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Single Family Housing Starts Continue to Grow while Commercial Multifamily Housing Starts Lag

Where as single family housing starts have increased steadily since April, multifamily housing starts of 5 units or more have been losing ground since the middle of the year. The entire 71K month-over-month increase in total housing starts is entirely due to the...

Trend Towards Fewer Multifamily Units

There remains a great need for more multifamily units. It will take years to catch up after the effects of underbuilding in the 2010 – 2014 timeframe. The relative scarcity of multifamily units helps to underpin apartment prices. It is a great time to own,...

Tracking the Economic Recovery from COVID-19

By George Roberts III www.TrackTheRecovery.org The recovery from COVID-19 has been very heterogeneous. Compare California and Florida. California has been hit nearly twice as hard in the lowest income range (less than $27,000 per year). The middle income range in...

Multifamily Case Study

By Tom Kirkpatrick Here is a case study of an actual multifamily property.   This article has been prepared for informational purposes only, and is not intended to provide, nor should it be relied upon for legal, tax, or accounting advice. You should consult your...

Multifamily Construction is Still Lagging Pre-COVID Levels

By George Roberts III The September 2020 Monthly New Residential Construction Report Released October 20th shows that residential permits, which are a leading indicator of housing starts, have recovered to pre-COVID-19 levels. However, multifamily permits (5 units and...

Repositioning an Apartment

By George Roberts III Repositioning is the process of renovating an existing multifamily asset so that the owner can increase rents thereby “forcing appreciation” to increase the value of the building. This value can be tapped into through a sale or a...