<a href="https://laohu8.com/S/RKT">Rocket Companies</a> Inc. Reports Uptick in Rental Absorption as Apartment Construction Slows, Rents Begin to Rise
Rocket Companies Inc. has released a new market analysis, revealing a notable trend in the rental apartment sector. According to the report by Redfin, approximately 48% of newly constructed apartments completed in the first quarter of 2025 were rented within three months, marking a slight increase from previous quarters. This uptick comes after a period of declining absorption rates from 2021 to 2023, suggesting a shift in the rental market dynamics. The increase is attributed to a slowdown in new apartment construction, which results in fewer options for renters and allows landlords to fill units more rapidly. In the first quarter, only 97,000 new apartments were completed, the lowest level since late 2023. As the rental market tightens and fewer Americans can afford homeownership, rents have begun to rise, with the median U.S. asking rent reaching $1,790 in August, a 2.6% increase year-over-year. Despite this, the current absorption rate remains below the pre-pandemic levels, indicating ongoing challenges in the rental market. For further details and insights, the full report is available on Redfin's website.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250912658793) on September 12, 2025, and is solely responsible for the information contained therein.
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