US apartment rents continue to increase in February, rising for third straight month
But inventory overhang continues to weigh on rent growth nationwide
U.S. apartment rents increased in February, with the national average increasing to $1,716, a 0.1% increase from January’s upwardly revised figure of $1,714, according to Apartment...
As construction returns to normal, apartment REITs focus on balance sheet flexibility
Management teams emphasize capital discipline over near-term growth
As construction of new apartment units begins to ease across most major U.S. markets, multifamily real estate investment trust management teams are increasingly reframing their inv...
REITs say supply, not demand, to set tone for multifamily sector in 2026
Executives frame 2026 as a transition year driven by a sharply declining construction pipeline.
Public real estate investment trusts that focus on multifamily properties are increasingly framing the sector’s outlook around supply normalization rather than a rebound in demand,...
US apartment rents continue to rise
Pickup in average growth in January suggests gradual return to more typical pattern
Average monthly apartment rents in the U.S. edged higher in January, extending the modest rebound that began in December following several months of no growth or rent declines in t...
National multifamily forecast calibrated as slower demand offsets falling supply
Forecast for latter part of year trimmed to reflect expected elevated 2026 vacancy
CoStar adjusted its U.S. multifamily forecast to reflect that stronger near-term rent growth last quarter is now expected to be offset by a modestly softer outlook for renter deman...
Apartment Strategies Conference highlights: How industry leaders are positioning for 2026
Multifamily sector enters more discriminating phase
Uncertainty was a recurring theme at the 2026 Apartment Strategies Conference in Las Vegas, sponsored by the National Multifamily Housing Council, but not in the way many might exp...
2025 marked a year of moderation across the US multifamily sector
Rent growth may resume once more balanced conditions return in the second half of 2026
The U.S. multifamily sector closed 2025 with easing demand, elevated supply, and rent growth that flattened after nearly two years of modest gains. The past year was marked by dece...
US apartment rents edge higher in December, snapping five months of no growth or declines
Half of nation's 50 largest metropolitan areas post increases
Average monthly apartment rents in the U.S. reversed course in December, posting a modest increase after five consecutive months of no growth or declines.
What to watch in 2026: Gradual recovery on tap for US multifamily market
After a year of elevated vacancy and muted rent growth, conditions appear set to stabilize as new supply slows
The first half of 2025 began on a hopeful note for multifamily property owners, with apartment rents continuing their pattern of year-over-year gains, averaging just above 1%.
Multifamily supply overhang begins to ease as renters fill new units
Accelerated supply drawdown signals initial progress toward market equilibrium
Demand for top-tier apartment units is holding up as the U.S. multifamily market works through a wave of new supply. As a result, elevated vacancy levels are set to decline in high...
Multifamily REITs signal turning point coming as supply pipeline begins to shrink
Construction slowdown offers hope for landlords that they may soon be able to raise rents
The third-quarter earnings season for publicly traded multifamily real estate investment trusts concluded last week, and the REITs sent a clear signal in their calls and presentati...
Apartment rent trends in Sun Belt and Mountain West regions reflect supply-driven imbalances
With the large buildup in new units taking longer than expected to lease, rent increases slow
U.S. multifamily rent growth has been under pressure this year from an overabundance of supply, particularly across the U.S. Sun Belt and Mountain West regions, where rent declines...
Sun Belt and Mountain West regions lead nation in drawing down apartment supply
Construction declines are projected to accelerate further in 2026, allowing occupancy to catch up
A key factor in the performance of the U.S. apartment sector over the past two years has been the large number of new units added to supply, an increase that far outpaced demand — ...
National multifamily forecast adjusted lower despite expected drawdown of oversupply
Rent growth expectations revised as new supply expected to outpace occupancy gains until late 2025
CoStar has revised its outlook for the U.S. multifamily sector's performance, with rent growth expectations lowered and vacancy projected to decline more gradually than previously ...
Apartment rent trends in local markets diverge sharply within US regions
August marked second consecutive month of flat or negative change in monthly rent
The average rent for U.S. apartments declined in August, with the national average falling to $1,713 per month, a 0.23% decrease from July’s revised $1,719. That came as trends div...
After leading US in multifamily construction for years, Sun Belt sees biggest plummet in building activity
Pipeline declines sharply, led by Austin, Texas, as well as Charlotte and Raleigh in North Carolina
The U.S. multifamily construction pipeline is contracting at a historic pace, with the number of units under construction plummeting nearly 50% from its peak in the first quarter o...
Reaching a turning point, US apartment forecast shows demand outpacing supply by year-end
Vacancies are projected to decline throughout 2025
The latest U.S. multifamily property forecast sees an important shift underway in the balance between supply and demand.