Job openings rise in May but not for multifamily
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of total non-farm job openings in May rose to 7.77 million. However, job openings in...
Multifamily construction spending edges higher
The Census Bureau’s report on construction spending stated that the value of multifamily residential construction put in place in May rose slightly from the revised level of the month before. Spending on single-family residential...
Rents rise in June, but slowly
The latest rent report from Apartment List shows that the national median monthly rent growth in June was 0.19 percent. Rents have now risen for 5 months in a row, typical for this time...
CoStar: multifamily property prices higher in May
CoStar reported that its value-weighted index of multifamily property prices rose 0.51 percent month-over-month in May, a reversal from last month’s reported decline. This index was up 4.72 percent year-over-year.
By contrast, MSCI Real Capital...
Multifamily CMBS delinquency rate lower again in June
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) decreased again in June. The overall CMBS delinquency rate rose slightly, gaining 5 basis points as all other property types saw their...
Office oversupply and housing undersupply: Double bull’s eye
After years of empty office space casting a shadow across American cities, developers seem poised to reshape urban landscapes. For the first time in nearly three decades, office supply is on pace to shrink...
MSCI: Multifamily property prices continue to fall
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were down 0.4 percent month-over-month in May compared to the revised level of the month before. Prices were...
Affordable housing faces tight supply, tight margins
The summer 2025 edition of Yardi Matrix's Affordable Housing podcast and its companion report, Affordable Property Debt: Slow Burn as Market Evolves, offers a data-rich examination of the evolving challenges and opportunities...
JCHS releases annual report on housing
The report, titled The State of the Nation’s Housing 2025, from the Joint Center for Housing Studies (JCHS) of Harvard University seeks to present a comprehensive assessment of the state of rental housing in...
Yardi Matrix sees resilience amid uncertainty for multifamily
Yardi Matrix recently released its Multifamily National Report for Summer 2025. It provides a look at the prospects for the U.S. multifamily housing sector in light of current economic conditions.
Economic context: growth slows, risks...
Fannie Mae’s view of the economy brightens
Revisions to Fannie Mae’s housing forecast in June call for more multifamily starts in 2025 than in last month’s forecast. Fannie Mae is now predicting 397,000 starts in 2025 with 392,000 starts in 2026.
The...
Supercharge your swimming pool
It is hot outside, which always makes me want to swim (I look like a manatee in the pool, but I love it). So, let’s talk about YOUR pool. Swimming pools have been popular...
Fed’s view of economy darkens
The economic projections released by the Federal Open Market Committee (FOMC) after this week’s meeting indicate that they expect the principal economic metrics they forecast to be worse than what they projected with the...
Weighing risks and rewards of Trump’s energy policy overhaul
The multifamily housing industry is navigating a shifting regulatory landscape as the Trump administration advances sweeping changes to federal energy policy. With the House already passing key parts of what Trump has dubbed...
Multifamily starts sharply lower in May
The Census Bureau’s report on new residential construction stated that multifamily permits rose slightly in May. However, multifamily starts fell after three months of gains and multifamily completions steadied after three months of declines....
