Single family homes prices are as high as they've ever been, but home sales are low. High interest rates have suppressed both multifamily and single family building, and lack of housing supply has led to declining affordability and a sustained housing deficit. There is significant pent up demand in the housing market. In both single-family and multifamily markets, this extended period of unusually low sales activity has led to building pressure as this pressing need for homes contends with housing costs that are too high for demands to be met.
Sources discussed in this episode:
John Burns Research and Consulting: “Unlocking single-family rental (SFR) trends early and accurately” - https://jbrec.com/insights/unlocking-single-family-rental-sfr-trends-early-and-accurately/
NAR: “Residential Real Estate Market Snapshot” - https://www.nar.realtor/research-and-statistics/research-reports/residential-real-estate-market-snapshot
Moody’s Analytics: “Elevated Completions Continue to Weigh on Multifamily Rent Growth” - https://cre.moodysanalytics.com/insights/cre-news/elevated-completions-continue-to-weigh-on-multifamily-rent-growth/
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DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.
