In this week’s news and information, Arbor Realty Trust released its Q3 2020 Single-Family Investment Trends Report, which provides exclusive analysis showing the SFR sector well positioned for continued growth through the end of the pandemic. We also provide an infographic snapshot reflecting how multifamily is also demonstrating resiliency while COVID-19 remains a part of the economic landscape. In the third article, Arbor covers a RealPage webinar, in which their economists provide an optimistic fall multifamily market update. Next, RealPage looks at data showing that apartment renters are continuing to renew leases at historically high levels across most of the country, with the exception of coastal gateway cities. Finally, our SFR report caught the attention of GlobeSt. The publication highlighted our research, noting informative data points such as SFR’s occupancy reaching generational records, creating upward pressure for rents.
Q3 2020 Single-Family Rental Investment Trends Report
Arbor Realty Trust – November 10
“SFR’s favorable countercyclical profile has combined with a confluence of demographic and migration factors, boosting tenant demand and retention.”
Small Multifamily Investment Snapshot — Q3 2020
Arbor Chatter – November 10
“As measured by the Arbor Small Multifamily Price Index, small multifamily prices stabilized in the third quarter of 2020, up 1.3% from the second quarter and 0.1% from one year ago.”
Economists Anticipate Strong Apartment Market
Arbor Chatter – November 9
“Although leasing slows during winter months, RealPage market analyst, Adam Couch, opined that multifamily occupancy will remain solid relative to long-term norms and at a higher level than in the last recession.”
Apartment Resident Retention Rates Hold or Tighten in Most Markets
RealPage – November 11
“Resident retention rates held roughly steady or improved in 31 of the nation’s 50 largest metro areas in October 2020 versus October 2019. Most major metros in the Sun Belt, Mountain West and Midwest also recorded steady to improving retention.”
Single-Family Rentals Are Having A Moment
GlobeSt – November 11
“The pandemic could have either disrupted the single-family housing momentum by hampering rents and migration, or—as it actually happened—boosted outward migration and demand for single-family homes.”