Wednesday, November 20, 2024

Apartment watch

Apartment watch

Multifamily starts higher despite fall in permits

The Census Bureau’s new residential construction report stated that multifamily starts moved higher after last month's fall. However, both multifamily permits and completions were...
FHFA announces loan purchase caps
Apartment watch

2025 GSE multifamily loan caps set

The Federal Housing Finance Agency (FHFA) announced that the 2025 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be...
home builder confidence
Apartment watch

Builder sentiment improves after election

Builder sentiment improved for the third straight month and builders expect market conditions will continue to improve with Republicans winning control of the White...
CBMS loan analysis
Apartment watch

Multifamily CMBS special servicing rate higher in October

Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher for the third month in a row in October,...

Which multifamily market will see the highest rent growth in 2025?

construction material prices for copper wire

Construction materials prices rise in October

requiem for sustainability

Requiem for sustainability?

multifamily mortgage originations

Multifamily mortgage originations rise and return to seasonal pattern

rent growth

Rent growth continues seasonal downturn in October

CMBS delinquency

Multifamily CMBS delinquency rate declines in October

Deal boom

Inland Empire Apartment Portfolio
Deal boom

Marcus & Millichap Closes $25M Nine-Property Inland Empire Apartment Portfolio Sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a...
Fox Pointe
Atlantic region

Housing Trust Group Breaks Ground on Fox Pointe, a 70-unit Affordable...

Housing Trust Group (HTG), a leading nationwide multifamily developer, has closed on financing and commenced construction of Fox Pointe, a $25.7 million affordable housing...
Flora

Fulton Market Luxury Residential Tower, Flora, Completes Construction and Welcomes New...

The Maddox

Thompson Thrift Hosts Ribbon Cutting for Luxury Apartment Community The Maddox...

Presidium Valley

Presidium Announces Leasing for Phase I of Presidium Valley View Near...

Willow Pointe

Institutional Property Advisors Closes Multifamily Asset Sale of Willow Pointe in...

Movers and shakers

Antoinette Brothers
Movers and shakers

Antoinette Brothers of the Peabody Companies Passes SHCM Exam

The Peabody Companies, a group of award-winning property management and real estate firms, is proud to announce that Antoinette Brothers of Cambridge, Massachusetts, has...
Quinn Konitshek
Midwest-South region

Cityview Expands Southwestern U.S. Presence with Opening of Dallas Office, New...

Cityview, a premier multifamily investment management and development firm, announced the hire of Quinn Konitshek, the firm’s new Director of Acquisitions. “With the hiring of...
Paul Sween

Dominium’s Paul Sween to be Inducted into the Affordable Housing Finance...

CJ Angle, Chelsea Jervis, Ryan Fitzpatrick

Berkadia Adds Three Investment Sales Advisors in Irvine: CJ Angle, Chelsea...

Corey Gustafson

JLL’s Value and Risk Advisory Platform Appoints Corey Gustafson as Executive...

Mark Workman

BH Properties Appoints CRE Veteran Mark Workman to Managing Director, Investment...

Latest issue

In President Biden’s press conference on July 11, he mentioned his plan to impose rent control with a 5 percent rent increase cap on corporate landlords as part of his second term agenda if reelected.
Article

Biden calls for rent control

President Biden formally announced his national rent control plan at a campaign event in Nevada July 16. The president intends to limit rent increases to...
PRO Reflections

The price of disorder

I was once pitched a deal in the heart of the Amazon—Manaus, Brazil. What was I buying? Firstly, a commercial asset. But I couldn’t...
High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy?

INFOGRAPHIC: A luxury vibe

Job openings at small businesses fire on all cylinders—despite Federal interest rate increases

INFOGRAPHIC: Small businesses keep labor market flying

INFOGRAPHIC: Have CRE foreclosures hit bottom? Probably not.

INFOGRAPHIC: Battle of will

Often considered the slowest growing region in the U.S., the Midwest has recently shown surprising improvements, both in the performance of its multifamily markets and in the resilience of the region’s economy. The outperformance comes amid a volatile economic backdrop—the Midwest’s relative stability is one of the region’s defining features and highlights its importance in any multifamily portfolio.

