Today in Multifamily Housing

🎙️ Today in Multifamily Housing - July 21, 2025


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Episode Description:

Welcome to another insightful episode of "Today in Multifamily Housing" with hosts Alex Carter and Ben Jacobs. In this Monday morning briefing, we dive deep into the latest developments shaping the multifamily real estate landscape.

📊 What We Cover:

🏗️ Construction Data Breakdown

  • June housing starts surge 4.6% to 1.32 million units annualized
  • Multifamily construction leads with an impressive 30% monthly jump
  • Single-family struggles continue with starts dropping to 883,000 units
  • What this data really means for developers and investors

💰 Major Investment Activity

  • SPI Advisory & FCP's strategic 600-unit acquisition in Lewisville, Texas
  • MLG Capital's inaugural Washington state purchase in Silverdale
  • Marcus & Millichap's $15.6M California deal in Manteca ($279K per door)
  • Analysis of the dominant "value-add" investment strategy

📈 Market Reality Check

  • The truth behind 23 consecutive months of rent declines
  • Why renters are only saving $50 despite two years of "declining" rents
  • Pittsburgh: America's only market where buying beats renting
  • Builder confidence remains in contraction territory

🎯 Key Takeaways:

  • Multifamily construction is driving housing market recovery
  • Smart money is targeting specific high-growth submarkets
  • Rent affordability challenges persist despite technical declines
  • Investment focus on value-add plays in secondary markets


🤔 Episode Question:

With new multifamily supply coming online but minimal renter savings, where will the balance of power shift in the next year? Will new supply favor renters, or will persistent demand keep owners in control?

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Duration: 5 minutes 46 seconds | Professional industry analysis for multifamily housing professionals

Perfect for: Real estate investors, property managers, developers, multifamily professionals, and anyone tracking apartment market trends.

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Today in Multifamily HousingBy Multifamily Housing News & Analysis