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Moody's: Multifamily Demand "Softened notably over the past few quarters"
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Moody's: Multifamily Demand "Softened notably over the past few quarters"

Apartment Vacancy Rate Increased in Q1

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Apr 04, 2023
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Moody's: Multifamily Demand "Softened notably over the past few quarters"
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The big story here is that demand for apartments has softened recently, rents are falling in some areas, and there are a large number of apartments currently under construction that are expected to be delivered this year.

From Moody’s Analytics Senior Economist Lu Chen and economist Nick Luettke: Apartment temporarily oversupplied, Office approaching pea…

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