Apartment watch

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

rent growth

Yardi Matrix reports rents rose in March

The latest rent report from Yardi Matrix sets a positive tone for rent growth for the country as-a-whole in 2021, with most markets returning to rent gains. Rents rise again in March Yardi Matrix reported that...
colorado rental housing law

Rental housing law in Colorado

Nexus Commercial Realty recently presented a webinar outlining legislation being considered which affects multifamily housing. While the focus of the webinar was on legislation pending in Colorado, many of the issues being discussed there...
jobs growth

Jobs market growth resumes in March

The latest Employment Situation Report from the Bureau of Labor Statistics shows that employment growth resumed in jobs categories of interest to builders and operators of multifamily housing in March. Total employment rises The BLS reported...

JOLT report: more people left jobs in February

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for February. It shows that the labor market took a step back in that month. Looking at the churn The...

NMHC identifies industry’s largest firms

The National Multifamily Housing Council (NMHC) released their 2021 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
lumber prices

Construction materials prices up despite lumber price drop

The Bureau of Labor Statistics (BLS) released its producer price index report for October 2020. It showed that the BLS index of construction materials prices was up 0.2 percent from September, seasonally adjusted. It...

NMHC President Doug Bibby postpones retirement

Doug Bibby, the veteran president of the National Multifamily Housing Council (NMHC), has announced that he will now retire at NMHC’s Annual Meeting in January of 2023. For more than twenty years, Bibby’s leadership has...

79.8 percent pay rent by April 6

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.8 percent of apartment households made a full or partial rent payment by April 6 in its survey of 11.6 million units of professionally...

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,...

Builder confidence edges up as strong demand offsets supply-side challenges

Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest National...
hud nspire

HUD wants your input

The Department of Housing and Urban Development is planning to introduce new physical inspection standards for housing. They are seeking input from knowledgeable parties as part of the process of developing these standards. Multifamily...

Multifamily housing down in 2021 but will rebound in 2022

Regulatory and supply-side challenges coupled with slowing rent growth and rising vacancy rates will weaken the multifamily construction market in 2021. However, the development market should stabilize by 2022, according to economists from the National Association of Home...

Real estate investors look ahead

Realty Mogul recently polled nearly 1,000 real estate investors to assess their plans for the year ahead in light of the changes resulting from the pandemic and from the change in administrations in Washington. Where...

Record-high lumber prices are hammering housing affordability

Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector from moving the economy forward, according to the National...

Construction materials prices higher in January

The Bureau of Labor Statistics (BLS) released its producer price index report for January 2021. It showed that the BLS price index of materials and components for construction was up 1.5 percent from December,...
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