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Peeling Away the Layers of the Recovery

PALM SPRINGS, CA-The road to better times lies straight ahead for investors, developers and operators, according to speakers at the NMHC’s Apartment Strategies Conference.

By Sule Aygoren Carranza | Updated on January 20, 2011

PALM SPRINGS, CA-The demise of the homeownership dream is potentially the best thing to happen to multifamily last year. After all, every percentage point drop in the homeownership rate means another million households moved over to the rental pool. This is setting up the market for a very good few years, concurred the participants in a session focusing on submarkets across the country during the National Multi Housing Council’s Apartment Strategies Conference, which took place here yesterday. 

But as well as the sector is doing, job growth is still a wild card. And, the experts added, it’s important to remain concerned about the class B and C markets, which aren’t experiencing the same rebound as the class A market.

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