Affordable housing rent growth has seen two strong quarters back-to-back, says Moody's Analytics REIS.

The growth for the third quarter finished at 0.7%. This increase, along with the momentum of the second quarter that posted the strongest rent growth in two years, has increased the Moody's growth projection for 2021 from 2.2% to 2.5%.

Year-end average rent is now expected to be $999.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Multifamily
Midwest
Northeast
Southeast
Southwest
West