Supply Constraint Rewrites the Single- vs. Multifamily Narrative

Daniels: “As household formation strengthens and for-sale inventory remains limited, a large share of housing demand is filtering into apartments.”

CALABASAS, CA–We often hear about the push and pull relationship between single-family and multifamily home activity has hit pre-recession highs, interest ebbing or flowing from one to the other as consumers opt either for affordability and proximity to work or for the traditional American dream of lawns and picket fences. However, according to the Institutional Property Advisors August Research Brief,  current market dynamics indicate a robust demand for both.

In fact, Jeffery Daniels, SVP and national director of Institutional Property Advisors’ multifamily division, notes that single-family sales activity is at the highest level since the Great Recession, fueling the ongoing trend of potential buyers closed out of that market and turning to multifamily.