CoStar: Multifamily property prices lower as transactions plunge
CoStar reported that its value-weighted index of multifamily property prices fell 0.6 percent month-over-month in November 2023, a smaller drop than last month’s revised decline of 0.9 percent. This index was down 13.5 percent...
Zumper declares renters’ market
Zumper, one of the nation’s largest rental platforms, declared a renters’ market in its most recent National Rent Report. Easing inflation, slowing migration and a record number of new apartment deliveries are...
Yardi Matrix looks to 2024
Yardi Matrix recently released its 2024 U.S. Multifamily Outlook report. The report looks at the recent multifamily market conditions and projects how they will develop in the year ahead. A surprisingly strong economy Despite many forecasters...
MSCI: Multifamily property prices continue slide
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in November were down 0.7 percent from their level of the month before and down 12.1 percent from...
Renewed consumer confidence boosts apartment demand
As 2023 comes to a close and inflation eases a bit, consumer confidence has rebounded, according to two December surveys. Renewed consumer confidence is boosting apartment demand in markets across the nation....
Setting expectations: a Christmas wish
When I was in second grade, a schoolmate friend of mine had a nativity set. While at her house one day, as I admired the little hand painted figurines of camels, shepherds, wise men,...
SFR rent growth rate continues slow decline
CoreLogic reported that their single-family rent index (SFRI) for October rose 2.5 percent from its year-earlier level. This is down from the 2.6 percent year-over-year rent growth reported last month. October marks 18 months...
Multifamily construction starts rise in November
The Census Bureau’s new residential construction report for November stated that multifamily construction starts and completions were up from the levels reported last month. However, the number of multifamily construction permits fell. The number of...
Fannie Mae sees milder housing downturn
Fannie Mae’s December economic and housing forecast predicts that single-family and multifamily starts will fall in 2024, but not as far as they predicted last month. Multifamily starts will have milder downturn The current forecast for...
Multifamily mortgage debt sources shift in Q3
A Mortgage Bankers Association (MBA) report shows that growth in multifamily mortgage debt outstanding in Q3 2023 was up from that in Q2. Growth in multifamily mortgage holdings was down from the Q3 2022...
SFR industry unjustly targeted in the housing affordability crisis
Hedge funds and private equity investors are the latest culprits in the nation's lack of affordable housing, say lawmakers. But housing experts provide evidence that the SFR industry is being unjustly targeted...
Fed backs off higher for longer
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for key economic metrics projected that interest rates will start to...
Eat your vegetables!
When my cousin was five, he hated peas. Passionately. I remember one family dinner at my grandmother’s house where he had consumed everything on his plate except a small pile of green peas and...
Construction materials prices edge higher in November
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.2 percent month-over-month in November on a seasonally adjusted basis. However, last month’s price...
HUD proposes 30 day eviction notice for PHAs and PBRA housing
The Department of Housing and Urban Development (HUD) is proposing a rule that would require public housing agencies (PHAs) and properties receiving project-based rental assistance (PBRA) to give tenants 30-day written notice prior to...
