DALLAS—A harsh winter in many regions of the US couldn’t put the freeze on multifamily rent growth during the first quarter, according to reports from locally based Axiometrics and Phoenix-based Yardi. Axiometrics says annual effective rent growth nationally reached 5.0% or better for February and March, the first such two-month streak since the summer of 2011. For April, rents grew 4.3% year-over-year across the 84 markets tracked by Yardi, led by San Francisco, Portland, Denver and Seattle.

Over the past six months, rents have risen 0.7% nationally, says Yardi, citing a harsh winter that may have delayed some from moving into apartments and put a damper on rent growth in cold-weather climates. On a six-month moving average basis, rents increased by 4.4%, which compares favorably to 2.8% for the year-earlier period.

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