Apartment Watch

Things to watch, what to know, in your apartment operation

copper wire

Construction materials price rises moderate in July

The Bureau of Labor Statistics (BLS) released its producer price index (PPI) report for July 2022. It stated that construction materials prices were up...

Housing affordability falls to lowest level since Great Recession

Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great...

Rental vacancy rate declines in Census report

The Census Bureau released its quarterly report on home ownership and occupancy for Q2 2022. It showed that the rental housing vacancy rate was...
Orlando leads in rent growth

Rent growth rate declines in July

Yardi Matrix reported that the national average apartment rent growth in July was $10, bringing the average rent to $1,717 per month. Rent growth rate...
multifamily jobs

Multifamily jobs reported higher in July

The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in both apartment operations jobs and residential construction jobs was...
residential construction

Construction spending falls on single-family decline

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in June was down 1.7 percent from...
job openings

Job openings down again in June

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in...
apartment building price growth

Multifamily property prices up despite sales slowdown

CoStar reported that its value-weighted index of multifamily property prices increased 22.9 percent, year-over-year, in June 2022. This index was up 1.4 percent month-over-month....
rent growth high despite vacancy rise

Above trend rent growth continues in July

The latest rent report from Apartment List shows that the national average rent growth in July was 1.1 percent month-over-month and 12.4 percent year-over-year....

NMHC and NAA statement on Biden Administration plan to increase housing supply

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) applaud the Biden administration for continuing to recognize the nation’s critical shortage of...

U.S. needs 4.3 million more apartments by 2035 to address demand, deficit and affordability

Amidst demographic shifts and lingering pandemic impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new...
multifamily property price growth

Multifamily property prices rise at torrid pace

The latest commercial property price report from MSCI (formerly Real Capital Analytics) said that multifamily property prices rose 23.7 percent year-over-year in June and...

Trending

Recent posts

Yield PRO