RealtyRates.com Developer Survey                                                                1st Quarter, 2021


Market Commentary

RealtyRates.com™ Developer Survey Reports Modestly Increased Discount Rates For All Sell-Out Property Types During 4th Quarter 2020

Prices continued their upward trend and inventories continued to tighten, modest increases in average discount rates for all sell-out property types were reported during the 4th Quarter of 2020.

Site-Built Residential Subdivision and PUD rates increased an average 12 basis points, as did Manufactured Housing rates during the 4th Quarter. Business Park rates were also up 13 basis points and Industrial Park rates increased an average 12 basis points during the same period. Residential Condominium and Co-Op rates meanwhile were up 14 basis points. Meanwhile, Commercial/Industrial Condominium rates increased 22 basis points.

Overall, pro-forma and actual discount rates moved largely in tandem, indicating a market consistent outlook by developers.


National Quarter-Over-Quarter Discount Rates


National Sell-Out Property Discount Rates

Subdivisons and PUDs

The following summarizes discount rates for conventionally financed subdivisions and planned unit developments (PUDs) nationwide. Actual Rates are historical rates achieved by survey respondents, while Pro-Forma Rates reflect forward-looking revenue and expenses and developer's profit is not treated as an expense.


National-Subdivisions and PUDs

Condominiums and Co-Ops

The following summarizes discount rates for conventionally financed condominium and co-op projects nationwide. Actual Rates are historical rates achieved by survey respondents, while Pro-Forma Rates reflect forward-looking revenue and expenses and developer's profit is treated as an expense.


National-Condominiums and Co-Ops


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