Apartments Are Facing Five Headwinds and Benefiting From Three Tailwinds This Year

The rental housing industry has seen its fair share of ups and downs over the past few years. As we settle into 2023, property managers, owners, developers and stakeholders should continue preparing for what may come through the remainder of the year.

Following the unprecedented growth of 2021, the rental housing industry embarked on a path back toward normalcy in 2022. The year ended with conditions cooling in many, but not all, markets. So far, 2023 has been marked with continued economic uncertainty fueled in large part by inflation and interest rates. The year has also seen a dramatic uptick in government scrutiny and pursuit of adverse housing policy, from federal officials down to city councils and everywhere in between.