While demand for multifamily housing remains strong, the sector faces a number of challenges, according to multifamily experts speaking at the National Association of Real Estate Editors annual real-estate journalism conference in Las Vegas.
Fundamentals remain strong for the multifamily sector, but a supply increase leading to competition among landlords is putting pressure on rents and occupancies, according to Caitlin Walter, senior director of research at the National Multifamily Housing Council (NMHC) in Washington, D.C.
Walter spoke last week at the National Association of Real Estate Editors annual real-estate journalism conference in Las Vegas, as part of a panel discussing the latest trends in the multifamily sector (which also featured Revathi Greenwood’s CRE outlook). That panel, moderated by MHN Editorial Director Suzann Silverman, also included Robert Hart, president & CEO of TruAmerica Multifamily, and Jeff Brodsky, vice chairman of Related Cos.
