US RENTAL VACANCY RATES MAP
View rental vacancy rates map across select metropolitan statistical areas (MSA) across the US. Red color regions indicate higher rental vacancy rates, yellow color denotes lower vacancy rates. In general, renters in regions with high-vacancy rates have more bargaining power and can negotiate for better terms. By contrasts, landlords in regions with low-vacancy rates have more power and can be more selective with their tenants. Rental markets with low-vacancy rates are much more competitive.
US HOUSING SUPPLY MAP
View housing supply map across different areas in the US. Red color denotes housing supply shortages, and yellow denotes housing supply surplus. Shortages / surpluses are calculated by comparing the ratio of new jobs and building permits compared to historical (2010-2019) average. Housing shortages occurs when new jobs are created faster than building permits compared to historical average.
In general, sellers have more power in markets with housing shortages. Moreover, persistent housing supply shortages should lead to stronger price gains over the longer term. It creates a structural advantage for homeowners and landlords.
US SINGLE FAMILY HOUSING SUPPLY MAP
View single family housing supply map across select US metropolitan statistical areas. In many areas, single family homes are in shorter supplies compared to multi-units homes (apartments, condos, town-houses). This confers a price-appreciation advantage for single family homes compared to multi-dwelling units in the same area, especially if the supply gap between single family homes and multi-units dwellings persists. From an investors’ perspective, it makes more sense to invest in a product that is in a more severe shortage.