Apartment watch

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

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. The year-over-year increase is down from that seen in May,...
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. Both of these rates are down from those posted last...

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 affordable housing and taking additional steps to help address it. In...

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 apartments by 2035, according to a new study commissioned by...
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 that they rose 1.6 percent from the month before. Both...

Higher interest rates begin to impact multifamily

Apartment sales volume fell while both equity and debt financing became more costly, according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2022. However, demand in most markets...
economic growth

Fannie Mae sees slower economic growth ahead

Fannie Mae’s July economic and housing forecasts predict negative GDP growth in Q2 2022 and a recession in early 2023. The slowdown in economic growth is also expected to be felt in housing construction...
pillars awards 2021 community of the year

NAHB now accepting Pillars Awards applications

Since 1990, the National Association of Homebuilders (NAHB) has sponsored the Pillars of the Industry Awards to recognize excellence in apartment and condominium design and development, interior merchandising and superior property management and marketing. The Pillars...
behind on their rent

Pulse Survey shows slow response to rental assistance requests

The “Week 47” edition of the Census Bureau’s Pulse Survey shows that about one in seven renters are behind on their rent payments. This is roughly the same portion who were behind when we...
apartment construction

Multifamily housing construction looking strong heading into summer

The Census Bureau’s new residential construction report for June showed multifamily permits and starts both recovering from last month’s declines. Unit completions fell during the month but were up compared to 2019. Multifamily housing permit...

Builder confidence plunges as affordability woes mount

Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic. In a further sign of a weakening housing market, builder confidence...
orlando leads apartment rent growth

Yardi Matrix reports high but declining rent growth

Yardi Matrix reported that the national average apartment rent rose $19 in June to $1,706 per month. However, this is $26 per month higher than the rent level reported last month, implying that last...
asphalt roofing and siding

Construction materials prices higher despite lumber price drop

The Bureau of Labor Statistics (BLS) released its producer price index report for June 2022. It stated that construction materials prices were up 0.3 percent in the month, seasonally adjusted. The index was 15.1...

Sponsored: 6 must-ask questions for any managed WiFi provider

Selecting the right partner is key to a great managed WiFi solution for your MDU property and residents. Set your community up for success by asking each potential partner these questions. Will you design...
wage pressure

Inflation puts multifamily wages under pressure

The wage data the Bureau of Labor Statistics (BLS) released along with its employment situation report show that hourly wage growth for three categories of employees of interest to multifamily owners and operators has...
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