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...
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...
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...
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...
IRR reports multifamily cap rates rising
Intergra Realty Resources (IRR) released its 2023 Mid-Year Viewpoint Summary, an update to its annual Viewpoint report. Unlike the year-end report, the update does not discuss the state of the US economy but rather...
Multifamily construction starts continue to outpace completions
The Census Bureau’s new residential construction report for November stated that the number of multifamily construction permits issued was down from its recent very high levels but that starts and completions both rose for...
Census reports solid multifamily housing construction results
The Census Bureau released its monthly new residential construction report for May 2021. It stated that some results were down from those in recent reports, but they were still strong compared to historical levels.
Multifamily...
Emergency Rental Assistance update
The latest report by the U.S. Department of the Treasury states that, as of the end of March, 74 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
Job openings top 11 million in January
The January Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings remained high for the month while hiring was flat.
Overall jobs market...
Supreme Court keeps CDC eviction moratorium in place
The U.S. Supreme Court has declined to act to set aside the CDC’s eviction ban. The ban is currently scheduled to expire July 31, 2021 but it has been repeatedly extended in the past...
Multifamily jobs markets mixed in May
The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing had a mixed performance in May.
Total employment growth picks up
The...
Annual rate of rent growth remains high in March
The latest rent report from Apartment List shows that the national average rent growth in March was 0.8 percent month-over-month and 17.1 percent year-over-year. The monthly rate is up slightly but the annual rate...
Multifamily construction spending stalls in May
The Census Bureau’s latest report on construction spending shows that the value of residential construction put in place in May was up 0.2 percent from the revised level of the month before. Residential construction...
Residential construction spending continues to rise
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in June was up 1 percent month-over-month and up 29 percent year-over-year. However, the apparent strength of...
Residential construction spending down in July
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in July was down 1.5 percent from the revised (+1.2 percent) level of the month before. Residential...
