JLL: Most Large U.S. Multifamily Markets Peaking
JLL's Multi-family clock for Q1, 2018 indicates that most large U.S. multi-family markets are peaking with Austin and New York City in falling territory while Houston has started bottoming out.
According to the clock, Phoenix, Minneapolis, Orlando, and San Diego have the longest legs in their peaking phase while Chicago, Nashville, and San Francisco are closest to the precipice.
JLL's clock can be found here.