Apartment watch

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

Confidence in multifamily housing weakens in first quarter of 2022

Confidence in the market for new multifamily housing turned downward in the first quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders...
pulse survey rent delinquencies

Rent delinquencies rise in latest Pulse Survey

The “Week 45” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments has grown since we last reported on this survey. What is the...
apartment construction

Multifamily housing construction starts boom

The Census Bureau’s new residential construction report for April showed continued high levels of multifamily housing construction permit issuance and unit starts, but unit completions declined, resulting in another increase in the number of...
multifamily property price appreciation

Yardi Matrix studies multifamily property price appreciation

A recent report from Yardi Matrix examined the price appreciation seen over the last decade for multifamily properties which were resold frequently. These tended to be Class B and Class C properties targeted for...
multifamily mortgage originations

Strong multifamily mortgage originations in Q1

A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgages originations in Q1 were up sharply on a year-over-year basis. Tracking multifamily mortgage originations The first chart, below, shows the quarterly origination volume indices...

Construction materials price rises outpace CPI in April

The Bureau of Labor Statistics (BLS) released its producer price index report for April 2022. It stated that construction materials prices were up 0.8 percent in the month, seasonally adjusted. The index was 21.2...
rent growth leader miami

Rent growth rate slips slightly in Yardi Matrix survey

Yardi Matrix reported that the national average apartment rent rose $15 in April to $1,659 per month as rent growth declined slightly. Rents growth rate still high but declining The national average apartment rent was up...
multifamily property in NYC

CBRE reports strong Q1 multifamily fundamentals

CBRE reported that record high apartment absorption over the last 4 quarters set the basis for very strong measures of performance for the multifamily property market. Comparing universes CBRE gathers its data from 69 markets that...
ULI economic forecast

ULI economic forecast sees continued growth

The Urban Land Institute (ULI) recently released its biannual economic forecast for spring 2022. It generally has a more positive outlook for the economy and for the multifamily housing industry than did their last...
multifamily jobs

Multifamily jobs numbers edge higher

The latest Employment Situation Report from the Bureau of Labor Statistics stated that the numbers of residential construction jobs and of apartment operations jobs both rose for the month, but not all multifamily jobs...
commercial property price rises

Multifamily property prices cooling

The latest CoStar report on the changes in the prices of commercial property in the United States said that the equal-weighted quarterly index of multifamily property prices rose 13.3 percent over the last 12...
quit job

Job openings and quits set records in March

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings hit a new record high at the end of March. Hiring was...
residential construction spending

Residential construction spending rises despite multifamily stall

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.0 percent from the revised level of the month before. Residential construction spending...
rent increases

Rent growth rises with the season

The latest rent report from Apartment List shows that the national average rent growth in April reached 1.0 percent month-over-month and 16.4 percent year-over-year. The history of rent growth The last two years have been extraordinary...
student housing

Student housing suffers supply/demand pressures

U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...
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