New York has most severe rent burden
A WalletHub study looked into the share of median household income that would be required to pay the median rent plus energy costs. The state-by-state rankings are shown below:
Source: WalletHub
Rank
State
Cost of housing as share...
NMHC survey shows improved apartment market conditions
Changes in U.S. trade policy over the past two weeks have impacted global financial markets, causing stock prices to fall (and then partially recover) and long-term yields to increase amidst a retreat of capital...
Multifamily permits higher but starts lower in March
The Census Bureau’s report on new residential construction stated that multifamily permits moved higher for the first time in 4 months. Multifamily starts, which have been bouncing up and down month-by-month, fell this month....
Navigating Today’s Tariff-Driven Uncertainty
Anyone hoping that economic uncertainty would ease throughout the year has so far been disappointed. President Trump’s fluctuating tariff policies have only intensified uncertainty, sending ripples across the housing industry.
According to a...
To REC or Not to REC. That is the question. Also, what the Heck...
From a reporting and compliance perspective, this is the heavy energy benchmarking season. Utility data is being collected, reviewed, assured and benchmarked, not only for green loans, GRESB reporting and energy compliance benchmarking, but...
CBRE reports cap rates continue downward movement in Q1
A new report from CBRE states that cap rates for core multifamily assets moved lower in Q1, continuing a trend that began in Q1 2024. Both buyer and seller sentiment improved, according to the...
Tightened rent control proposed in California
Assemblyman Ash Kalra (D-San Jose) has introduced AB 1157, which would tighten the provisions of California’s statewide rent control regime, which was introduced in the Tenant Protection Act of 2019. It would reduce the...
Redfin talks rents
Redfin’s rent report for March says that the national median asking apartment rent growth was 0.4 percent for the month, with rents reaching a level of $1,610. However, the median rent was down 0.6...
Lumber prices lead construction materials prices higher in March
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices jumped 0.7 percent month-over-month in March on a seasonally adjusted basis. The index of components and...
Student housing preleasing flat while rent growth slows
Student housing preleasing across Yardi 200-tracked universities held steady in March 2025 at 67.1 percent, slightly below the year-ago level of 67.4 percent, while enrollment has grown in primary state schools. However,...
The economic benefits of recycling in apartment complexes
About four years ago, I was implementing a recycling program at a property in Nevada. As part of the program, I ran a resident engagement event to ensure everyone knew which bins were trash...
Rent growth continues positive in March
Yardi Matrix reported that the national average asking apartment rent was up $5 in March compared to the revised level of the month before at $1,755 per month. The national average year-over-year asking apartment rent...
NMHC 50 recognizes industry’s top firms
The National Multifamily Housing Council (NMHC) released their 2025 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
Job openings trend lower in February
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in February was 7.57 million. Job openings in construction were up for...
Strong employment growth overall but construction trades suffer
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the economy experienced strong overall employment growth in March. However, the employment levels for only 2 of the 4 multifamily-related job...
