Property manager jobs continue to increase
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the economy experienced modest overall employment growth in February. The employment levels for 2 of the 4 multifamily-related job categories we...
Supply has peaked, but deal flow remains muted
The multifamily investment outlook remains bullish, but the floodgates will not burst open with deal flow this year. That is the takeaway from the National Multifamily Housing Council’s (NMHC) annual conference, according...
A greenhouse gas reporting reprieve, or not
As of February 11, 2025, the SEC’s acting Chairman, Mark Uyeda, said that the Commission will pause litigation of its climate disclosure rule in the 8th Circuit. This effectively ends, for now at least,...
CoStar: multifamily property prices fall as transactions plunges
CoStar reported that its value-weighted index of multifamily property prices fell 0.8 percent month-over-month in January, a setback after four months of reported increases. This index was down 0.9 percent year-over-year.
By contrast, MSCI Real...
Multifamily CMBS delinquency rate declines
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in February. It had been trending higher since last April. The overall CMBS delinquency rate also dropped, falling 26 basis...
HUD terminates Obama’s AFFH, again
The U.S. Department of Housing and Urban Development has, for a second time, cancelled the 2015 Affirmatively Furthering Fair Housing (AFFH) rule, originally launched by the Obama administration and revived under Biden.
Shuttering AFFH returns...
Multifamily construction spending continues to fall in January
The Census Bureau’s report on construction spending said that multifamily construction spending in January was down 0.74 percent from the revised level of the month before. Spending on single-family residential construction was reported to...
MSCI: Multifamily property prices show positive trend
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were up 0.7 percent month-over-month in January from the revised level of the month before. However, prices were...
NAHB honors the multifamily housing industry’s top achievements at the 2025 IBS
The National Association of Home Builders (NAHB) has announced its annual Nationals Awards. These awards recognize outstanding achievements related to residential real estate sales, marketing, design, and industry excellence.
The award dinner/ceremony was held Tuesday,...
Utility Management Advisory: An Origin Story
“No matter how hard I try, I can never, ever know everything about utility management.” I was a single contributor in my company and felt I would never get the experience necessary to be...
Is illegal immigration a driving force in apartment fundamentals?
Are illegal immigration and deportations truly driving forces behind housing supply, demand, and affordability issues, or are they being overstated by the media and both sides of the political divide? Or put...
SFR rents rise, but slowly
CoreLogic reported that their single-family rent index (SFRI) for December rose 1.8 percent from its year-earlier level. This is down 0.4 percentage points from last month’s revised year-over-year rent growth rate and is down...
Multifamily starts forecasts raised
Fannie Mae’s February housing forecast calls for multifamily starts to slow to start 2025 but to then rise through the end of 2026. The starts forecasts for every quarter in 2025 and 2026 were...
Consider asset hardening to reduce insurance risk
When I moved from the San Francisco Bay Area to a suburb of Dallas, Texas, I was concerned about what the weather would be like. I knew it would be extremely hot, but having...
Apartment REITs (and some privates) lead new project starts
Confidence has returned to a small segment of the multifamily arena forecasting an end to the supply glut that has stymied both development and acquisitions over the past several years. Apartment REITs...
