Apartment watch

Things to watch, what to know, in your apartment operation

Investors see growing demand but tougher conditions

Apartment markets tightened further according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2022, while financing became more costly. The Market Tightness (60) index was the only index...
apartment vacancy

Census reports uptick in rental vacancy rates

The Census Bureau released its quarterly report on home ownership and occupancy for Q1 2022. It showed that the rental housing vacancy rate was 5.8 percent, up from a level of 5.6 percent in...
economic growth

NOI is growing, but slowly

A new report from Trepp seeks to measure the growth in net operating income (NOI) from 2020 to 2021. It did this by analyzing multifamily properties with loans issued by Freddie Mac for which...

Housing industry warns Biden on affordability

More than 10,000 members of the National Association of Home Builders (NAHB) sent a letter to President Biden calling on the White House to take immediate action as the growing housing affordability crisis is...

Declining affordability conditions put a damper on new home sales

Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March. Sales of newly built, single-family homes in March fell 8.6 percent to a 763,000 seasonally...
multifamily property prices

Are multifamily property price rises cresting?

A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 22.4 percent year-over-year in March and that they rose 1.1 percent from the month before. The annual rate of increase...

Rent delinquencies fall in latest Pulse Survey

The “Week 44” edition of the Census Bureau’s Pulse Survey has been released. It shows that the portion of renters who are behind on their rent payments dropped slightly since we last reported on...

Fannie Mae forecasts a downturn in 2023

Fannie Mae’s April economic and housing forecasts anticipate that rising interest rates will cause the U.S. economy to contract in the second half of 2023. While this is expected to reduce the number of...
multifamily housing construction

Census reports strong multifamily housing construction stats in March

The Census Bureau’s new residential construction report for March showed high levels of multifamily permit issuance and rising unit starts. However, multifamily unit completions are not keeping pace resulting in an increase in the...

Housing market at inflection point as builder confidence continues to fall

Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability. Builder confidence in the market for newly built single-family homes...
student housing outlook

Yardi Matrix reports on student housing outlook

Yardi Matrix recently presented an updated student housing outlook webinar. While the presentation covered the market as-a-whole, its main focus was on the Yardi 200, a group of top public and private universities that...
rent control in St Paul Minn

Unintended consequences of rent control

A study by the USC Marshall School of Business finds that the recent rent control initiative approved by voters in St. Paul Minn. negatively impacted property values for both renter- and for owner-occupied properties....
NMHC 50 firms

NMHC 50 recognizes industry’s top firms

The National Multifamily Housing Council (NMHC) released their 2022 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
construction materials prices lumber prices

Construction materials prices follow lumber higher

The Bureau of Labor Statistics (BLS) released its producer price index report for March 2022. It stated that construction materials prices were up 1.5 percent in the month, seasonally adjusted. The index was 23.2...

Modest gains seen for senior housing

A pair of reports, one from CBRE and one from NIC Map Vision, show that the senior housing market has made modest improvements as it recovers from the sharp downturn in occupancy it experienced...
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