Market Intelligence: The Impact of Tariffs on the Apartment Market
Rising tariffs are casting a long shadow over the apartment sector, potentially driving up construction costs and sparking inflationary pressures that could reshape consumer spending in 2025. Tenants may find their budgets stretched thin, risking softer demand for apartments even in traditionally stable markets. Challenging the fundamentals further is that the potential deportation policies could shrink the construction workforce, spike labor costs and stall new projects.
Join RealPage® rental housing experts as they explore the evolving implications of tariffs with the discussion topics such as:
- Unpacking the proposed tariffs and their added burden on developers’ bottom lines
- Examining how higher material costs could force trade-offs in project quality or scale
- Assessing how inflation could dampen demand and weaken apartment performance
- Evaluating labor shortages stemming from policy shifts and their cost impacts
Adam Couch is a Market Analyst and has extensive experience in researching economic and demographic trends that support clients in their investment decisions. Adam has been a featured speaker at several multifamily housing industry conferences and regularly provides commentary for national and local business media. Prior to joining RealPage, Adam worked at Fannie Mae advising leadership on risk management for current pricing and acquisitions.
Arben Skivjani
Deputy Chief Economist and Director of Forecasting, RealPage, Inc.Arben Skivjani serves as a Deputy Chief Economist and Data Scientist for RealPage, Inc. His primary focus is on forecasting and econometric modeling, economic impact studies, reporting and analysis of macroeconomic trends that affect the multifamily industry. Prior to joining RealPage, Arben worked for several government and private sector entities, including the District of Columbia Department of Employment Services, Center for Business and Economic Development at the University of Alabama and Camoin Associates in Upstate New York.
Arben is heavily involved in the Dallas/Fort Worth Association for Business Economics where he currently serves as Vice President and is a member the National Association for Business Economics.
Arben holds a master’s degree in economics from The University of Alabama.
