Morgan Stanley released today its 2012 revenue forecast for apartment REITS. "Reflecting a strong demand/supply dynamic and tailwinds from declining homeownership, partly offset by a sluggish ongoing recovery for metro job growth. We forecast strong 4.4% and accelerating 6.4% same-store revenue growth for the apartment REITs in 2011 and 2012, respectively." HFO has obtained permission to share this report from Sr. VP Brian Currier. Read the full report.
The U.S. apartment sector again posted robust revenue growth in the third quarter of 2011, according to the preliminary results from MPF Research’s 3rd quarter 2011 survey of more than 6 million apartment units across the country. National occupancy climbed 0.6 percentage points during the past three months, and effective rents jumped 1.6 percent.
In this special edition of Apartment Market Dynamics, Greg Willett and Jay Parsons with MPF Research take an in-depth look at the nation’s latest apartment market performance results and provide insight into what likely lies ahead for 2012.
Droves of potential buyers, particularly young adults, are renting longer even when they can afford to buy, stockpiling their savings or seeking investments they see as safer, real estate brokers and economists say.
People who do buy are increasingly opting for more modest houses. Recent data show new homes are smaller -- and sport fewer pricey extras, such as fireplaces and patios -- than in years past. Read the full story from the Charlotte Observer.
The multifamily housing market continued to show improvement in the second quarter of 2011, as the Multifamily Production Index (MPI) compiled by the National Association of Home Builders (NAHB) increased for the fourth consecutive quarter. Read the Full Story.
KTGY design group of Irvine, CA is developing a green, 132-unit affordable housing apartment community on 1.4-acres adjacent to the Foursquare Church office at 12th Ave. and E. Burnside St.. The building will feature five stories of residential accommodations above 6,300 square feet of street-level retail space. Read More. . .
Morgan Stanley released today its 2012 revenue forecast for apartment REITS. "Reflecting a strong demand/supply dynamic and tailwinds from declining homeownership, partly offset by a sluggish ongoing recovery for metro job growth. We forecast strong 4.4% and accelerating 6.4% same-store revenue growth for the apartment REITs in 2011 and 2012, respectively." HFO has obtained permission to share this report from Sr. VP Brian Currier. Read the full report.
The multifamily housing market continued to show improvement in the second quarter of 2011, as the Multifamily Production Index (MPI) compiled by the National Association of Home Builders (NAHB) increased for the fourth consecutive quarter. Read the Full Story.
KTGY design group of Irvine, CA is developing a green, 132-unit affordable housing apartment community on 1.4-acres adjacent to the Foursquare Church office at 12th Ave. and E. Burnside St.. The building will feature five stories of residential accommodations above 6,300 square feet of street-level retail space. Read More. . .