Multifamily in 2020: Continued Strength in the Sector
A year ago, as we entered 2019, trade talks with China were tense, the Federal Reserve announced that it would increase interest rates three times before the end of the year, and the federal government was in the middle of a shutdown. That these factors had little impact on multifamily speaks to the strength and resilience of the sector.
As we enter 2020, the Federal government is operational, talks with China have improved, and the Fed is so far taking a hands-off stance on interest rates. As such, it’s time to look ahead, and determine how current trends will impact multifamily construction, rents and investments in the coming year.