Multifamily Predictions Converge on Optimism

As we move further from the uncertainty and rent growth stagnation of 2023, an increasing number of sources are finding room for optimism in the multifamily investment market. A looming drop-off in multifamily supply, the consequence of an interest-rate-driven decline in new construction projects, has become a central part of projections for the multifamily market, leading to expectations of higher rent growth and increased apartment demand in 2025 and 2026. Sources discussed in this episode: Bureau of Economic Analysis: “PCE Inflation, January 2024” - https://www.bea.gov/news/2024/personal-income-and-outlays-january-2024 John Burns Research and Consulting, CRE Daily: “Fear and Greed Survey, 4Q23” - https://jbrec.com/wp-content/uploads/2024/02/Fear-and-Greed-Index-Chartbook-2024-02.pdf Newmark: “4Q23 State of the U.S. Capital Markets” - https://www.nmrk.com/storage-nmrk/uploads/documents/4Q23-Newmark-State-of-the-U.S.-Capital-Markets_FINAL_EXTERNAL.pdf Fannie Mae: “2024 Outlook for Multifamily Affordability – Many Renters Remain Cost-Burdened” - https://www.fanniemae.com/media/50411/display CBRE: “Multifamily Market Travails Not Likely to Last” - https://www.cbre.com/insights/briefs/cotw-multifamily-market-travails-not-likely-to-last For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ Learn more about Gray Capital's latest multifamily investment offering for accredited investors: https://www.graycapitalllc.com/new-offering/ DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.