Instant Insights / Multifamily Headwinds

New Apartment Demand 'All But Evaporated'

There is weak demand for all types of housing despite robust job growth and sizable wage gains.

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Demand for new apartment leases has “all but evaporated” as consumer confidence remains low and inflation continues to rise, according to the latest data from RealPage.

In other words, say farewell to the days of record-high household formations.

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Lynn Pollack

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