NMHC Insights on the Apartment Market in 2024

The enormous amount of apartment supply expected this year should temper any expectations of apartment demand, but ⁠newly-published⁠ ⁠research⁠ on the topic argues that U.S. housing needs are far larger than can be addressed even with the historic amount of multifamily completions last year and forecasted for this year. On the capital markets side, ⁠recent data⁠ points to a substantial increase in CRE investment interest, but given the Federal Reserve’s recently-⁠announced intentions⁠ to keep interest rates at their current levels past March of this year, the market may not thaw until later in the summer when financing conditions improve.