ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
•
•
•
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
•••
➢
➢
➢
•➢
➢
➢
➢
➢
ARBOR.COM • 1.800.ARBOR.10
•➢
•➢
➢
➢
•➢
•••
ARBOR.COM • 1.800.ARBOR.10
•
ARBOR.COM • 1.800.ARBOR.10
••
•
•
➢
ARBOR.COM • 1.800.ARBOR.10
•
•
•
•➢
➢
ARBOR.COM • 1.800.ARBOR.10
•
➢
➢
––
➢
➢
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
Source: Fannie Mae Multifamily Economics and Market Research Estimates * Preliminary
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
ARBOR.COM • 1.800.ARBOR.10
•
•
•
< 3
Sources: Chandan Economics and National Bureau of Economic Research
3 - 5 5 - 7 7 - 9
Duration of Expansion in Years
> 9
Freq
uenc
y
Historical BusinessCycles 1945 — Present