multifamily

Developers will likely delay starting new apartment projects until they see strong employment growth.

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 89.0 percent of apartment households made a full or partial rent payment by June 13 in its survey of 11.4 million units of professionally managed apartment units across the country.

With some unemployment benefits from the CARES Act set to expire at the end of next month, industry groups are pushing for more federal aid.

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.8 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.5 million units of professionally managed apartment units across the country.

Reported by John Chang, Director of Market Research - Marcus and Millichap

An in-depth look at the impact the Global Health Crisis has had on apartment and manufactured housing communities performance and investment trends. Insights on how the eventual recovery will reshape the housing landscape.