Redfin: April rents up for month but down for year
Redfin’s rent report for April says that the national median asking apartment rent rose 0.9 percent for the month to reach a level of $1,625. However, the median rent growth was -1.0 percent year-over-year.
Varying...
Multifamily construction activity falls in April
The Census Bureau’s report on new residential construction stated that multifamily permits declined again after last month’s bump. Multifamily starts rose for the third consecutive month. Multifamily completions continued their slide which started last...
Construction materials prices rise moderately despite copper wire price jump
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in April on a seasonally adjusted basis. The index of components and...
Lifestyle property rent growth underperforms in April
Yardi Matrix reported that the national average asking apartment rent was up $5 in March compared to the revised level of the month before at $1,736 per month. The national average year-over-year asking apartment rent...
President Trump reveals commitment to decentralizing housing aid
President Donald Trump is demonstrating his commitment to decentralizing housing aid. On May 2, 2025, he released his Fiscal Year 2026 "skinny budget," outlining the administration’s broad spending goals. While presidential budget...
Multifamily builder confidence slightly lower in Q1
The National Association of Home Builders (NAHB) quarterly survey of multifamily builders showed a slight decline in confidence in the market for new multifamily housing. The survey provides 3 measures of sentiment, the Multifamily...
Markets that reached supply summits earlier and at more modest levels are now seeing...
In evaluating rent performance among major apartment markets, two key factors emerge: the timing of peak supply and the scale of new inventory at that peak. Data from RealPage Analytics suggests markets...
CBRE reports CRE investment up 14 percent in Q1
A recent report from CBRE says that both commercial mortgage investment volume and momentum rose in Q1. Volume grew to $88 billion, while momentum rose 13 percent compared to their year-earlier levels.
Dividing the market
CBRE...
Tightened rent control proposed in California
Assemblyman Ash Kalra (D-San Jose) has introduced AB 1157, which would tighten the provisions of California’s statewide rent control regime, which was introduced in the Tenant Protection Act of 2019. It would reduce the...
Higher construction materials prices coming
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.1 percent month-over-month in February on a seasonally adjusted basis. The index of components and...
Multifamily starts forecast higher despite worse projections for the economy
Revisions to Fannie Mae’s housing forecast in April call for more multifamily starts across the entire forecast horizon than in last month’s forecast. Fannie Mae is now predicting 359,000 starts in 2025 with 390,000...
CBRE reports cap rates continue downward movement in Q1
A new report from CBRE states that cap rates for core multifamily assets moved lower in Q1, continuing a trend that began in Q1 2024. Both buyer and seller sentiment improved, according to the...
Understanding the housing burden: why California is so expensive, but not always the most...
When it comes to housing burden and costs in the United States, California often dominates headlines—and for good reason. According to a new RAND Corporation report, building multifamily housing in California is...
CMBS delinquency rate rises on jump in multifamily delinquencies
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans surged higher in March, more than reversing last month’s decline. The overall CMBS delinquency rate also rose, gaining 35 basis points.
Overall...
Least and most affordable cities for single renters
According to a new study from New York-based listing service RentHop, single renters are faced with widely varying housing burdens dependent on the median rent and income in a given area. Of...
