Industry News

Multifamily: It’s All About the Fundamentals

Freddie Mac, May 09,2017. Despite recent reports about softness in a few very high-cost markets, multifamily continues to be robust, as indicated by steadily rising rents in most markets.

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Jed B. Millburn named a finalist in the 2017 Entrepreneur Of The Year® program!

Jed B. Millburn, Founding Principal and CEO of Millburn & Company, was recently announced as a finalist in the Entrepreneur Of The Year 2017 Utah Region Awards program.

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2017 Forecast: Rent Growth to Match Long-Term Average Performance will Strengthen in 2018 and 2019

Axiometrics, April 7, 2017. The latest forecast estimates average rent growth of 2.3% this year, equaling the average rate from 1995-2016 and actually 10 basis points (bps) higher than the previous forecast’s estimate. .

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Yardi: Rent Gains Return in March, but Growth Continues to Moderate

Multifamily Executive, April 6, 2017. March’s $6 gain marked the first positive change in the average U.S. monthly rent in five months and the most significant gain since last June.

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Apartment Returns Shifting to Secondary Markets

John Burns Real Estate Consulting, April 5, 2017. Secondary apartment markets and what we call surban™ locations (desirable suburban locations with urban amenities) have shifted to become outperformers.

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U.S. added 235,000 jobs in February; unemployment rate dropped to 4.7 percent

The Washington Post, March 10, 2017. The U.S. economy added a healthy 235,000 jobs in February, according to government data released Friday, surpassing economists’ expectations.

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Jed B. Millburn: Forty Under 40

Utah Business, Feb 24, 2017. Congratulations to Jed B. Millburn, Principal & CEO at Millburn & Company – he has been named one of Utah Business’ 2017 Forty Under 40 honorees.

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Outlook for Apartment Sector Looks Strong

“I hear people talk about ‘uncertainty,’ but when I boil it down to how it will affect the multifamily market, I don’t see any huge change,” says John Sebree, director in the national multi housing group of brokerage firm Marcus & Millichap.

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Yardi Predicts Strong Fundamentals, Uncertain Policy for 2017

Yardi Matrix’s latest Multifamily Outlook highlights moderating rent-growth trends, the oversupply of luxury units, and the potential impact of the new administration.

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Multifamily sector expected to stay strong in 2017

Market watchers expect some moderation from record highs, but not much.

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