The multifamily market is likely to witness same level of growth in 2017 as that of the prior year, according to the 2017 multifamily outlook released by Freddie Mac Multifamily Research Group. 2017 multifamily outlook highlights: A higher number of multifamily units are likely to enter the market but at a disciplined rate.
In an update to an earlier outlook published in January 2017, Freddie Mac Multifamily predicts in its new "Multifamily Volume and Pricing Outlook" for 2017 that total multifamily origination volume could increase by 3% to 6% this year, depending on the movements of the 10-year Treasury rate.. If the 10-year Treasury rate stays within the 2.5% range, multifamily origination volume is expected.
Rents will continue to grow at current levels due to a healthy labor market and lifestyle preferences, creating demand for multifamily units. freddie mac predicts that multifamily originations will set another record in 2017 and 2018, but the growth rate will be slower than in the past few years.
Of those who said they believe the industry will grow, nearly one-third cited supply and demand as the justification for this continued growth; another 17 percent cited population growth. Freddie Mac Multifamily Executive Vice President David Brickman said the survey found general consensus about multifamily market strength.
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Despite a slow start to the year "as high levels of new supply entered the market," absorption picked up again in the second quarter, according to the report. As a result, Freddie Mac predicts rent growth will remain modest but healthy at around 4% in 2019 and 3.6% in 2020. New supply will remain elevated over the next few years.
The multifamily property market has enjoyed several years of rapid growth. According to a recent report published by Freddie Mac, this growth seems poised to continue throughout 2017, although at a more moderate pace. But what does this mean in terms of return on investment for your multifamily property?
Latest insights into the multifamily apartment industry. March 9, 2017. Freddie Mac 2017 Multifamily Outlook Predicts Moderate Growth. Search Here.. Freddie Mac 2017 Multifamily Outlook Predicts moderate growth; explore Our Content. biofuels (1) commercial Real Estate (1) Expert Opinion (1)
Freddie Mac is forecasting that. up only 1.0 percent over the three months and Freddie Mac predicts an average growth rate of 5.4 percent this year. That will slow to 4.6 percent in 2019 and to.
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