It's not good enough to give investors important fundamentals: how CAPEX will affect IRR, terminal cap rates (TCR), area growth, crime, actual figures for vacancy, absorption, expenses, etc. 

Second quarter absorption saw strong demand in 3 Star priced units emerging for the first time since 2021.

However, despite this growth, the number of newly constructed units has exceeded the rate of absorption for the past seven quarters, dating back to 2021.

While the national vacancy rate is expected to remain below its 20-year average of 7.3%, the next 12 months could still prove to be one of the more challenging periods for the market over the next five years.So far during 2023, net absorption has remained positive but lost steam, with 2023Q2 coming in 30% below second quarter levels averaged during the three years prior to the pandemic.

This is likely to lead to further negative absorption and higher vacancy in the coming months.

The first couple runs will result in faster absorption due to the soil being drier.

I also see instances where units are forced for the sake of meeting the desired unit count and end up with poorly designed units and absorption issues.

Plus, as others have mentioned, 5-6 years of lower than absorption new housing starts and pent up first-time home buyer demand means there's plenty of demand if confidence remains stable.Things may not go up everywhere, but collapse is much too strong a word for 2015.Happy New Year!

Hedges are better than trees for sound absorption.

Is the underlying demand in real estate strong enough (it seems like people here think it's VERY strong) to be able to support absorption?