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Instant Insights / Multifamily's Strong Rent Growth

Since almost the start of the year, the apartment asset class has been delivering eye-popping rent growth. Read about it here.

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Increases in softwood lumber prices have raised the average rent apartment tenants would pay on new construction between April 17, 2020 and July 8, 2021 by $92 per month and $9,990 to the market value of a new rental unit, according to a new report by the National Association of Home Builders.

The increase is somewhat less than the April 2020-April 2021 of $119 monthly NAHB reported three months ago.

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