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NMHC and Fannie Mae Multi-Family Presentation

by Admin1976   ·  enero 23, 2024   ·  

NMHC and Fannie Mae Multi-Family Presentation

by Admin1976   ·  enero 23, 2024   ·  

by Calculated Risk on 1/23/2024 11:31:00 AM

Yesterday, Chris Bruen, Senior Director of Research at NMHC and Kim Betancourt, CRE, Vice President, Multifamily Economics and Strategic Research at Fannie Mae presented the State of the Multi-Family Market (see video recording of presentation).

Here are a couple of slides from the presentation by Betancourt:

The first graph shows quarterly rents and the vacancy rate over time.

Rents surged in 2021, and then moved more sideways – and even declined in Q4 2023.

The vacancy rate bottomed in Q2 2022 and has steadily increased. This is due to a combination more supply and less household formation (not mentioned in the presentation).

The second graph shows annual rents and vacancy rates.

Fannie Mae Multi-Family Rent and Vacancy RateFannie expects rent growth to be sluggish in 2024, and the for the vacancy rate to increase to 6.25%.

There are a couple of more graph in the presentation showing coming multi-family supply and rents by metro area.


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