New metrics make Midwest investment attractive

Avenue South Residences—56-story residential towers located on the western edge of Singapore’s urban core—will be the tallest buildings created with prefabricated prefinished volumetric construction (PPVC). The 988-unit multifamily housing towers will include 2,984 modules (ADDP Architects).

Mod, mod world

Texas-based property management software provider RealPage and California-based Yardi Systems and the clients who use their RM software are named as defendants in class-action lawsuits. The companies have drawn the additional scrutiny of the U.S. Department of Justice and the Federal Trade Commission, both of which are investigating for alleged price fixing in violation of antitrust laws.

Revenue management’s data dilemma

Despite broader economic inflation cooling significantly from pandemic peaks, the shelter inflation index has remained elevated, largely due to how the BLS calculates housing costs.

Why housing costs remain a major hurdle for lowering inflation

Apartmentalize roundup: Maintenance as cost saver, operations help close deals

Apartmentalize roundup: Maintenance as cost saver, operations help close deals

Persistently high interest rates are restricting the ability of businesses to borrow money to invest in real estate construction.

Building permits for apartments declined nearly 30 percent since pandemic

The simple answer is that the labor market is rather anemic, and people are being honest about their feelings about the economy.

Labor Department quietly cuts employment growth in half

The median household net worth of older millennials, born in the 1980s, rose to $130,000 in 2022 from $60,000 in 2019, according to inflation-adjusted data from the Federal Reserve Bank of St. Louis. Median wealth more than quadrupled to $41,000 for Americans born in the 1990s, which includes the generation’s youngest members, born in 1996.

Millennials rising

Despite inflation cooling to the lowest level in more than three years in July, there’s no way around the fact that consumer prices in the United States have risen sharply over the past three years, as several factors came together to form a perfect storm of inflationary pressures.

Categories hit hardest by inflation

bootstrap: Pulling oneself up by the bootstraps is the idea that a person can succeed “without help from others and as a result of one’s own hard work.” Ironically, this metaphor is widely used to represent the American dream of social and economic mobility through self-reliance. When first coined it described an absurd, impossible feat. How did bootstrap-pulling go from a ridiculous idea to an American ideal? Bootstraps are a loop attached to the back of a boot to help the wearer pull it on. The idiom dates back to 1834 when Mr. Murphee satirically described being “enabled to hand himself over a barn yard fence by the straps of his boots.” It appears throughout the 19th century, often in the company of other metaphors for ludicrous impossibilities such as “sitting in a wheelbarrow and trying to wheel yourself” and “getting rich by taking money from one pocket and putting it in another.”

Has capitalism come at the expense of the poor?

The council just approved a ban on websites that offer data about local rental markets and help landlords set their rents. The council blames these tools for exploding housing costs.

San Francisco city council targets free speech to cover up its...

If this debate eventually does come to a boil, the Supreme Court may need to further clarify its position on Skidmore jurisprudence. But for now, appellate litigators would be wise to steer clear of deference-based argumentation.

New game post-Chevron

According to a 2021 study by the University of California, Los Angeles and U.C. Berkeley, over one-third of public school employees are “rent-burdened,” meaning housing costs consume more than 30 percent of their income. The issue is particularly severe for food service workers, more than half of whom are affected.

California to turn unused school land into millions of housing units

Absorption rates have notably risen from 118,000 units in the first quarter to 166,000 in the second, fostering optimism among industry experts about a potential shift from decelerating fundamentals to a growth phase.

Market set for recovery

Would a YIMBY building boom rejuvenate urban family life or produce sterile, megacity hellscapes?

The housing theory of childless cat ladies

Insider fraud in this game could negatively affect investment funds, pension accounts, 401Ks, employee livelihoods, access to capital and even personal safety for residents.

Insider fraud in multifamily leasing: Is it happening under your nose?

Stricter land-use regulations force builders to spread their efforts over a large number of relatively small projects, limiting the number of homes they’re able to build. This, in turn, limits their ability to invest in better homebuilding technology or otherwise take advantage of economies of scale.

Is land-use regulation holding back construction productivity?

“Sitting empty:” Vast expanse of federal land eyed for new housing

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