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RealPage breaks silence in response to allegations of price fixing
RealPage breaks silence in response to allegations of price fixing levied by renters' groups and the U.S. Department of Justice, releasing a statement that tells "the real story."
The statement is a response...
Bumps in the road for Katerra
Ambitious construction startup Katerra has laid off 7 percent of its workforce as it shifts its focus from fleshing out its product offerings to becoming profitable. This is at least the fourth round of...
California rent control – round 3?
A new rent control initiative, titled the Justice for Renters Act, has been cleared by the California Attorney General to begin the process of collecting enough signatures to qualify it for the ballot.
Update May...
Multifamily fundamentals are strong in 2024, despite uncertainties
The 2024 apartment market forecasts are in and despite twists, turns and uncertainties, multifamily fundamentals are strong.
In December, the Apartment List Research Team released its Seven Predictions for the 2024 Rental...
Emergency Rental Assistance funds going out – slowly
A report by the U.S. Department of the Treasury states that, as of the end of July, approximately 24 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
Construction materials prices higher in January
The Bureau of Labor Statistics (BLS) released its producer price index report for January 2021. It showed that the BLS price index of materials and components for construction was up 1.5 percent from December,...
Fannie Mae forecasts a downturn in 2023
Fannie Mae’s April economic and housing forecasts anticipate that rising interest rates will cause the U.S. economy to contract in the second half of 2023. While this is expected to reduce the number of...
California rent control – round 3 is on
The California Secretary of State’s (CASoS) office announced that the rent control initiative called the Justice for Renters Act has qualified for the November 2024 election ballot. California voters will have their third opportunity...
Fannie Mae updates 2021 and 2022 forecasts
Fannie Mae recently revised its economic outlook for 2021. The new forecast predicts significantly higher growth over the next two years than their last forecast from only one month ago. The economists at Fannie...
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...
Construction materials price rises spread in February
The Bureau of Labor Statistics (BLS) released its producer price index report for February 2021. It showed that the BLS price index of materials and components for construction was up 1.4 percent in the...
GSEs increase share of multifamily mortgage debt again in Q4 2020
A Mortgage Bankers Association (MBA) report on multifamily and other commercial mortgage debt shows that the GSEs accounted for 96 percent of the increase in multifamily mortgage debt outstanding in Q4.
Unlike the MBA report...
Construction materials prices higher again in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2021. It showed that construction materials prices were up 2.1 percent in the month, seasonally adjusted. The construction materials price...
Construction materials price decline continues
The January producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.2 percent in the month, seasonally adjusted, the fifth monthly decline in a row....
