Apartment watch

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

MBA economic forecast

MBA forecasts a slowing economy

The Mortgage Bankers’ Association (MBA) recently released its Q2 2022 quarterly databook. It contains some data that has been previously discussed here and here, but it also includes new forecasts for key economic metrics...
senior housing

Recovery in senior housing continues in Q3

An NIC Map Vision summary of the fundamentals of the senior housing industry reports that they are continuing to improve as the recovery from the pandemic continues. Segmenting the market The senior housing market is highly...
construction jobs

Weak report on construction employment in September

The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs was higher in September than reported the month before but employment in residential construction jobs was...
Miami leads in rent growth

Rent growth flatlines in September

Yardi Matrix reported that national average apartment rent growth stalled in September with rent remaining unchanged from their August level at $1,718 per month. YoY rent growth rate slide continues The national average apartment rent was...

NAA and NMHC statement on Biden Administration’s progress in implementing its Housing Supply Action...

The National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) applaud today’s announcement by the Biden administration, emphasizing additional steps they are taking to execute the Housing Supply Action Plan goals they unveiled...
The Vic

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...
job openings

Multifamily job openings rise in August despite overall openings plunge

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings fell in August from last month’s level despite last month’s job openings...
housing price inflation

BEA reports on housing inflation

The Bureau of Economic Analysis released its report on personal consumption expenditures (PCE) for the month of August. The overall PCE price index rose 0.3 percent for the month and 6.3 percent from the...
residential construction spending

Multifamily residential construction spending steady in August

The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in August was up 0.4 percent month-over-month despite overall residential construction spending falling by 1.0 percent. Multifamily...
falling commercial property prices

Costar says multifamily property prices down for second month

CoStar reported that its value-weighted index of multifamily property prices fell 1.4 percent month-over-month in August after a revised fall of 0.5 percent the month before. The index increased 15.2 percent year-over-year. The combined value-weighted...

Construction delays are ongoing as most costs continue to rise

This month's NMHC Construction Survey found that 90 percent of respondents reported construction delays, with 78 percent of this group reporting delays in permitting and 86 percent experiencing start delays. Notably, an increasing share...
affordable housing

Streamlining inspections of affordable housing in California

The California State Legislature recently passed, and Governor Newsom signed, AB 2006, a bill to eliminate duplication in the inspection of affordable housing projects in the state. The bill was sponsored by Assemblyman Marc...

Fannie Mae launches rent payment reporting program to help renters build credit

Fannie Mae announced the launch of its Multifamily Positive Rent Payment Reporting pilot program, aimed at helping renters build their credit history and improve their credit score. Beginning September 27, 2022, eligible multifamily property owners can share...
falling rent growth

Rents fall in September

The latest rent report from Apartment List shows that the national average rent growth turned negative in September. Rents fell 0.2 percent month-over-month but still rose 7.5 percent year-over-year. The month-over-month decline was only...

Housing group announces settlements with three Southern California cities, three new lawsuits over failure...

Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) that aims to address California's housing crisis through impact litigation, announced that it has filed lawsuits against the cities of Claremont, Fullerton and...
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