John Tipton John Tipton is an operating partner at Allen Matkins.

The multifamily market remains resilient. In the latest developer sentiment report from Allen Matkins and UCLA Anderson Forecast, which is released semi-annually, developer sentiment is strong in all of the California markets. In the previous survey, developer sentiment dipped below 50%, meaning that developers were not optimistic about the three-year outlook. This round, the market unexpectedly bounced back with sentiment above 50% in every one of the six California markets surveyed.