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Monday, 11 January 2016 23:05

Market Watch - Dec 2015

A solid pace of household creation accompanies an economic expansion and will generate new demand for apartments in the near term. 

 

U.S. apartment vacancy will fall this year to 4.2 percent and will rise nominally in 2016 as elevated completions narrowly outpace net absorption. Also, the Fed's benchmark rate most directly affects consumer borrowing for items that include residential mortgages. 

 

Any additional tightening in monetary policy that suppresses single-family home buying and maintains a low rate of home ownership will provide a supplemental lift for the multifamily sector.

Last modified on Monday, 11 January 2016 23:08