by Calculated Danger on 5/02/2024 08:48:00 AM
At this time, within the Calculated Danger Actual Property E-newsletter: Lawler: Replace on Mortgage Charges and Spreads and in addition New / Renewal Rents
A quick excerpt:
As I’ve written about earlier than, that “new” vs. “renewal” hire progress hole has been noticed by publicly-traded firms which might be within the residential rental enterprise.
On that rating, listed below are some knowledge from Invitation Houses quarterly earnings complement on hire progress developments.
Word that whereas hire will increase on new leases have been extraordinarily low during the last two quarter, rents on renewals, whereas down from 2022, have been nonetheless rising at a comparatively speedy tempo.
There’s far more within the article.
