Market Intelligence: U.S. Summer Apartment Outlook
Apartment demand got off to an incredible start in 2024. As a result, many property owners are hoping for continued momentum as multifamily heads into prime leasing season. But at the same time, record supply has resulted in muted rent growth and declining occupancy. To make matters worse, elevated interest rates have made deals more difficult to pencil in, causing lower investment volume.
There is hope on the horizon, though. The most recent data indicates that modest improvement in momentum does appear to be emerging. Can it build throughout the 2024 peak leasing season? Get insights at our webcast.
Join RealPage’s Carl Whitaker, Vice President and Chief Economist, and Arben Skivjani, Deputy Chief Economist and Director of Forecasting, for a lively discussion of the national apartment sector’s current status and near-term outlook.
Topics covered in this webcast include:
- The economy and near-term demand signals
- Metro-level performance leaders and laggards
- Performance segmentation by product class
- Construction activity
- Investor appetite and property transaction stats
Carl Whitaker is RealPage’s Chief Economist, leading the company's team of economists and market analysts. Carl and the Market Intelligence team specialize in analyzing and disseminating economic and market trends for the rental housing industry. He primarily focuses on presenting trends in the rental housing industry to a wide audience, including investors, asset managers, operations professionals and media, among other personas. Carl has been cited in the Wall Street Journal, Bloomberg and GlobeSt and is a frequent keynote speaker for industry events. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
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.
