Matrix Bulletin-Multifamily Forecast-July 2022 August 19, 2022

Multifamily Outlook Still Strong Despite Decelerating Growth

July marked a significant slowdown in rent appreciation, but that is seasonally typical. Supply and demand fundamentals remain favorable for multifamily, marked by a strong job market, higher mortgage rates and an undersupply of apartments across the country. As a result, rent growth will remain solid through the end of the year.