U.S. Multifamily Market Regaining Its Balance As Yearslong Supply Wave Tapers Off

The multifamily market is beginning to see light at the end of the tunnel as deliveries slow and rent growth begins to show signs of recovery — albeit slowly.

As multifamily overcomes a supply overhang, quarter-over-quarter rent growth reached 0.3%. While relatively flat, it marked the first third-quarter increase in four years. Rents ticked up 1.4% in the first three quarters, according to Yardi Matrix.