WRE News September 13, 2023
Buyer
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has released the new report “Pullback in Multifamily Construction Starts.”
According to the company, the new report offers the latest apartment construction research and analysis, including key findings such as:
“As access to development capital across the country diminishes and rent growth slows, multifamily starts are cooling,” stated Greg Willett, first vice president and national director of research services at IPA. “Among the 15 markets that account for over half of the nation’s ongoing apartment construction, building starts in the second quarter of 2023 totaled just under half the average volume recorded during the previous two years.”
IPA’s “Pullback in Multifamily Construction Starts” report can be accessed here.
Stay up to date on the latest real estate trends.
September 18, 2024
September 17, 2024
MICHELIN announced a second wave of top picks for the best hotels in the U.S. and also revealed its selections for a prestigious group of luxury hotels in Canada and M… Read more
September 17, 2024
Generation Z—currently aged 15 to 29—is growing up, and the eldest are ready to rent their own home.
September 17, 2024
A shift is underway in the housing market this season.
September 16, 2024
Running is having quite the moment right now.
September 16, 2024
From financial challenges to work stressors, there are countless pressures on modern marriages.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today