This week’s roundup highlights the top multifamily markets for rent growth, hot topics from the IMN SFR Forum (West) and trends in “Millennial counties.” First, Multi-Housing News ranks the apartment markets experiencing the highest rent increases, with secondary and tertiary metros dominating the list. Next, Arbor’s Chatter blog offers an audio interview with single-family rental experts who discussed their major takeaways from the recent IMN SFR Forum (West) in Scottsdale, AZ. NAHB analyzes “Millennial counties,” which are defined as those where at least 26% of the total population is of the Millennial generation, noting that while this cohort is a critical source of housing demand in these areas, construction activity has not kept up with the housing needs. Then, another Arbor Chatter blog examines the growth of small multifamily properties due to their significant role as a provider of more affordable housing options. Finally, MBA releases its third-quarter report on commercial and multifamily mortgages, finding that delinquencies remained low for nearly every capital source.
Top 5 Multifamily Markets for Rent Growth
Multi-Housing News – November 29
“Secondary and tertiary markets continue to dominate the ranking, while only two large metros made the cut.”
Audio Q&A: IMN SFR Forum (West) Highlights
Arbor Chatter – December 6
“Review the latest developments in the single-family rental market, with highlights from Day One of the IMN SFR Forum (West) from Scottsdale, AZ.”
Millennial Areas Front and Center to Housing Affordability Challenges
NAHB – December 3
“Construction growth rates for single-family and multifamily home building in these regions, “Millennial areas,” are generally lower than the remaining 75% of counties.”
Small Multifamily Becoming Largest Rental Asset Class in the U.S.
Arbor Chatter – December 3
“As housing affordability remains a pressing concern nationwide, small multifamily plays a significant role in providing a more reasonably priced housing option. As a result, the asset class’s market share is expanding.”
3Q Commercial/Multifamily Mortgage Delinquencies Stay Low
MBA – December 5, 2019
“Delinquency rates are at or near record lows for nearly every capital source. Solid property fundamentals, strong property values and low interest rates are all helping to keep delinquencies down.”