Apartment watch

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

NAA seeks monetary damages from unlawful eviction moratorium

The National Apartment Association (NAA) filed a lawsuit in the U.S. Court of Federal Claims to recover damages on behalf of rental housing providers who have suffered severe economic losses under the U.S. Centers...
apartment prices

RCA: Multifamily property prices up

A report from Real Capital Analytics (RCA) said that multifamily property prices rose 12 percent in the year to June, topping the rates of price growth for the other commercial property types they track....
California housing affordability

California spends big on housing

Governor Newsom of California recently signed AB 140 into law. This bill is a trailer to the 2021-21 California State Budget and funds ambitious housing and homelessness prevention programs in the state. It allocates...
fannie mae forecast

Fannie Mae lowers near-term GDP growth forecast

Fannie Mae’s July economic and housing forecast projects a flattening of the GDP growth curve in 2021, with lower growth in Q2 but higher growth in Q3 and Q4 than projected in earlier forecasts....

July apartment market conditions showed improvement across all metrics

Apartment market conditions showed continued improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2021. For the first time since October 2015, the Market Tightness (96), Sales Volume...
apartment construction site

Multifamily housing construction strong in June

The Census Bureau released its monthly new residential construction report for June 2021. It reported that some multifamily housing construction results were down from recent highs, but they were still solid compared to historical...
phoenix rent growth leader

Surging rent growth reported for June

The latest rent report from Yardi Matrix shows accelerating rent growth for the country as-a-whole in June, with SFR rents outpacing those of multifamily. Rents up sharply again Yardi Matrix reported that the national average apartment...

Builder confidence edges lower as material challenges persist

Strong buyer demand helped to offset supply-side challenges relating to building materials, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, according to the...

Student housing demand will remain strong, but will be more diverse and focused on...

Student housing has historically experienced recession-proof demand as measured by enrollment in public four-year universities. NMHC’s Research Foundation has released two new reports exploring the future of student housing as the millennials age and...
lumber prices

Construction materials prices rises spread

The Bureau of Labor Statistics (BLS) released its producer price index report for June 2021. It showed that construction materials prices were up 3.2 percent in the month, seasonally adjusted. The index was 20.4...

NAHB urges Congress to enact policies to help builders boost housing production

National Association of Home Builders CEO Jerry Howard testified before Congress today and called on lawmakers to enact key policy proposals that will help home builders to expand the housing supply, reduce the housing deficit and improve...
rent delinquency survey

Rent delinquencies show uptick in June Pulse survey

The week 33 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is up since we last reported on the survey results. Note that...
rent payment

Rent Tracker finds lower rent payment rate in early July

NMHC reported that 76.5 percent of renters had made at least a partial rent payment for the month of July by the 6th of the month. The Rent Payment Tracker also found that 95.6...
construction jobs

Job openings remain at high level in May

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for May. Although last month’s report set a series record for the highest number of job opening, job...
rent growth

Rents continue surge in June

The latest rent report from Apartment List shows strongly positive rent growth for the country as-a-whole. In addition, rents were up for the month in all of the 50 largest metro areas. Rents jump in...
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