Build-to-RentSingle-Family Rental

Apartment Construction Booming!

Lesley_Deutch_web

Lesley Deutch

November 15, 2012

There are 44 metro areas which will double their multifamily construction this year. Among the major markets, the growth is staggering:

The Boom Has Just Begun

Despite the boom, many of these markets are far from their peak levels of construction, and we think further increases can easily be absorbed in a growing economy.

The Shift to Rental

There is now more multifamily construction than single-family construction in 36 of the 183 MSAs we forecast. The surge in multifamily construction has extended beyond the coastal markets to such inland areas as Austin and Dallas. Here are the 20 markets where multifamily most exceeds single-family construction

The Consequences

The growth in multifamily construction is contributing to rising labor and materials costs for builders of all homes. At some point, the multifamily market is likely to get overbuilt too, which always seems to coincide with a recession. Right now, the outlook for the apartment market looks bright.

If you have any questions, please fill out this form

Building Market Intelligence™

Every week, we deliver analysis to over 40,000 subscribers with our Building Market Intelligence™ newsletter. Subscribe to our weekly BMI newsletters to stay current on pressing topics in the housing industry.

About The Author

Lesley Deutch
Managing Principal
Lesley has more than 25 years of experience consulting with executives in the finance and real estate industries throughout North America. She works across a wide spectrum of industries including apartments, for-sale housing, high-rise development, urban projects, single-family rental, building products, and commercial developments.

Contact Us

If you have any questions about our services or if you would like to speak to one of our experts about we can help your business, please contact Client Relations at clientservices@jbrec.com.

Products and Services Mentioned

Research Membership

Our research services enable our clients to gauge housing market conditions and better align their business and strategic investments in the housing industry. We provide a thoughtful and unique holistic approach of both quantitative and qualitative analysis to help clients make informed housing investment decisions.

Burns Apartment Analysis and Forecast

A wide-ranging quarterly report that includes an economic outlook for the multifamily market, and analysis of the interplay between housing and apartment market dynamics and demographics.

Real Estate Consulting

Our experienced team of consultants helps clients make sound housing investment decisions. We thrive on their success and work with many clients over multiple years and numerous projects.

Latest Insights

A Master Class in Bathroom and Kitchen Design
Big SFR Firms Raising Rents, Taking Share, and Improving Efficiency
Live Local Act: A Solution for the Missing Middle?