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New data from Radix indicates there is no sign yet of a spring leasing bump in the apartment market. Jay Parsons reports that the start of the spring leasing season has been slower compared to the same time last year.
Parsons also mentions that additional data from major providers will be available in the coming weeks, which may provide more insight into current leasing trends.
Parsons has previously emphasized that rising rental supply has pushed single-family rent growth to a 10-year low, according to recent data. In another report, he highlighted the value of tracking net flows rather than purchases alone for more accurate market assessments, as detailed here. Both reports suggest continued focus on detailed leasing metrics in the current environment.