Special Report: Hurricane Harvey

Hurricane Harvey wrought severe damage across the Tex-as Gulf Coast region and southwest Louisiana.  The severe storm displaced thousands of families as it damaged in excess of 200,000 homes across the region.  The hurricane’s devastating floods hit the nation’s fifth-largest metropolitan area, Houston-The Woodlands-Sugarland, and although the final assessment of damages is likely months away, it is possible that Houston faces many of the challenges Hurricane Katrina created in New Orleans.

Special Research Report: Federal Reserve – Midyear 2017

Following the rounds of quantitative easing that pushed the Federal Reserve’s balance sheet to $4.5 trillion, the Federal Reserve has outlined plans to reduce the size of its holdings.  This will accelerate its effort to move toward more normalized monetary policy following nearly a decade of easing.  Although the Federal Reserve has raised short-term interest rates four times since the financial crisis took them to zero, the balance sheet has remained consistently near $4.5 trillion… Read More

NYC Multifamily Research Market Report – Q2 2017

Job creation and household formation underpin apartment demand.  Boasting a diverse range of industries and professions, New York City establishments remain steady job creators, even as the pace of employment growth has moderated in recent years.  Meanwhile, extensive development pipeline dominated by Brooklyn, Manhattan and Queens.  With more than 35,000 units slated for delivery in 2017, builders remain highly active in the metro.

Research Brief: Employment – January 2017

The employment market consistently signaled steady economic growth last year despite numerous unanticipated events that could have upended the expansion.  Additionally, the tightening labor market achieved accelerated wage growth as average wage growth jumped 2.9 percent since last December.

2017 U.S. Multifamily Investment Forecast Report

Apartment investments remain well positioned entering 2017, though several important macro-level dynamics have begun to shift course.  The November election set in motion a range of fiscal, monetary, regulatory and economic changes that will merit close investor attention.  Prospective modifications to tax laws, a rising interest rate environment and upward revisions to economic forecasts could all influence investor behavior, while rising apartment completions will also generate a dynamic landscape.  While the outlook points to another… Read More

Market Research Report: New York City – Q4 2016

Job creation still supporting positive outlook; robust delivery schedule weighs on vacancy and rent growth.  New jobs are consistently being created in the New York City economy, even as the pace of hiring has slowed over the past year.  As a result, demand for local housing has remained high, particularly in the core areas of Manhattan and Brooklyn where mortgage payments are far above rental rates.  As a result, multifamily development has risen to a… Read More