After dipping at the close of 2022, rents are once again beginning to climb. But does that mean the recent residential rent correction is already over?
Single-family housing starts are declining, but a sharp rise in multifamily construction sent the total share of new housing starts to a record high in November
The multifamily market saw substantial growth in the second quarter of 2022 as would-be buyers put off their home purchasing plans and opted to rent instead
Housing starts fell in September, but as a growing number of would-be buyers are pushed out of home purchases, demand for new multifamily rental units is rising