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One factor helping the city was that apartment demand and supply were more or less in balance in 2023
To make a difficult situation even more difficult, it now takes longer to save up for a downpayment.
Rents increased the most in midsize cities in the Northeast and South
In addition to its cost-effectiveness, today's Midwest has almost completely shaken off the old 'Rust Belt' label.
Vacancies rose in every region of the country and in almost every market, partly driven by 607 million SF of new development
In 2022, the gap between White and Black families with sufficient income to afford a mortgage fell to 4.7 percentage points
The NAHB's overall Multifamily Production Index for the quarter came in at 41.
In 2022, almost 140 million people commuted to work, while 20 million worked from home.
More than 20% of the 1,700 office properties sold since January 2023 changed hands at a loss.
Since 2020, over 300 major manufacturing facility announcements have been made across North America.