Tuesday, September 2, 2025

Apartment watch

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

Southern metros drive multifamily growth in 2025

Southern metros remain a focal point for multifamily growth, supported by migration trends, job creation, and relative affordability. The U.S. apartment construction market is regaining strength in 2025, with an estimated 506,353 new...
Rents change

Rent growth turns negative in August

The latest rent report from Apartment List shows that the national median monthly rents fell in August with rent growth of -0.16 percent. This is the third consecutive year in which month-over-month rent growth...
sewer charges may be allocated through a RUBS program

Don’t let money go down the drain

As we continue down the “Show me the money” dive into our Ratio Utility Billing System (RUBS) program, we are reviewing each category to see where our opportunities for improvement are. In that spirit,...
multifamily property transactions rise in Q2 2025

Multifamily property transactions surge in Q2

The market for U.S. multifamily properties outperformed in the second quarter of 2025, outpacing nearly every other commercial real estate sector in both transaction value and annual price growth, according to the latest Altus...
CBRE analyzes multifamily cap rates

Multifamily cap rates expected to stabilize

New data from CBRE’s H1 2025 Cap Rate Survey suggests that overall cap rates may be poised for modest compression while multifamily cap rates are expected to remain largely unchanged. Despite heightened uncertainty over...
multifamily property prices flat

MSCI: Multifamily property prices unchanged in July

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were unchanged in July compared to the revised level of the month before. This is the second consecutive...

Census bureau’s multifamily start numbers face sharp scrutiny

The U.S. Census Bureau’s latest housing starts report is drawing some of the sharpest criticism in recent memory. In July, the agency reported 42,000 multifamily starts — the second-highest July in nearly...

Interest rates: A balance of risk

Federal Reserve policymakers find themselves at the center of a spirited debate as the U.S. economy heads into autumn. With inflation running at 2.7 percent as of July and labor market data sending mixed...
a flat fee for a waste amenity

Watch for flat fee complications

As we continue down the “Show me the money” dive into our Ratio Utility Billing System (RUBS) program, let us review each category to see where are our opportunities for improvement. In that spirit,...
multifamily starts forecast for 2026 raised

Multifamily starts forecasts revised higher

Revisions to Fannie Mae’s August housing forecast raise the number of multifamily starts expected in 2025 and 2026 from those in last month’s forecast. Fannie Mae is now predicting 389,000 starts in 2025 with...

Tariffs hit the Home Depot

Home Depot, primarily through its subsidiary HD Supply (formerly Home Depot Pro Multifamily), is the largest distributor of maintenance, repair, and operations (MRO) supplies for the U.S. multifamily housing industry. According to industry information...
multifamily completions

Multifamily starts rise to multi-year high in July

The Census Bureau’s report on new residential construction stated that multifamily permits fell slightly in July. Multifamily starts added to last month’s gains while multifamily completions were reported to slide. It also reported that...
regulations on apartment operations impact rents

Study finds regulations on apartment operations lead to higher rents

Regulations designed to protect renters from discrimination and eviction are having the unintended consequence of driving up rents for the very people they aim to help, according to a comprehensive new study of rental...
multifamily real estate investment growth

Multifamily real estate investment rises in Q2

Commercial real estate's multifamily sector delivered a tale of two markets in the second quarter, with robust annual growth masking quarterly volatility as investors navigated policy uncertainty and shifting lending conditions according to a...
record apartment demand

Record Q2 multifamily demand as vacancy falls to 4.1 percent

The U.S. multifamily housing market delivered its strongest second-quarter performance on record in 2025, with rental demand vastly outpacing new construction and driving vacancy rates to their lowest levels since before the pandemic. The...
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