Construction materials prices rise moderately despite copper wire price jump
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in April on a seasonally adjusted basis. The index of components and...
Multifamily delinquencies lead CMBS delinquency rate higher
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans surged higher again in April on a few large loans becoming delinquent. The overall CMBS delinquency rate also rose, gaining 38...
CBRE reports CRE investment up 14 percent in Q1
A recent report from CBRE says that both commercial mortgage investment volume and momentum rose in Q1. Volume grew to $88 billion, while momentum rose 13 percent compared to their year-earlier levels.
Dividing the market
CBRE...
Job creation still fuels apartment demand—but not everywhere
Job creation has long been considered a strong indicator of apartment demand in the U.S., and while that relationship has weakened overall, it remains intact in several key markets. Factors like remote...
Understanding the housing burden: why California is so expensive, but not always the most...
When it comes to housing burden and costs in the United States, California often dominates headlines—and for good reason. According to a new RAND Corporation report, building multifamily housing in California is...
CoStar: multifamily property prices rise as transactions surge
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in December, slightly lower than last month’s reported increase. This index was down 2.8 percent year-over-year.
By contrast, MSCI Real Capital...
Multifamily starts forecast to rise throughout 2025 and 2026
Fannie Mae’s November housing forecast calls for multifamily housing starts to bottom out at the end of 2024 and then to steadily increase through the rest of the forecast horizon. Despite the growth, the...
Communicate the big 3 of recycling
Growing up in unincorporated Fresno (the part of Fresno that Fresno apparently did not want), we had a tremendous number of fruit trees: lemon, orange, tangerine, grapefruit, plum, nectarine, peach, and pomegranate. I loved the...
Multifamily starts forecast higher despite worse projections for the economy
Revisions to Fannie Mae’s housing forecast in April call for more multifamily starts across the entire forecast horizon than in last month’s forecast. Fannie Mae is now predicting 359,000 starts in 2025 with 390,000...
Multifamily starts predicted to pick up in 2025
Fannie Mae’s May economic forecast calls for multifamily housing starts to reach their low point in Q2 2024 and then to rise, if unevenly, through the end of 2025. Single-family housing starts are expected to...
Yardi and property managers sued over revenue management software
Property management software firm Yardi Systems was sued in the U.S. District Court for the Western District of Washington on September 8 over its revenue management software product, currently called Revenue IQ. The suit...
Rising cost of insurance continues to challenge multifamily operations
Two surveys published this month, one national from the National Multifamily Housing Council (NMHC) and the other regional from the Federal Reserve Bank of Minneapolis, highlight how the rising cost of insurance...
NMHC 50 recognizes industry’s top firms
The National Multifamily Housing Council (NMHC) released their 2025 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...
New York has most severe rent burden
A WalletHub study looked into the share of median household income that would be required to pay the median rent plus energy costs. The state-by-state rankings are shown below:
Source: WalletHub
Rank
State
Cost of housing as share...
Student housing demand normalizing
Student housing demand appears to be normalizing to a more sustainable trend after record occupancy rates in Fall 2022 and 2023. This is one of the take-aways from the student housing market...
