Multifamily Market 2022 PowerPoint Presentation

An Accelerating Market Slows The multifamily market experienced two entirely different effects of the pandemic. During 2020 and into 2021, demand decreased significantly; however, demand for multifamily housing increased just as significantly from April 2021 through March 2022. This pent-up demand and a return to more “normal” business and employment levels by Q2 2021 caused a 15% YOY increase in the national rent average through Q2 2022. This rate of increase was unsustainable because inventory could not match demand. Although employment growth moderated by March 2022, rental rates accelerated in parallel, including for older, less-expensive properties. With other household costs increasing, many lower-income households found it difficult to pay their rent. Download the PowerPoint Presentation and  Word Document