Apartment watch

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

October apartment market conditions showed some rebound from COVID-19 impacts

Apartment market conditions moderated in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for October 2020, as the industry continues to cope with the ongoing COVID-19 pandemic. While the Sales Volume...

Rent Payment Tracker: rent payments flat from September

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.6 percent of apartment households made a full or partial rent payment by October 20 in its survey of 11.4 million units of professionally...

NMHC releases 2020 National Multifamily Industry Compensation Survey

The NMHC 2020 National Multifamily Industry Compensation Survey  report is now available for purchase. As the premier source for market-level apartment industry compensation data, the 2020 Survey addresses current market practices in compensation program...
Inland Empire rent growth

No rent growth in September

Yardi Matrix released its September 2020 report on the multifamily rental housing market. The report shows a wide variation in rent growth results for different metro areas but flat rents for the country as...
multifamily housing construction

A mixed report for multifamily housing construction

The Census Bureau released its monthly new residential construction report for September 2020. It shows weakness for permits and starts but a surge in completions of multifamily housing units. Permits rebound mildly The number of permits...

Lumber price surge drives construction material prices higher

The Bureau of Labor Statistics (BLS) released its producer price index report for September 2020. It showed that the BLS price index of materials and components for construction was up 2.1 percent from August,...

Rent Payment Tracker: payments down from last month

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.8 percent of apartment households made a full or partial rent payment by October 13 in its survey of 11.5 million units of professionally...

Rent Payment Tracker: payments up slightly from last month

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.4 percent of apartment households made a full or partial rent payment by October 6 in its survey of 11.4 million units of professionally...

Pricing disconnect weighs on CRE investment activity

A new CBRE survey finds a wide disconnect on pricing expectations between buyers and sellers as a consequence of the COVID-19 pandemic that is weighing on commercial real estate investment activity. The CBRE survey found...

Invitation Homes announces $1 billion joint venture with Rockpoint Group

Invitation Homes Inc. announced that it has entered into an agreement with Rockpoint Group, L.L.C. to form a joint venture partnership that will acquire single-family homes to operate as rental residences. “In Rockpoint, we have...

Slow jobs recovery continues in August

The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for August. It shows slightly stronger jobs growth than in July, but not as strong as in May...

Industry responds to the Suspension of COVID relief negotiations

Multifamily industry associations issued the following statements after President Trump announced that coronavirus stimulus talks would be put off until after the November election: Statement from NMHC President Doug Bibby: The breakdown of negotiations this afternoon about the...

GSEs increase share of multifamily mortgage debt in Q2

A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt outstanding shows that lending for mortgages on multifamily properties continued in Q2 2020. Total multifamily mortgage debt rose by 2 percent, or...
student housing U of Fla

Update on student housing

RealPage recently presented their student housing fall market update. It reported that rent growth and occupancy numbers are below what has been seen in recent years but they are not as bad as some...
multifamily property prices

Multifamily property values continue to rise in August

A pair of recent reports, one from CoStar and another from Real Capital Analytics (RCA), show that multifamily property continues to see price increases despite the pandemic. Defining the indices The CoStar report focuses on a...
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