NASDAQ: RP). In turn, occupancy remained tight, despite rising numbers of completions. The rent growth pace is slowing a little, but pricing power remains above the historical norm.

“The apartment sector’s winning streak has run seven full years so far,” RealPage chief economist Greg Willett said. “Job production continues at solid levels, encouraging new household formation. While apartment construction is substantial, significant building is justified by the very strong demand tallies.”

Read more...RealPage® Reports Robust Apartment Demand and Occupancy, While the Rent Growth Pace Cools Mildly | Business Wire