Thursday, March 28, 2024

Apartment watch

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

commercial property prices

Multifamily property prices rise at near-record pace

A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 23.0 percent year-over-year in April and that they rose 1.3 percent from the month before. The annual rate of increase is...
fannie mae forecast

Fannie Mae lowers near-term GDP growth forecast

Fannie Mae’s July economic and housing forecast projects a flattening of the GDP growth curve in 2021, with lower growth in Q2 but higher growth in Q3 and Q4 than projected in earlier forecasts....

Multifamily property prices rise at record rate

The latest CoStar report on the changes in the prices of commercial property in the United States said that the quarterly index of multifamily property prices rose 15.6 percent over the last 12 months....
apartment construction

Multifamily housing construction is the bright spot in housing

The Census Bureau’s new residential construction report for July showed multifamily housing construction permits and completions were both strong but that starts fell for the month. In single-family housing construction, permits and starts were both...
ULI economic forecast

ULI economic forecast sees continued growth

The Urban Land Institute (ULI) recently released its biannual economic forecast for spring 2022. It generally has a more positive outlook for the economy and for the multifamily housing industry than did their last...

Fannie Mae raises multifamily starts forecast

Fannie Mae’s January economic and housing forecasts call for higher multifamily housing starts in 2022 and 2023 than in earlier forecasts. They also call for slightly lower GDP growth and slightly higher inflation in...
senior housing

Recovery in senior housing continues in Q2

An NIC Map Vision brief on the state of the senior housing industry reports that its fundamentals are slowly improving after the loss in occupancy the industry experienced during the pandemic. Market or markets? The senior...
job openings hiring

Job openings remain high in April

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in April from the record high hit last month, but remained...
slow economy

Fannie Mae forecasts a slowing economy

Fannie Mae’s latest economic forecast calls for lower GDP growth and higher inflation in 2022 than in earlier forecasts. Their new housing forecast predicts multifamily housing starts to be higher in 2022 but lower...
disparate impact

HUD seeks to revive Obama-era disparate impact rule

On Friday June 25, the Department of Housing and Urban Development (HUD) announced that they have published a notice of proposed rulemaking (NPRM) on disparate impact  entitled “Restoring HUD’s Discriminatory Effects Standard”. The objective of...

Apartment industry calls on Congress to provide additional support to residents, rental owners and...

The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) appreciate Congress and the Administration’s quick action on the Coronavirus Aid, and Economic Security Act, (CARES Act). While many of its provisions...
phoenix rent growth leader

Surging rent growth reported for June

The latest rent report from Yardi Matrix shows accelerating rent growth for the country as-a-whole in June, with SFR rents outpacing those of multifamily. Rents up sharply again Yardi Matrix reported that the national average apartment...
The Vic

Sponsored: How The Vic partnered with DISH Fiber to launch a one-of-a-kind community

When construction on The Vic at Interpose started back in 2021, developers knew they were building something different. Designed to give Houston residents a prime location without all the high costs that typically come with...
apartment construction

Multifamily construction has a great month

The Census Bureau’s new residential construction report for May stated that the number of multifamily permits issued, starts and unit completions were all up for the month, starts significantly so. Starts again outpaced completions...
multifamily housing construction

Multifamily housing construction activity: starts up, completions down

The Census Bureau’s new residential construction report for December showed mixed results for multifamily housing construction activity with higher starts but lower completions. Permits were affected by a one-time event and so their results...
Yield PRO