Rents continue slide in November
The latest rent report from Apartment List shows that the national average rent growth in November remained negative for the third consecutive month. Rents fell 1.0 percent month-over-month. Year-over-year rent growth remained positive, with...
Rent delinquencies nearly unchanged in Pulse Survey
The “Week 51” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments fell slightly to 13.7 percent, down from the 14.0 percent reported...
CoStar: multifamily property price rises moderating
CoStar reported that its value-weighted index of multifamily property prices increased 14.5 percent, year-over-year, in September 2022. However, this index was down 0.2 percent month-over-month, the third monthly decline in a row.
The value-weighted index...
Job openings trend lower in October
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings fell to 10.33 million in October. In addition, last month’s job openings...
Fannie Mae sees bigger housing slowdown coming
Fannie Mae’s November economic and housing forecasts predict that both multifamily and single-family housing starts will fall next year by more than they previously expected.
The November forecast is the first from Fannie Mae to...
Multifamily construction spending steady as single-family falls
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in October was up 0.6 percent month-over-month. Spending on single-family fell for the 6th month in...
Multifamily property prices fall in October
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.6 percent in October from their level of the month before. Prices were still up 11.3 percent...
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Selecting the right partner is key to a great managed WiFi solution for your MDU property and residents. Set your community up for success by asking each potential partner these questions.
Will you design...
Construction materials prices fall in October
The October producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.4 percent in the month, seasonally adjusted, matching last month’s decline. However, the index...
Multifamily housing construction activity falls slightly in October
The Census Bureau’s new residential construction report for October recorded slight declines in multifamily housing construction permits, starts and completions. However, none of the declines was more than 5 percent from the levels of...
CBRE looks at cap rate trends
CBRE released its semiannual cap rate survey for H1 2022. It found that investors expect cap rates to expand in light of rising interest rates. Survey participants also expect lending standards to tighten in...
Multifamily developer confidence declines significantly in the Third Quarter
The prospects for continued high levels of multifamily development declined significantly in the third quarter, as did the prospects for continued high occupancy rates, according to results from the Multifamily Market Survey (MMS) released...
Sizing up adaptive reuse
A new report by RentCafe looks at the recent growth in the number of new apartments being created through the adaptive reuse of existing buildings. Adaptive reuse is often mentioned as one approach to...
Understanding Gen Z
A new survey from Freddie Mac examines the attitudes of Gen Z about money, renting and home ownership. The survey questioned 1739 people aged from 14 through 25, 72 percent of whom are still living...
Residential construction spending shifts to improvements
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in September was up 0.3 percent month-over-month. Spending on single-family fell, with spending on improvements rising...
