Multifamily construction spending continues to trend lower
The Census Bureau’s report on construction spending stated that the value of multifamily residential construction put in place in fell in July from the revised level of the month before. Spending on single-family residential...
Multifamily CMBS delinquency rate jumps higher
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) leaped higher in August, rising by the most for any of the property types Trepp tracks. The overall CMBS delinquency rate rose...
Southern metros drive multifamily growth in 2025
Southern metros remain a focal point for multifamily growth, supported by migration trends, job creation, and relative affordability.
The U.S. apartment construction market is regaining strength in 2025, with an estimated 506,353 new...
Rent growth turns negative in August
The latest rent report from Apartment List shows that the national median monthly rents fell in August with rent growth of -0.16 percent. This is the third consecutive year in which month-over-month rent growth...
Don’t let money go down the drain
As we continue down the “Show me the money” dive into our Ratio Utility Billing System (RUBS) program, we are reviewing each category to see where our opportunities for improvement are. In that spirit,...
Multifamily property transactions surge in Q2
The market for U.S. multifamily properties outperformed in the second quarter of 2025, outpacing nearly every other commercial real estate sector in both transaction value and annual price growth, according to the latest Altus...
Multifamily cap rates expected to stabilize
New data from CBRE’s H1 2025 Cap Rate Survey suggests that overall cap rates may be poised for modest compression while multifamily cap rates are expected to remain largely unchanged. Despite heightened uncertainty over...
MSCI: Multifamily property prices unchanged in July
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were unchanged in July compared to the revised level of the month before. This is the second consecutive...
Census bureau’s multifamily start numbers face sharp scrutiny
The U.S. Census Bureau’s latest housing starts report is drawing some of the sharpest criticism in recent memory. In July, the agency reported 42,000 multifamily starts — the second-highest July in nearly...
Interest rates: A balance of risk
Federal Reserve policymakers find themselves at the center of a spirited debate as the U.S. economy heads into autumn. With inflation running at 2.7 percent as of July and labor market data sending mixed...
Watch for flat fee complications
As we continue down the “Show me the money” dive into our Ratio Utility Billing System (RUBS) program, let us review each category to see where are our opportunities for improvement. In that spirit,...
Multifamily starts forecasts revised higher
Revisions to Fannie Mae’s August housing forecast raise the number of multifamily starts expected in 2025 and 2026 from those in last month’s forecast. Fannie Mae is now predicting 389,000 starts in 2025 with...
Tariffs hit the Home Depot
Home Depot, primarily through its subsidiary HD Supply (formerly Home Depot Pro Multifamily), is the largest distributor of maintenance, repair, and operations (MRO) supplies for the U.S. multifamily housing industry. According to industry information...
Multifamily starts rise to multi-year high in July
The Census Bureau’s report on new residential construction stated that multifamily permits fell slightly in July. Multifamily starts added to last month’s gains while multifamily completions were reported to slide. It also reported that...
Study finds regulations on apartment operations lead to higher rents
Regulations designed to protect renters from discrimination and eviction are having the unintended consequence of driving up rents for the very people they aim to help, according to a comprehensive new study of rental...
