Matrix Multifamily National Report-Summer 2022 July 18, 2022

Multifamily Outlook Hopeful Amid Volatile Economy

The multifamily market produced exceptional rent growth in the first half of 2022, driven by robust household formation, strong employment growth and households getting frozen out of homeownership. The sector, however, is at an inflection point as soaring inflation is prompting the Federal Reserve to raise interest rates to reduce growth.