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Real Estate

U.S. Apartment Demand Surprisingly Strong

Source: https://www.realpage.com/analytics/us-apartment-demand-surprisingly-normal/

Despite obvious challenges, the U.S. apartment demand performance was business-as-usual in the past year, aligning with the strong average absorption volumes the market was logging in the years before the COVID-19 pandemic downturn.

The U.S. apartment market absorbed a healthy 316,000 units in the year-ending 1st quarter 2021. Surprising to some, that result is on-par with average annual demand volumes around the 300,000-unit mark the nation has achieved since 2015.

While there were some pockets of weakness in the past year, as annual apartment demand faded to below 200,000 units in 2020’s 2nd and 3rd quarters, the comeback was swift and solid in 4th quarter and in the first three months of 2021, supported by the healing U.S. economy.

In 2021’s 1st quarter alone, the country’s occupied apartment count climbed by roughly 53,000 units. That’s a very good result for what is traditionally a seasonally slow leasing period. In fact, that demand total is roughly double the average results from 1st quarters over the course of the past decade.

To learn more about the data behind this article and what RealPage has to offer, visit https://www.realpage.com/.

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ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.