Apartment watch

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

multifamily construction permits

Multifamily housing construction pipeline grows

The Census Bureau’s new residential construction report for August reported a surge in multifamily housing construction permits and starts, although completions continued to lag. Multifamily housing construction permits hit multi-year high The number of permits issued...

CBRE: Foreign investment in multifamily lower in 2021

A new report from CBRE found that both the dollar value of foreign investment in multifamily properties as well as foreign investment’s share of total investment fell during the first half of 2021. Total foreign...

Mortgage payments for new homebuyers are rising faster than rents

The national median monthly mortgage payment for homebuyers rose 67 percent faster than rents during the same period, according to a new report from Redfin, the technology-powered real estate brokerage. This is despite mortgage interest...
zoning

Upzoning coming to California

California Governor Newsom recently signed a series of bills seeking to address the shortage of housing in the state. The bills. SB-8, SB-9 and SB-10 give local governments additional authority to upzone for higher...

Fastest home building activity continues in suburban, exurban communities

Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released by the National Association of Home Builders...
rent growth

Yardi Matrix reports record rent growth

The latest rent report from Yardi Matrix shows record growth in multifamily asking rents for the country as-a-whole in August, with SFR rent growth outpacing that of multifamily. Rents up sharply again Yardi Matrix reported that...

Rent Payment Tracker: September payments down 4.4 percent

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 72.0 percent of apartment households made a full or partial rent payment by September 6 in its survey of 11.7 million units of professionally...
job openings

Job openings again set record in July

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for July. It again reported a series record for the highest number of job openings. Assessing the overall jobs...
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...

HUD releases new research on increasing affordable housing production and preservation

The U.S. Department of Housing and Urban Development released its latest research on innovative strategies being pursued by state and local governments to remove regulatory barriers to affordable housing and increase housing supply. The new research, published by HUD’s...

Rent delinquencies up slightly in September surveys

The “week 37” release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is up slightly since we last reported on this survey. For...

HUD awards $143 million in grants to support construction and project rental assistance for...

The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Wednesday that it has awarded $143 million in grants to non-profit organizations across the country to support the...
plywood construction materials

Plywood leads broad rise in construction materials prices

The Bureau of Labor Statistics (BLS) released its producer price index report for July 2021. It showed that construction materials prices were up 0.6 percent in the month, seasonally adjusted. The index of materials...

Nation’s apartment industry testifies before the House Committee on financial services

On behalf of the nation’s rental housing industry, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC), David Schwartz, Chairman and CEO of Waterton and Chair of NMHC testified before the House...
emergency rental assistance

Emergency Rental Assistance funds going out – slowly

A report by the U.S. Department of the Treasury states that, as of the end of July, approximately 24 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
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