Single-family rentals continue to capture investor interest amid the pandemic
Single-family rental (SFR) housing, comprising 16 million housing units in the United States, continues to drive institutional investor interest, and JLL Capital Markets has capitalized on the trend by creating a new team to...
Construction material prices rise on higher lumber prices
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2020. It showed that the BLS price index of materials and components for construction was up 0.5 percent from June,...
Rent delinquencies grow
The latest version of the Census Bureau’s Pulse Survey shows that a large and increasing portion of renters are behind on their rent payments.
Taking our pulse
The Pulse Survey is an experimental program that the...
Construction materials prices lower as lumber falls
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2020. It showed that the BLS price index of materials and components for construction was down 0.3 percent from October,...
Residential construction spending up in November
The Census Bureau’s report on residential construction spending for November shows a 2.7 percent increase from October’s level. Overall construction spending was up 0.9 percent for the month and was 3.8 percent higher than...
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...
Rent Payment Tracker: payments up slightly from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.6 percent of apartment households made a full or partial rent payment by January 6 in its survey of almost 11.3 million units of...
Multifamily property values continue to rise
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continue to rise in September despite the pandemic.
Defining the indices
The CoStar report focuses on a relative measure of multifamily...
NAHB Chairman responds to reduction of lumber tariffs
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Florida, issued the following statement after the Commerce Department lowered duties on Canadian lumber shipments into...
NYC rent declines surpass those of the great recession
New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy's November 2020 Market Reports.
Driven by the Covid-19 pandemic, Manhattan rents dropped the most out of the three boroughs...
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,...
Amazon launches $2 billion Housing Equity Fund to preserve and create over 20,000 affordable...
Amazon announced the Housing Equity Fund, a more than $2 billion commitment to preserve and create over 20,000 affordable housing units in Washington State’s Puget Sound region; Arlington, Virginia; and Nashville, Tennessee—three communities where...
RealPage looks back at 2020
RealPage recently held a webinar where they took a look-back at 2020, reviewing the impacts of the pandemic on the multifamily housing market and on the broader economy. Presenting were Greg Willett, Chief Economist,...
HUD awards $54.7 million in grants to expand rental development for low-income persons with...
The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental...
Looking ahead to 2021
Both CBRE and Yardi Martix have recently issued reports which discussed the prospects for the multifamily housing market in 2021. This article describes some of the key take-aways from those reports.
The long view
Both reports...
