Apartment developer survey indicates dramatic decrease in starts this year

August 30, 2024

Over 56 developers, operators, and investors participated in John Burns Research and Consulting’s Apartment Developer and Investor Survey. The report, launched in November 2023, gathered two months of multifamily market data, focusing on capital access, lease-up challenges, and development pipeline clarity. Key findings include a projected decrease in apartment construction, cautious investor behavior due to tightened financing, the importance of affordability for tenant retention, and the emphasis on superior design and amenities for community success. Bottom line: Anticipate construction slowdown, cautious investor sentiment, prioritize affordability, and emphasize superior amenities.

Bottom Line: Anticipate construction slowdown, cautious investor sentiment, prioritize affordability, and emphasize superior amenities.

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Neal's take

When our team looks at research, we give the most amount of attention to a company called John Burns. Their research tends to be the most thought-provoking and interesting. So their bottom line of construction slowdowns, cautious investor sentiment, and prioritizing affordability is something that we are weaving into our going forward strategy.