U.S. apartment demand spiked during the second quarter of 2019, according to real estate technology and analytics firm RealPage, Inc. (NASDAQ: RP). Net move-ins totaling 155,515 units in the April-through-June time frame topped second quarter 2018 product absorption by 11 percent, climbing to a five-year high.
A big topic of conversation throughout this economic cycle has been if the multifamily sector is oversupplied. However, perhaps the more important question for investors should be about demand, noted Greg Willett, chief economist at RealPage, speaking on a panel at the 2019 MBA CREF Market Intelligence Symposium.
Business Facilities' 2019 Metro Rankings Report takes a look at the hot topics in economic development on the city level, including job growth, economic growth potential, tech opportunities and more.
With the U.S. apartment market expected to see completion volumes continue to rise in the coming year, some submarkets are scheduled to record exceptional increases.
A breakdown of the country's best-performing markets over the first two quarters, ranked by completions as a percentage of total rental inventory.
