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Unformatted text preview: ect the pace of rates to rise
in the second half of the year. The average rental
rate was $915 a month in Q2, up from $900 in the
same quarter last year.
Apartment building sales volume is expected to
increase, although reduced financing availability
will hamper acquisitions, particularly with the
high demand for HUD financing and slow loan
processing. On the other hand, decreasing vacancy
rates and increasing rental rates will continue to strengthen the market at least until the new supply
comes online. Analysts expect the rental market to
remain strong due to weak job growth, minimal
new home construction, and financing challenges. Rental and Leasing
Given that NAICS categories are defined by process, Rental and Leasing is one of the more diverse
sectors in the NAICS structure. It includes an array
of companies tied together by their renting/leasing
function, but that are otherwise unrelated.
Rental and Leasing employment fell particularly
hard during the economic downturn, partially due
its tie to the c...
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- Spring '13
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