According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in March increased $6 to $1,407. In addition, Yardi says multifamily rents had one of the strongest first quarters in a few years, with rents up 0.8% from the previous quarter. Indeed…
“Enactment of the American Rescue Plan authorized the injection of $1.9 trillion into the economy. The two most recent aid packages (the American Rescue Plan and the Consolidated Appropriations Act) have provided a combined $50 billion of emergency rental assistance and other support to the housing industry. This funding is bound to have a positive effect on occupancy and rent growth throughout 2021. A likely hindrance to the industry is the ban on evictions, which the Centers for Disease Control and Prevention has just extended to June 30.“
Click here to read the full report at Yardimatrix.com.
