Weekly Roundup: December 15, 2017

Trending locations for multifamily developments, and the characteristics of candidates who are likely to rent, are analyzed throughout this week’s selection of industry news pieces. First, National Real Estate Investor covers multifamily in suburban submarkets, and how these suburban locations are accounting for most of the inventory’s growth. Next, Axiometrics explores how the apartment market is benefitting from the growing number of young adults who are delaying marriage. The National Apartment Association speaks to how amenities will continue to evolve to meet the complex social needs of residents in 2018. Then, MPF Research identifies the U.S. metro markets that continue to lead the way in issuing multifamily permits. Finally, CNBC delves into the significant influence of baby boomers on rental growth, and the reasons behind their choice to rent.  

Has the Multifamily Market Growth Been Stronger in Urban or Suburban Settings?

NREI – Dec. 12

“Few recognize that the bulk of the apartment inventory is located in suburban submarkets, either within the city limits or outside.”

Marriage, Family Household Statistics Could Help Explain Propensity to Rent

Axiometrics – Dec. 12

“One reason commonly thought to contribute to the increased propensity to rent among millennials is the fact that many young adults are choosing to marry later in life, delaying combining households and the lifestyle that comes with it.”

Apartment CEOs Pick the Top Amenities for 2018

NAA – Dec. 11

“Offices are in and tennis courts are out as developers look to build places where residents can “want to be by themselves with others.”

Metro Leaderboard for Annual Permits Remains Largely Unchanged in October

MPF Research – Dec. 11

“The latest permits data shows national permit totals are plateauing. According to the U.S. Census Bureau, local governments across the country approved 416,000 units in the year-ending October 2017.”

Older, Wealthier Americans are the New Renters

CNBC – Dec. 14

“The number of higher-income rental households has doubled in the last decade, according to a new report from Harvard’s Joint Center for Housing Studies, and that trend will likely increase in the coming years as more baby boomers downsize.”

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