Q3 2016: Multifamily Construction on the Rise

Crane and highrise construction site

As we closeout 2016, it is important for multifamily investors to look towards 2017 and the overall housing market forecast. This post examines how multifamily development fits into the overall residential construction market. While all signs are pointing to a strong year for apartment deliveries in 2017, the pipeline is heavily weighted towards highly amenitized properties in the urban core. This presents an opportunity to small apartment owners.

The National Association of Home Builders’ quarterly Multifamily Market Survey, for instance, shows that its members are feeling more optimistic about multifamily construction this quarter across the board.

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