INSIGHTS
Wind in the Willows
Apartment Demand – The Cycle Continues
The drivers of supply and demand are important inputs that dictate where our next investments will take place.
Building Boom – We’re in the Strangest Places if You Look at it Right
Building boom. Even in the wake of a third major bank failure in 2023, the US Economy seems relatively unfazed by a continued string of bad news.
Worker Migration Makes Inflation Contagious
Worker migration. Workers move for a lot of different reasons. Some are looking for a better paying job, others are looking for more affordable housing
Rent Growth – There is a Road, But it’s No Simple Highway
2022 ended with a giant thud for rent growth. As can be seen in the charts below, vacancy rates were up and rent growth was negative by more than it has been in a long time. As 2023 began, the picture appeared slightly rosier for the asset class. Vacancy rates continue to head higher, but a resilient renter has meant 2 months of positive rent growth. This is far from intuitive given recent layoff headlines.
Multi Build? Not all MSAs are The Same
Multi Build? If you’ve been watching WCP operate over the last years, you know that we love irrational markets when they favor taking risks