how Thanks, growth third they XXXX early include our and trends Tom. XXXX into regions. an I operating on same-store The quarter topics year results, full today quarter cover across same-store second outlook, our our will update factor and results
previously homes delinquent and rates strong by we and of begin, in year-over-year continue occupied second Similar To at NOI apartment that to grew X.X% quarter. respectively, the quarter, long-term revenue to the X.X% residents. same-store were first recapture
do initial guidance. on of and levels this expense was as work continue to in maintenance repair pressured relative behind delinquents disruptions largely we our in still to and collections high-level to to us, have This what reverted but baking are month long-term and near improve. increased front, pre-COVID believe our these temporarily some units now pricing There's the
favorable quarter. to trends to see Next, we third the start fundamental continue
remains been stronger solid is traffic. Year-to-date has than healthy. supporting job demand most First, growth which relatively of anticipated levels
to Second, appear low-to-mid-XX% health pace in in robust of the markets, rent largely with as has steady the our growth wage financial range. residents inflation kept resulting most in levels rent income
at Second its X% due down year XX% ago. quarter and quarter only rent increases from totaled peak to move-outs roughly last a XX%
less to a pre-COVID. an Only home remains XX% second quarter favor affordability with and is XX% due mortgage historical purchase move-outs X% relative low is were than our prices, hovering in XX% single-family less X% than apartment versus our owning of average. in which home around bolstering rates renting Third, expensive approximately inventories expensive home less the
of And we've remain concessions where The offering a minimal approximately half last, across average our been on new new primarily being are concessions levels supply leases and same-store portfolio. delivered. concentrated in submarkets week certain elevated remain,
confidence in ability drive sequential second same-store in growth have XXXX. we backdrop, our this With to of revenue the improvement further half
rent year of over slow over the X% after pre-COVID sequential to approximately First, start the growth above last average X% a the four of market the months same is timeframe.
our XXXX face, and blended anchored August by growth year-over-year July of in difficult rate given similar XX.X% lease most on growth rate blended we June, June comparisons and mid-X% lease the results and mid-XX% July range the average. of occupancy to are are
This XXXX earn-in. XXXX also the acceleration contribute comparisons momentum loss with to and rate not strong the As XXXX, growth growth growth lease to and would year rent combined both but new in lease our benefit positively our results result to progresses, This, lease blended should in ease. only throughout when year. our rate
of stands than periods. to is to portfolio related fourth at of Second, leases quarter in due Much our first and of during XXXX, this to at the seasonality X%. loss X% lease greater level typical the to those XXXX signed quarter
upside X%. the a average New Boston, lease approximately have are Francisco which loss Seattle D.C., weighted same-store largest York, with Washington our of to half NOI San and collectively of
and is turnover revenue improving, both expense And has benefits. third, which resident
During first XXXX. XXXX, of had half skips compared unit more we turns of approximately resident XXX from half the to and evictions first the
maintenance occupancy, $X.XX costs, expense turn and $X.XX which our expenses collectively reduced repair our by administrative to impacted This per approximately share. earnings and
are Now that half norm a on turn long-term in days XXXX delinquent and we pressure to XXXX. of in the less costs, closer and residents reduction pre-COVID second vacant for expect we pricing the into improved
growth X% above operating expect levels in to In all, have and compares we half the X% seen same-store back X.X% approximately pre-COVID of third year a of year favorably quarter, positive we and produce momentum begin the as to revenue averages sequential which the to ago.
X.X% to initiatives; the the same-store our we've included: rate other two, XXXX midpoint provided X% points four, year growth of this contribution this with and earn-in; income that X.XX%; flat full achieve Relating half XXXX the from being building to blocks growth full three, or basis recall revenue guidance to blended of our guidance year-over-year XX year of one, occupancy.
lease been better what removing offset headwind delinquency. XX realized year-to-date was by versus from far, of Thus quicker-than-expected rate basis original occupancy success guidance blended growth has points in our long-term
We approach revenue will balanced and continue NOI. maintaining to to and take between occupancy rates a maximize pushing
positive seen has we The trends. regional have coast to the on Turning momentum continued.
Weighted markets with new blended supply nearly of average minimal portfolio the of revenue achieved robust same-store New pricing of York rate to power the are levels growth, X% East Northeast and continue support X.X% we Coast, On competitive standouts. lease and was second year-over-year XX.X%, traffic growth our quarter during occupancy Boston and quarter.
blended for West in On a range stable point portfolio. Seattle usage. acceleration remained a lease compared basis a sequential the XX consistent entire has second point the with in with Coast, deceleration standout mid-XX% growth to the occupancy XX concession basis the in was quarter rate
Return and created in artificial pricing office cover. both the various mandates new intelligence with levels to by has coupled companies large traffic enhanced for employers region, jobs
Sunbelt pair negative face to rate levels. has led of occupancy to growth the in continues a Lastly, that maintain new lease order headwinds to
supply new is XXXX. continue high the expect we would to relatively through First deliveries, which level of
power continue various growth Second residents. increase affecting our an to attributable in income near and pricing expect in to across constrained few markets the long-term year we to years, term, believe level nearly factors, is certain to outpacing growth the for growth prospects. though twice affordability we the in Sunbelt rent these prior the of past Because over compounded remain skips
to that we in are excited Texas I'm under acquire. to communities Finally, contract the six operate
are markets. same identified in-place Our operating with team points the controllable properties basis XXX on in that approximately margins acquisitions UDR communities below average
acquisitions existing these onto upside compelling platform, our bringing best-in-class ongoing and we By our can drive through operating create initiatives. value innovation and
continuously In for to thanks innovate and execute strategies ability teams results. drive technologies we as new strong adopt to to closing our your our
turn Joe. the I now will call to over
