Matrix Bulletin-Multifamily Forecast-July 2024 August 06, 2024

Forecast for Advertised Apartment Rents on the Rise

Although the unusually large influx of supply continues to hinder rent growth in many Sun Belt boomtowns, healthy demand from a stronger-than-expected economy will support growth in other markets. Overall, that anticipated improved performance leads to an increased forecast for advertised apartment rents.