Redfin survey suggests a majority of Americans favor rent control
A recent survey commissioned by Redfin exposes a stark misconception among Americans about rent control. Although economists are in almost total agreement that rent control drives up rent rates over time and...
CoStar: multifamily property prices rise in September
CoStar reported that its value-weighted index of multifamily property prices rose 1.3 percent month-over-month in September, reversing last month’s reported decline. This index was down 7.9 percent year-over-year. Note that CoStar's report indicates that prices...
Keep them with stitches
I grew up in unincorporated Fresno, California (that is the part of Fresno, that Fresno does not want.) There were not a lot of extracurricular activities that were of interest to me, so I...
Number of renter households continues rapid growth in Q3
The Census Bureau’s quarterly report on home ownership and occupancy for Q3 2024 stated that the rental housing vacancy rate was 6.9 percent. This was up 0.3 percentage points since last quarter’s report despite...
Job openings down sharply in September
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in September was 7.44 million. This was reported to be down 418,000...
MSCI: Multifamily property prices fall in September
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.4 percent in September from their level of the month before. In addition, last month’s reported increase...
Student housing sector ends stellar 2024 leasing season
The student housing sector ended a stellar 2024 leasing season, according to the October national student housing report from Yardi Matrix. Preleasing and rent growth both were close to last year’s historic...
The perils of assuming
Assume is a hilarious word. It can make an “ass” of “u” and “me.” If you are using assumptions and not evidence in your decision making around sustainability, you could make some poor choices....
Senior housing shows resilience
A new report from NIC MAP Vision indicates that senior housing is highly resilient, recovering quickly from both the setback it experienced during the pandemic and also from the global financial crisis 10 years...
NMHC: Apartment market conditions improve in Q3
Apartment market conditions showed signs of improvement in the National Multifamily Housing Council’s (NMHC’s) October 2024 Quarterly Survey of Apartment Market Conditions. All but the Market Tightness (37) index indicated more favorable conditions this quarter,...
SFR rent growth rate continues to trend lower
CoreLogic reported that their single-family rent index (SFRI) for August rose 2.4 percent from its year-earlier level. This is down 0.4 percentage points from last month’s reported year-over-year rent growth rate and is down...
Multifamily permits, starts and completions all lower in September
The Census Bureau’s new residential construction report stated that multifamily completions retreated from last month's high. Multifamily starts also fell as multifamily permit issuance continued its long-term slide. Multifamily housing permits lower The number of permits...
High supply apartment markets ride demand wave
More than 558,000 apartment units have delivered over the past 12 months, hitting what RealPage Analytics calls a 50-year supply peak. But booming demand for rental housing has been a bright spot...
GRESB, like the tide, waits for no man
A friend of mine often uses the phrase “The tide raises all boats” when talking about sustainability. His beautiful focus is that we must work together to make any kind of achievement. That has...
Multifamily starts forecast revised higher
Fannie Mae’s October housing forecast calls for more multifamily housing starts in 2024 and 2025 than did last month’s forecast. The current forecast is the first where Fannie Mae’s forecasters were able to factor...
