Active Adult Housing is Hot – But What is It?

Active adult is one of the hottest specialty housing products today. Consumer and investor demand are both rising rapidly. Over 40% of baby boomers are 65+ years old; the oldest turns 73 in 2019. Older boomers are in active adult’s entry target ages—late 60s to mid 70s. Active adult is often marketed to younger seniors,

Capital Accepting Lower Returns for Multifamily’s Other Benefits

Q2’s one-year unlevered return for institutionally-owned multifamily assets was a moderate 5.78%, according to the NCREIF Property Index (NPI), down slightly from Q1’s 5.90%. The quarterly return of 1.42% was on par with the prior two quarters but under most previous quarters in recent years. Over the post-recession period, the appreciation return has fallen considerable,

The Land Where Cold is Hot

Across Asia Pacific, cold is now officially hot. According to real estate investors at least, who have consistently voted with capital allocations into cold storage facilities.    Growing investor interest in cold storage real estate has been brewing for some time. This appetite is part of a larger push into less competitive areas of industrial real estate. Equally influential, the

The Turnover Chain

Multifamily turnover rates continue to drop. RealPage reported 47.5% for 2018, down 80 basis points from 2017. The six major multifamily REITs provide further evidence. Five recorded lower turnover in Q1 2019 than the prior year. For AvalonBay, Camden, Equity Residential (EQR), MAA and UDR, the average annualized Q1 rate fell by 2 percentage points

U.S. Homeownership Edges Down

The homeownership rate has ticked down again. Q2’s U.S. homeownership was 64.1% not seasonally adjusted and 64.2% seasonally adjusted. Both rates fell slightly from Q1 and year-over-year. Q2 marked the second quarter in a row where the rates fell from the prior quarter. This was the first quarter since 2016 that experienced a year-over-year decline,

Breakout

Most Generation Xers will remember that the greatest innovation in video gaming in the late 1970s was the Atari 5200. It was the first mass-marketed gaming system using cartridges that allowed you to switch games easily and to get a steady parade of new titles. I always reverted to what I considered the old-school classics:

China’s Bigger Pie

It’s that time of year again. Chinese GDP figures are broadcast to the world by the National Bureau of Statistics and onlookers from all over await in suspense. Recently released Q2 2019 stats have revealed a GDP growth rate of 6.2% y-o-y, a 27-year low. News headlines teasing at the idea of a Chinese recession

Stand and Deliver

Multifamily development is generally positive for the industry but can have an unfavorable impact when too much product

Where are the Jobs?

Phoenix experienced the best year-over-year employment growth rate in May among the 41 largest metros in the U.S. at 3.2%, more than double the national rate of 1.5%. New York and Dallas/Ft. Worth led the country for total job growth, gaining, respectively, 114,000 and 107,000 jobs year-over-year. The metros with the highest rates of job

Causes and Consequences of the Global Economic Slowdown

Combined growth of the main developed economies (U.S., Canada, Japan, Germany, France, Italy and the U.K.), known as