ABODO, an apartment marketing firm, has jumped into the increasingly crowded space of apartment industry analysis with a new report that pinpoints winners (Las Vegas, Austin, and Denver) and losers (Milwaukee, Fort Worth, and Boston) from April to December 2015.
Though its best and worst markets may differ from other reports, the overall sentiment remains the same: 2015 was a great year. But there are some questions for the year ahead:
The big question for the apartment market is how much longer that rent growth will continue as renter demand has unleashed a wave of development activity across the country. In 2014, the number of completions totaled 255,600, which is the highest level since 2009 when 259,800 units were built, according to the National Multi Housing Council. Some industry estimates are forecasting that completions will top another 210,000 units in 2015.