This week’s roundup offers insights on the nation’s top markets for multifamily investment, renter preferences and how climate risk impacts real estate. First, Arbor’s Chatter blog releases its 2019 Top U.S. Markets for Large Multifamily Investment Report, which ranks the top 50 metros based on investment growth prospects and how lending activity has shifted within these cities. Next, RealPage reports that Dallas replaced New York as the national leader for job growth, adding 99,500 jobs in the 12-months ending in September. Zumper discusses the results of its 2019 State of the American Renter report, which surveyed more than 10,000 people and found that one in three respondents didn’t believe the “American dream” involves homeownership. Then, Commercial Property Executive takes a look at where climate risk could have the most significant impact on commercial properties, with New York City being among the most vulnerable. Finally, NREI notes that while developers are on track to deliver 100,000 new or renovated affordable units this year, the amount of new supply is still not enough to keep up with demand.

2019 Top U.S. Markets for Large Multifamily Investment Report

Arbor Chatter – October 22

“This annual report takes an in-depth look at how the landscape for large multifamily investment has evolved over the past year, and where demand growth is forecasted in the year ahead in the top U.S. markets.”

Dallas Supplants New York as Job Gains Leader in September

RealPage – October 23

“Despite the month-over-month slowdown, New York’s hiring activity was still good enough for #2 nationally in September, ahead of Houston’s 82,800 jobs added.”

2019 State of the American Renter: Homeownership & the American Dream

Zumper – October 23

“As people age, the general trend is that they believe less and less that owning a home is part of the American Dream. It seems, in general, that they are becoming more realistic about what they want in terms of homeowner responsibilities and paying for things like property taxes and down payments.”

Where Climate Risk is the Highest for Real Estate

CPE – October 23

“For investors, the impact of climate-related events can range from increased operational expenses—like damage to a property and repair costs—to higher insurance premiums, decreased asset values and in some cases, total loss of a property.”

The Market Is Still Not Seeing Enough Affordable and Workforce Housing

NREI – October 22

“More than 10 million households nationwide pay more than half of their income on rent. That leaves too little money for other expenses, including health care, transportation and nutritious food.”