Mixed reports on multifamily property prices in February
Recent reports from CoStar and from Real Capital Analytics (RCA) paint different pictures of short-term movements for multifamily property prices in February.
Defining the indices
The CoStar report focuses on a relative measure of property values...
Sponsored: 5 reasons to make the move to managed Wi-Fi
It enhances the resident experience.
Unlike traditional residential internet solutions, managed Wi-Fi is built for multifamily properties, which allows residents to easily access their secure personal network across the entire property. Fast, reliable...
Secretary Carson to lead White House Opportunity and Revitalization Council
Today, President Donald Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council and named U.S. Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson.
The Council’s 13 Federal member...
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...
Job openings remain high in November as quits rise
The November Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings dropped slightly while remaining at a high level. Hiring and job...
Fannie Mae introduces sponsor-initiated affordability incentives for multifamily borrowers
Fannie Mae announced that it is offering Sponsor-Initiated Affordability (SIA) incentives for multifamily borrowers through its network of Delegated Underwriting and Servicing (DUS) lenders to lead the market in addressing the nation's shortage of...
Commercial property owner sues L.A. County over eviction ban
The owner of a commercial building filed a lawsuit challenging Los Angeles County’s moratorium on commercial evictions. The lawsuit is the first to challenge a commercial eviction moratorium.
Howard Iten is a retired auto mechanic who leases his garage...
MF industry responds to Congresswoman Marcia Fudge’s confirmation as HUD Secretary
Marcia L. Fudge was officially sworn in as the eighteenth Secretary of Housing and Urban Development.
Secretary Fudge took the oath the evening of March 10 after the Senate voted to confirm her. As Secretary...
Lack of existing inventory boosts builder confidence to key marker
Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as the industry continues to face several challenges, including building material...
Yardi Matrix reports apartment rents are still rising
The latest rent report from Yardi Matrix shows record high asking apartment rents for the country as-a-whole in October, with single family rental (SFR) rent growth again outpacing that of multifamily.
Rents up sharply
Yardi Matrix...
U.S. needs 4.3 million more apartments by 2035 to address demand, deficit and affordability
Amidst demographic shifts and lingering pandemic impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by...
GSEs remain dominant holder of multifamily mortgage debt in Q1 2021
A Mortgage Bankers Association (MBA) report on multifamily and commercial mortgage debt shows that the GSEs accounted for 80 percent of the increase in multifamily mortgage debt outstanding in Q1. While still high, this...
Annual rent growth rate falls as rents decline
Yardi Matrix reported that the national average year=over-year apartment rent growth in August was $10, bringing the average rent to $1,718 per month. However, rents fell in August from the revised level of the...
CBRE reports strong Q1 multifamily fundamentals
CBRE reported that record high apartment absorption over the last 4 quarters set the basis for very strong measures of performance for the multifamily property market.
Comparing universes
CBRE gathers its data from 69 markets that...
Fannie Mae revises GDP growth forecast lower again
Fannie Mae’s October economic and housing forecasts predict that the economy will briefly return to growth in Q3 before entering a recession in early 2023. The downturn is expected to lower housing starts next...
