Utah Business Honors Utah’s Fastest- Growing Companies
Millburn & Company honored as one of Utah’s fastest growing companies.
Vacancy Rates at Record Lows
The U.S. Census Bureau’s apartment vacancy rate for all rental apartments (in buildings with five or more units) fell 20 basis points (bps) in the second quarter of 2016–and 10 bps from 2Q 2015–to 7.2 percent. This was the lowest second quarter rate recorded by Census in 32 years.
Apartment Occupancy Surge Tops 96% In Second Quarter
Demand for U.S. rental apartments surged during the second quarter of 2016, gaining momentum after a sluggish performance in the first three months of the year, according to a new report from the RealPage.com MFP Research Division.
Multifamily Faces Supply Challenges
Yesterday, the Harvard Joint Center for Housing Studies (JCHS) released its State of the Nation’s Housing 2016 report, concluding that the overall housing market had recovered despite slow economic growth. The multifamily sector continued to lead the rebound, although single-family was poised to be a strengthening economic contributor going forward.
Rents Rose Despite More Vacancies
The vacancy rate ticked up slightly in all regions except for the West, where the rate remained unchanged at 3.6 percent. Still, in both the West and South, vacancy rates stood at their lowest 1Q level in ten years.
Apartment Market Continues Rent-Growth Streak
Despite moderation from the peaks of 2015, the national apartment market continued to show strength in the first quarter of 2015, according to early end-of-quarter apartment data from Axiometrics.
10 Multifamily Markets to Watch in 2016
As 2016 looms into view, many markets come into focus as areas that will lead the way for investment and development for multifamily properties. While many annual surveys often tout the big markets, this year, there are both primary and tertiary markets that have real value and momentum as 2016 rolls on.
These are America’s Hottest Apartment Markets
Zillow set out to find out which U.S. apartment markets are most competitive — where prices are rising and new units fly off the market.
Apartment Market to Continue Expansion According to Multifamily Investment Forecast Report
Demand for apartments has been underpinned by steady employment growth, positive demographic trends, and modest but consistent wage increases
U.S. Apartment Market Shows Signs of Losing Steam
The national vacancy rate increased in the first quarter while average rent increases declined