December 14, 2020
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John Burns Real Estate Consulting says multifamily builders need to follow the single-family homes, specifically the rapidly developing new-home submarkets. In its latest Apartment Analysis and Forecast, JBREC says the future looks bright for suburban apartments and gloomy for urban. What can help boost the rental market are buyers who choose to rent prior to moving into their newly built homes. Builders are especially busy with nearly all standing inventory sold, so new-home buyers must wait nine to 12 months before their homes are even constructed. Renting where that new home will be could be ideal.
Here are some examples from across the country: