According to the latest Yardi Matrix Multifamily Report, multifamily rents posted gains in March, 2025 with the average U.S. advertised rent increasing $5 to $1,755. Year-over-year rent growth dropped to 1%. However, Yardi says uncertainty is on the horizon: “Much about the rest of the year remains uncertain. Economic volatility is extremely high due to the imposition of tariffs, the rising number of layoffs and dwindling consumer confidence. And cutbacks on immigration will impact demand to some degree.” Click here to read the full report at Yardi.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1% in March, 2025. The all items index was up 2.4% for the 12 months ending in March. The shelter index increased 4% over the last year, the smallest 12-month increase since November 2021. Click here to read the full release at the Bureau of Labor Statistics.
The NAR says in a shift that underscores changing dynamics in the housing market, baby boomers now make up the largest generational group of home buyers. Indeed, today’s graphic looks at the distinguishing characteristic of each generation of home buyers using data from the NAR’s 2025 Profile of Home Buyers & Sellers. As always, stay safe and have a Happy Friday!!! Hat tip to the Realtors!
According to Apartment List’s National Rent Report for April 2025, national median rent increased 0.6% to $1,384 in March – the second consecutive month-over-month increases. However, year-over-year growth remains negative at -0.4%. “Since the second half of 2022, rent prices have continued to ebb and flow with the seasons as they typically do, but with the overall trajectory trending modestly downward. Following a period of record-setting rent growth in 2021 and the first half of 2022, the national median rent has now fallen below its August 2022 peak by a total of 4 percent, or $58 per month. But despite…
According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 228k in March, 2025 with the unemployment rate coming in at 4.2% – about the same as February. In addition, the report says employment in the federal government actually declined. Click here to read the full report at the Bureau of Labor Statistics.
According to the ADP National Employment Report for March, 20245, private sector employment increased by 155k jobs and annual pay was up 4.6% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees. “Despite policy uncertainty and downbeat consumers, the bottom line is this: The March topline number was a good one for the economy and employers of all sizes, if not necessarily all sectors.” Said ADP chief economist Nela Richardson. Click here to read the full report…
Rental information site Zumper recently released their latest monthly National Rent Report for March, 2025. According to their data, median rent for 1-bedroom apartments was $1524 (down 0.1%) and $1,905 (stayed flat) for two-bedrooms. Be sure to check out their list of the top 100 metro areas. “The U.S. rental market has remained remarkably resilient despite this period of macroeconomic uncertainty… This industry is more independent of wider macro trends than many people realize. The key dynamic to be aware of is that despite record levels of new supply entering the market in the past 2 years, new multifamily construction…
The U.S. government is reporting that total construction spending in February, 2025 was at a seasonally adjusted annual rate of $2,195.8 billion, up 0.7% from January’s revised number. February’s estimate is 2.9% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $928.9 billion in February, which is 1.3% higher than January’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
Yardi says the latest results for Q4 2024 reveal ongoing challenges for self storage REITs, with a 1% drop in revenue driven by lower occupancy and rates. However, many of their top 30 metros are showing signs of stabilization, with advertised rates increasing in February. While markets in the Northeast, Midwest and West show signs of stabilization, Sun Belt regions struggle with weak home sales and oversupply. The Yardi Matrix tracks a total of 3,153 self storage properties in various stages of development, including 740 under construction, 1,989 planned and 424 prospective properties. Click here to read the full report…
The Visual Capitalist says after accounting for births, deaths, and migration, the U.S. grew by roughly 8.5 million people between 2020 and 2024. Citing Census data, they point out that not all parts of the country grew the same however or even grew at all. Indeed, today’s graphic takes a look at America’s population trends 2020-2024. As always, stay safe and have a Happy Friday!!! Hat tip to the Visual Capitalist.
