The multifamily storylines that matter: Flexible rent payment taking center stage, a record year for adaptive reuse, self-guided tours changing for single-family, the abundance of capital for multifamily, the next phase of the amenity wars and rent growth continues.
The stories headlining multifamily news this week: the impact of nontraditional data points, requiring residents to be vaccinated, the evolution of single-family rental self-guided tours, higher wood prices to continue through 2022, student housing strength despite pandemic and industry leaders being proactive as eviction moratorium ends.
Among the top storylines in multifamily housing this week: reevaluating the contactless community hype, reassessing data-sharing processes, the benefits of eliminating breed restrictions, middle-income housing opportunities, apartment investors mulling distressed mall opportunity and apartment values on the rebound.
In many parts of the country, the week ending on Aug. 9 showed most of the major apartment metrics experiencing slight declines, according to Radix data. The average apartment community in the U.S. had a traffic number of 9.37 leads, down from 9.54 during the preceding week.