Multifamily Market Commentary
Higher Insurance Premiums Continue to Impact the Multifamily Sector
May 21, 2024
According to the National Centers for Environmental Information at the National Oceanic and Atmospheric Administration (NOAA NCEI), as of May 8, 2024, there have already been seven confirmed weather and climate disaster events in 2024 with losses exceeding $1 billion each. These events included five severe storm events and two winter storm events.