Senate Banking Committee advances ROAD to Housing Act
On July 29, the Senate Committee on Banking, Housing, and Urban Affairs voted 24-0 vote to advance the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025. The landmark bipartisan legislation,...
National median rent nearly unchanged in July
The latest rent report from Apartment List shows that the national median monthly rent growth in July was 0.03 percent. Rents have now risen for 6 months in a row, but the rate of...
Job openings lower in June after May bump
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of total non-farm job openings in June fell to 7.44 million. Hiring was down for...
CoStar: multifamily property prices unchanged for the month
CoStar reported that its value-weighted index of multifamily property prices was unchanged month-over-month in June. This index was up 4.3 percent year-over-year.
MSCI Real Capital Analytics also recently reported that multifamily property prices were unchanged...
Share of renter households rises in Q2
The Census Bureau’s quarterly report on home ownership and occupancy for Q2 2025 stated that the rental housing vacancy rate was 7.0 percent, down 0.1 percentage points since last quarter’s report. This was the...
Multifamily starts forecasts revised lower
Revisions to Fannie Mae’s July housing forecast reduce the number of multifamily starts expected in 2025 and 2026 from those in last month’s forecast. Fannie Mae is now predicting 381,000 starts in 2025 with...
MSCI: Multifamily property prices break their fall in June
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were unchanged in June compared to the revised level of the month before. Prices were up 0.1 percent...
RealPage Q2 reports deep concessions, resilient demand
RealPage Analytic's second-quarter multifamily report paints a picture of a market gradually finding its footing. The apartment sector is stabilizing, though unevenly, after a turbulent year marked by interest rate swings and...
Congress considers the future of the HOME program
The HOME Investment Partnerships Program, the largest federal block grant dedicated to affordable housing, is at the center of an intense funding battle for FY 2026. With the Trump administration proposing to eliminate the...
White paper examines impact of smart energy management
In 2024, the average multifamily resident paid $123 monthly for electricity, up 32 percent from 2020, with over half of residents now describing energy costs as “too high”. A recent white paper from Parks Associates,...
NMHC reports borrowing conditions improve in Q2
The Market Tightness Index (54), Sales Volume Index (55) and Debt Financing Index (69) all came in above the breakeven level of 50, indicating improved conditions, while the Equity Financing Index remained just below...
Enhancing appeal through sustainability
One of the many things I loved when I was at a certain property management company was the creative way that they approached their model apartment units. In a sea of apartments that looked...
Multifamily starts recover while completions plunge in June
The Census Bureau’s report on new residential construction stated that multifamily permits rose slightly in June. Multifamily starts recovered most of last month’s fall while multifamily completions were reported to be at their lowest...
Renter delinquency trends worsen in 2025
A new industry report on renter delinquency trends paints a starker picture of the multifamily sector in 2025 than was suggested here last month. Produced by J Turner Research in partnership with...
Construction materials prices higher despite lumber price decline
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in June on a seasonally adjusted basis. The index of components and...
