Freddie Mac projects increase in YOY multifamily originations
Multifamily originations in 2025 are expected to surpass last year’s volume, thanks to stabilizing, although higher, interest rates, an expensive for-sale market and the nation's extreme shortage of housing, according to Freddie...
The double materiality payoff
The 1944 Film Noir, “Double Indemnity, gets its title from the insurance clause which doubles life insurance payouts due to death occurring in a rare way. Whenever I hear the sustainability term “double materiality”,...
Construction materials prices move modestly higher
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.2 percent month-over-month in December on a seasonally adjusted basis. The index of components and...
Rent growth still in seasonal decline
Yardi Matrix reported that the national average asking apartment rent was down $4 in December compared to the revised level of the month before at $1,742 per month. The national average year-over-year asking apartment...
Strong employment growth seen in December
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth continued to be strong in December. In addition, the employment levels all 4 multifamily-related job categories we track showed...
CoStar: multifamily property prices continue rise
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in November. However, this index was down 5.2 percent year-over-year. The month-over-month price movement reported by CoStar varies significantly from that...
Two myths of solar
There are a couple reasons that I am thinking about solar and the myths about its efficacy today. As I look out my window and watch the snow falling, I am reminded of the temperature...
Factors driving apartment demand and consumer sentiment
Last year’s surprising upside in apartment demand is expected to continue this year, even if the pace of absorption slows due to fewer new deliveries, said RealPage Chief Economist Carl Whittaker, who...
Rents in winter chill
The latest rent report from Apartment List shows that the national median monthly rent growth in December was -0.64 percent. Rents have fallen on a month-over-month basis since August 2024. Year-over-year rent growth was...
Multifamily starts forecast to rise starting in late 2025
Fannie Mae’s December housing forecast calls for multifamily housing starts to bottom out in mid-2025 and then to steadily increase through the rest of the forecast horizon. The forecast for single-family housing starts was revised...
Job openings higher again in November
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in November was 7.74 million. This was reported to be up 259,000...
Contemplating solar
My husband tells me this is a true event, although I do not have any memory of it. In 2017, I had surgery and underwent general anesthesia. When finally allowed to see me, my...
Multifamily CMBS delinquency rate continues climb in December
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose sharply again in December. The overall CMBS delinquency rate also rose, climbing another 17 basis points. Overall CBMS delinquency rate higher again For...
Growth in multifamily mortgage debt increases in Q3
The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $29.83 billion in Q3 from the revised level of the quarter before. Total multifamily debt reached a level of $2.123 trillion....
MSCI: Only multifamily property prices fall in November
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.3 percent from their level of the month before in November. Prices were down 5.7 percent from...
