by admin | Oct 15, 2015 | Market Data
Rent growth hits 2006 levels, while occupancy reaches 2001 milestones.
Source: www.multifamilyexecutive.com
Add Axiometrics to the list of data firms heralding a record-setting third quarter for the apartment industry.
In a recent release, the Dallas-based research firm called the apartment industry’s fiscal third quarter the “strongest summer in nine years” as the industry’s torrid pace for 2015 continued.
All the good news lately seems to be tempered so as not to be overly frothy commentary regarding the market conditions. Fundamentals have remained strong despite the first initial wave of new units being delivered, however, it will be important to monitor this next (and potentially last in this cycle) wave of units perform as they are delivered in 2015-2017.
by admin | Oct 15, 2015 | Market Data
One Barclays analyst thinks that even saying that the housing market is growing ‘slow, but steady’ is being ‘perilously Pollyannaish.’
Source: www.businessinsider.com
The comeback of the US housing market has been one of the most bullish themes of the post-financial-crisis era. And for the bulls, it continues to be a bright spot in an otherwise slowing US economy in a slowing global economy.
But in a chilling 88-page industry note, Barclays analyst Stephen Kim warns that the bullish tale spun by his peers is more of a fairy tale. “At this point, it has become hard to overlook housing’s dismally slow pace of recovery,” Kim wrote.
The housing market could have a lot more runway to go and could potentially accelerate if the rest of the economy can see a marginal uptick.
by admin | Oct 15, 2015 | Market Data
Find out how people buy homes before even seeing them, why millennials buy, and more. Our survey shows how 4 real estate trends are changing the industry.
Source: www.surveymonkey.com
A recent survey uncovered valuable insights on the state of the real estate industry, as well as a ton of surprising trends in the attitudes and behaviors among today’s homebuyers and sellers.
by admin | Oct 15, 2015 | Market Data
Source: sarasotaheraldtribune.fl.newsmemory.com
Vinik, 56, is now the front man on a planned $2 billion project that will transform the south side of downtown Tampa by redeveloping a 40-acre swath of land surrounding Amalie Arena, where the Lightning nearly won the Stanley Cup last season.
“We’re building half a city.That’s really what we want to do here,” according to Vinik.
Vertica Partners’ T. Sean Lance exclusively represented Vinik’s group in the acquisition of the land surrounding the arena over the course of several years.
by admin | Oct 15, 2015 | Market Data
Source: sarasotaheraldtribune.fl.newsmemory.com
Tanning beds, putting greens and lazy rivers. No, these aren’t luxury retirements homes. They’re the upscale dorms that some Florida universities are using to lure students to campus.
Florida’s 12 state universities must charge roughly the same tuition, so they can’t rely on pricing alone to give them a competitive edge. That’s why experts say campus amenities like fancy dorm rooms are key to recruiting and retaining students.
Many institutions are turning to public-private partnerships with experienced private- sector developers for both development expertise and efficiency and for creative ways to finance and in some cases operate these new housing communities.
by admin | Oct 15, 2015 | Market Data
Construction of seniors housing properties is up, but occupancy is flat and absorption was down at the end of the third quarter, according to industry experts.
Source: nreionline.com
A report released last week by the National Investment Center for Seniors Housing & Care (NIC) said the average occupancy rate for seniors housing properties was 89.9 percent, the same as in the second quarter. Annual absorption in the sector, which includes both independent and assisted living properties, dropped to 1.8 percent, the first quarter that the rate has been below 2 percent in four years.
