US multifamily investment outlook - H1 2018
Annualized rent growth rose to 2.4 percent during Q2 2018, a slight increase after a three-quarter tenure at 2.3 percent. Vacancy rates remained stable at 5.2 percent, having increased only 7.0 basis points over the past year.
With year-to-date 2018 deliveries surpassing 183,000 units, the U.S. is on track to add a total of 373,000 units by year-end. This is expected to mark the cyclical peak for the sector. In 2019, the amount of new deliveries is expected to decline 17.4 percent, which should allow fundamentals to mark increased growth.