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May252022

Housing Shortage Deepens But Shortfall Will Lessen

UncategorizedBy Ryan DavisMay 25, 2022

1Q22 Witten Advisory Excerpt: For the last 10 years, we’ve been reporting that the U.S. faced a housing shortage and, as our familiar slide above shows, the shortfall in housing available has never been greater.  The nation ended 2021 with more than 2m fewer empty housing units than normal.  You’ll notice that the short supply…

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May12022

Leasing Outpaces Net Supply in All Markets

UncategorizedBy Ryan DavisMay 1, 2022

1Q22 Witten Advisory Excerpt: The affordability stress of renters in Phoenix may be showing up in slowing demand growth.  In the above supply/demand scatterplot, Phoenix demand did outrun completions, but only by a slim margin as occupancy rose by just 60 bps year-year.  While occupancy still firmed in Phoenix, that increase ranks among the smallest…

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