📈 Data Point 

New Multifamily Permits Hold Steady

According to U.S. Census Bureau data, new multifamily building permits remained stable in April 2025, with over 441,000 units authorized on a seasonally adjusted annual basis. While activity has cooled slightly from the pandemic-driven highs, developers are still pursuing new projects, especially in urban areas with strong rental demand. Starts and completions for structures with five or more units have also remained resilient despite interest rate concerns. These numbers reflect ongoing confidence in the multifamily sector, particularly in markets with strong job growth and rental absorption.

🧭 Market Watch 

Texas Cities Benefit from Higher Housing Density

A study shows that increasing housing density is paying off for several Texas cities, including Austin, Dallas, and Houston. Cities that have eased zoning restrictions and promoted multifamily development are seeing economic benefits like lower housing costs and higher local spending. These cities are also seeing faster population growth, as residents look for affordable alternatives to single-family housing. The study notes that flexible housing policy directly supports long-term growth and community resilience. Texas continues to lead the way in adapting to new housing demands with pro-density policies.

🧾 Rule of the Day 

Cap Rate (Capitalization Rate)

The Cap Rate is a core metric in multifamily investing that shows the expected return on a property based on its income. It’s calculated by dividing the property's Net Operating Income (NOI) by its purchase price. For example, a property generating $100,000 in NOI and selling for $1 million has a cap rate of 10%. A higher cap rate often suggests a better return, but it can also signal higher risk. Investors use this formula to compare deals and understand relative value across markets. Know more.

🌱 Green Build

EV Charging Comes to Midwest Multifamily Properties

A new initiative is bringing large-scale EV charging infrastructure to multifamily properties across the Midwest. Funded through a mix of public and private investment, the project is helping building owners install Level 2 and Level 3 chargers at apartment and condo complexes. States like Illinois and Minnesota are leading the rollout, targeting properties with over 20 units. The effort is designed to remove key barriers for EV adoption, especially for renters who don't have access to private garages. It also gives landlords a new value proposition as demand grows for green amenities. Know more.

🏘 Deal Radar 

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