The Yardi Matrix U.S. Multifamily Outlook for fall 2016 found that national rent growth has continued but slowed, while a couple bursts of job growth has helped propel the market forward.
- U.S. rents were up 5 percent annually in August, slowing from the 6-plus percent increases reported for the majority of the year.
- Washington D.C. and Baltimore annual rent growth reached 3.6 percent and 3.2 percent, respectively, in August.
- Completions in Washington D.C. made up 3.6 percent of the total stock of new homes, with 17,800 new units forecasted by the end of 2016.