Apartment watch

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

rent growth

Rent growth continues apace in June

The latest rent report from Apartment List shows that the national average apartment rent rose in June, increasing 1.3 percent month-over-month and 14.1 percent year-over-year. While still very strong, the year-over-year rate is down...
sfr residents multifamily residents

How are SFR residents different?

A presentation at the National Apartment Association’s (NAA) Apartmentalize conference last week in San Diego discussed the differences between the single-family and multifamily rental markets. One aspect of this comparison was the differences between...
apartment price growth

Multifamily property prices continue their rise

A new report from MSCI said that multifamily property prices rose 23.3 percent year-over-year in May and that they rose 1.5 percent from the month before. The annual rate of increase is effectively unchanged...
biden housing plan for housing shortage

Biden Administration delivers plan to remedy housing shortage

The Biden administration recently announced its plan to solve the nation’s housing shortage, which includes creating more affordable housing. The 13-page Housing Supply Action Plan promises to increase housing supply across the nation, eradicating...
Mortgage money

Multifamily mortgage debt outstanding rises in Q1

A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt shows that banks and thrifts again had the largest net increase in multifamily mortgage holdings in Q1 2022. This is the second...
fannie mae forecast

Fannie and Fed furnish falling forecasts

The latest forecasts from Fannie Mae and from the Federal Reserve foresee higher inflation than in earlier forecasts. They predict that rising interest rates will slow the economy, although they disagree on how much. Fannie...
multifamily housing construction

Multifamily housing construction starts plunge in May

The Census Bureau’s new residential construction report for May showed softening in multifamily permit issuance and a drop in unit starts. Unit completions rose during the month but still trailed unit starts resulting in...
rent growth factors

What drives rent growth?

A new report from Yardi Matrix seeks to answer this question and to examine how the factors driving rent growth have changed since the onset of the COVID pandemic. Identifying the factors The report looked at...

More than 600 builders urge Congress to take action to ease the housing affordability...

More than 600 builders from across the nation trekked to Capitol Hill for the National Association of Home Builders (NAHB) 2022 Legislative Conference to spotlight the growing housing affordability crisis that threatens to derail...

NAHB urges Congress to take steps to get more women in the workforce

To get more women working in the residential construction sector and overall workforce, lawmakers must pursue flexible, targeted and incentive-based strategies to tackle the high cost of childcare and availability of paid leave, the...

Weakening builder confidence points to economic troubles ahead

Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment. In a troubling sign for the housing market, builder confidence in the market for...

Construction materials prices continue to surge

The Bureau of Labor Statistics (BLS) released its producer price index report for May 2022. It stated that construction materials prices were up 1.1 percent in the month, seasonally adjusted. The index was 18.2...

Ginnie Mae MBS portfolio growth surpasses $2.2 trillion

Ginnie Mae guaranteed more than $49 billion in mortgage-backed securities (MBS) in May 2022, helping support affordable homeownership and rental unit development for more than 170,000 households. The May issuance takes the overall outstanding...
apartment vacancy

Apartment List reports on apartment vacancy rates

In its inaugural report on apartment vacancy rates, Apartment List states that the national average rate rose to 4.95 percent in May. This is up 0.6 percent from the year-earlier value and up 0.9 percent...

New research shows regulations account for 40.6 percent of apartment development costs

Regulation imposed by all levels of government accounts for an average of 40.6 percent of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the...
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