CBRE Global Research and Consulting senior research analyst John Vitou assures us that the US multi-housing sector remained stable in Q3 2013, with the demand gaining traction in technology hubs such as San Jose and Seattle. Energy markets are heating up as well, especially in Houston. With 252,000 units in the pipeline, construction is expected to increase in 2014, while rent growth may begin to moderate in the coming months. Although development is expected to gain momentum across the forecast horizon, new inventory should be aligned with strong private sector growth, particularly in consumer sectors due to repaired household balance sheets. To read a more in-depth analysis of these findings, go to our sponsor's Multi-Housing Knowledge Center (click here). Keep an eye out for the upcoming CBRE Multi-Housing White Paper, and find the most extensive global research and consulting here.
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