Multifamily Market Commentary
2022 Mid-Year Multifamily Market Outlook – Demand Remains Resilient
July 20, 2022
The multifamily sector experienced strong demand during the first half of 2022, resulting from a combination of favorable demographics, continued job growth, rising wages, and increased renter household formations. This demand is expected to continue for the remainder of the year, albeit at a more moderate pace. That said, it is important to note that although national trends are expected to remain above average over the next six months, multifamily fundamentals and demand can, and do, change and will vary by metro, submarket, and, in some cases, by neighborhood.