Multifamily real estate investment rises in Q2
Commercial real estate's multifamily sector delivered a tale of two markets in the second quarter, with robust annual growth masking quarterly volatility as investors navigated policy uncertainty and shifting lending conditions according to a...
Record Q2 multifamily demand as vacancy falls to 4.1 percent
The U.S. multifamily housing market delivered its strongest second-quarter performance on record in 2025, with rental demand vastly outpacing new construction and driving vacancy rates to their lowest levels since before the pandemic. The...
Revenue management software under renewed legal pressure
Dom Beveridge, a multifamily technology analyst and creator and author of the 20for20 website and blog, recently addressed Seattle’s Ordinance CB121000, which bans the use of revenue management (RM) software that relies...
Construction materials prices higher as metals price jump
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.1 percent month-over-month in July on a seasonally adjusted basis. The intermediate demand index of...
Assessing RUBS versus CAD
Let us continue our deep dive into our “Show me the money” discussion of utility reimbursement revenue and where common sense needs to play a role. After we have addressed our resident-unit meter set...
Multifamily CMBS special servicing rate rises in July
Trepp reported that the special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans rose in July, although it has stayed in a narrow range since reaching a recent high in December 2024. However,...
Student housing construction rises in Q2 with demographic and enrollment challenges
Student housing construction rose in Q2, but demographic and enrollment trends pose challenges, according to a report from National Association of Home Builders (NAHB). Private fixed investment in student dormitories edged up...
Consider the complexities of vacant cost recovery
It is not even close to being one of my favorite movies, but there is a well-used quote from the movie, “Jerry McGuire.” I bet you just guessed the quote. If not, it is...
Yardi Matrix: Rents edge higher in July
Yardi Matrix reported that the national average asking apartment rent was up $2 in July compared to the revised level of the month before at $1,754 per month. The national average year-over-year asking apartment rent growth...
The new opportunities in opportunity zones
The One Big Beautiful Bill Act's (OBBBA) recent revisions to the Opportunity Zone program have the potential to transform multifamily housing development in America's distressed communities. With the nation facing a shortage of 7.1...
Multifamily mortgage originations fall in Q2 despite overall rise
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations were down 35 percent year-over-year in Q2. This was the largest decline for the property types the MBA tracks, although hotel...
Multifamily CMBS delinquency rate rises
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) increased in July after 2 months of declines. It and industrial were the only property types to see their rates rise in...
Multifamily construction spending inches higher in June
The Census Bureau’s report on construction spending stated that the value of multifamily residential construction put in place in June rose slightly from the revised level of the month before. Spending on single-family residential...
Property manager jobs increase despite weak employment growth overall
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated employment grew in July, but this was aided by significant downward revisions in the reported employment levels for the prior 2 months....
BREEAM: a British import to consider
I was born in California but now reside in Texas. It makes me happy to tell people, “What happens in California doesn’t STAY in California.” This statement horrifies some people but holds true for...
