{"id":4353,"date":"2022-07-20T05:58:22","date_gmt":"2022-07-20T05:58:22","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=4353"},"modified":"2023-09-13T09:06:24","modified_gmt":"2023-09-13T09:06:24","slug":"u-s-multifamily-performance-expected-to-sustain-economic-turbulence","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/u-s-multifamily-performance-expected-to-sustain-economic-turbulence\/","title":{"rendered":"U.S. Multifamily Performance Expected to Sustain Economic Turbulence"},"content":{"rendered":"\n

Sector is at an inflection point, states new Yardi Matrix mid-year outlook<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., July 20, 2022<\/strong> \u2013 The national outlook for the multifamily sector remains positive through the end of 2022, with asking rent performance expected to have increased by around eight percent by year\u2019s end.<\/p>\n\n\n\n

That\u2019s according to the latest U.S. Multifamily Outlook<\/a> report released today by Yardi\u00ae Matrix, a leading provider of data and analysis on most real estate verticals.<\/p>\n\n\n\n

The report examines the state of the economy, including ongoing inflation and recession concerns, but concludes that though rent growth is slowing down, gains are expected to continue.<\/p>\n\n\n\n

Average national asking rents increased 5.7 percent in the first six months of the year. Year-over-year rent growth at the year\u2019s midpoint was 13.7 percent, down 100 basis points from the end of 2021 and 150 basis points from the February peak of 15.2 percent.<\/p>\n\n\n\n

\u201cWhile growth is moderating, we expect gains will continue to remain well above trend, with average asking rents increasing by 7.9 percent nationally by the end of 2022,\u201d states the forecast. However, the increases are far from 2021\u2019s record 14.7 percent increase.<\/p>\n\n\n\n

Property fundamentals continue to be exceptional, with demand driven by robust household formation, job growth, migration to suburbs and secondary markets, and the inaffordability of single-family homes for many would-be buyers.<\/p>\n\n\n\n

More than 900,000 new multifamily units are under construction nationally, with 420,000 expected to be delivered this year. Gain more insights about expectations for the remaining months of 2022 in the latest Matrix Multifamily Outlook<\/a>.<\/p>\n\n\n\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n\n\n\n

About Yardi<\/strong><\/p>\n\n\n\n

Yardi\u00ae develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. With 8,000 employees, Yardi is working with our clients globally to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Sector is at an inflection point, states new Yardi Matrix mid-year outlook SANTA BARBARA, Calif., July 20, 2022 \u2013 The national outlook for the multifamily sector remains positive through the end of 2022, with asking rent performance expected to have increased by around eight percent by year\u2019s end. That\u2019s according to the latest U.S. Multifamily […]<\/p>\n","protected":false},"author":650,"featured_media":4354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[444],"class_list":["post-4353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2022"],"yoast_head":"\nU.S. Multifamily Performance Expected to Sustain Economic Turbulence - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"The national outlook for the multifamily sector remains positive through the end of 2022, with asking rent performance expected to have increased by around eight percent by year\u2019s end.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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