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Rents Continue to Decline; "Apartment Market Loosens"

Rents Continue to Decline; "Apartment Market Loosens"

Vacancy Rate Increasing as More Supply Comes on Market

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Feb 01, 2023
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
Rents Continue to Decline; "Apartment Market Loosens"
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The rental market has changed rapidly. This index from the National Multifamily Housing Council (NMHC) has been an excellent leading indicator for rents and vacancy rates, and this suggests higher vacancy rates and falling asking rents in the coming months.

From the NMHC: Rents Continue to Fall as Apartment Market Loosens, Transactions Pull Back Due to H…

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