Victor Whitman is chief reporter at Scotsman Guide Media.
Reach him at (800) 297-6061 or firstname.lastname@example.org.
Chief economist, Fannie Mae
“It is hard to overstate how low
commercial and multifamily
rates are today.”
Vice president of commercial real estate research,
Mortgage Bankers Association
“In the second quarter, we marked
the ninth anniversary of the current
economic expansion; however,
it’s also likely that we marked
its high point.”
As of this past July, multifamily starts had
stabilized at a pace of around 300,000 units
annually, U.S. Census data suggest. Over the
past three years, however, the annualized
pace of multifamily building has cooled
on a nationwide basis.
Source: U.S. Census Bureau
The annualized pace of multifamily housing starts as of July of each year
Annualized Multifamily Housing Starts*
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In the top U.S. apartment markets, rents were
rising much faster as of this past August than
the national average of 3.1 percent annually,
according to the tracking company Yardi Matrix.
In Orlando, Florida, which saw the fastest
growth, rental growth clocked in at more
than twice the national average.
Rent growth still
strong in numerous cities
Source: Yardi Matrix
Top Markets for Apartment-Rent Growth,
Year Over Year as of August 2018
National Average 3.1%
Orlando, Fla. 6.7%
4.8% Tampa, Fla.
Inland Emp., Calif. 5.4%
Las Vegas 5.7%