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However, high levels of delivery each exceeding 5,000 units continued in Dallas, Phoenix, and Austin.
Historically, there has been a correlation between consumer sentiment and household formation.
It may take several more quarters of demand exceeding supply before multifamily rent growth accelerates.
Loan modifications jumped year-over-year in March to $39.3 billion.
A Transwestern analysis said opportunities could be available for well-positioned industrial and multifamily assets.
Post-Covid volumes stopped following long-established trends.
Dollar volume surged by 62 percent.
Tariffs are causing some developers to pause projects.
The first quarter's negative absorption ended multiple three-month periods in a row of positive demand.
Announcing the 2025 Women of Influence winners, who will be recognized at the annual Women of Influence conference in Denver, CO on July 22.