Apartment watch

The Employment Situation Report from the Bureau of Labor Statistics stated that November employment levels in 3 of the 4 multifamily-related job categories we track were below the preliminary levels reported last month. Overall employment...

The 2024 apartment market forecasts are in and despite twists, turns and uncertainties, multifamily fundamentals are strong. In December, the Apartment List Research Team released its Seven Predictions for the 2024 Rental...

We have talked these past few weeks about the building and really looking at it in ways that might not have crossed our minds before. However, the million-dollar question when it comes to cutting...

Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in November, falling 18 basis point. The delinquency rate for the overall market also fell as a large industrial loan...

Yardi Matrix reported that national average apartment rent fell $6 in November, compared to the revised rent level of the month before. The average rent fell to $1,713 per month. The national average year-over-year...

The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in October was down 0.2 percent from the revised level of the month before. Spending on...

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in October was 8.73 million. This was reported to be down 617,000...

CoStar reported that its value-weighted index of multifamily property prices fell 1.3 percent month-over-month in October 2023, reversing last month’s reported gain. This index was down 16.5 percent year-over-year. The value-weighted index of non-multifamily commercial...

The high cost of debt combined with flat and falling rents has helped drive multifamily starts down 40 to 50 percent this year compared to 2022. But some ground-up development deals are...

When I was young and growing up, I lived in a 1913 farmhouse in rural Fresno, California. I thought that the refrigerator was the most exquisite device in our home because it didn’t matter...

The Department of Housing and Urban Development (HUD) has announced revised compliance reporting requirements for participants in its green mortgage insurance premium program. This program was established in 2016 to provide reduced mortgage insurance...

The latest rent report from Apartment List shows that the national median monthly rent growth in November was -0.9 percent. Year-over-year rent growth was -1.1 percent. Apartment List reported the national median apartment rent to...

The Biden Department of Justice (DOJ) has come down on the side of the plaintiffs suing RealPage and many property management companies over their use of revenue management software in setting rents. The DOJ...

A research brief from Gray Capital looks at the impact of the emerging “higher for longer” interest rate environment on multifamily property. It finds that near-term distress may arise as borrowers seek to replace...

The National Multifamily Housing Council and Grace Hill Renter Preferences Survey for 2024 reveals renters’ evolving priorities and sentiments around rental housing and how much they are willing to pay for them....