Residential construction spending rises in January
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in January was up 1.3 percent from the revised level of the month before. Residential construction spending...
Annual rent growth rate falls as rents decline
Yardi Matrix reported that the national average year=over-year apartment rent growth in August was $10, bringing the average rent to $1,718 per month. However, rents fell in August from the revised level of the...
Pulse Survey finds lower rent delinquencies
The “Week 49” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments has fallen to a new survey low of 12.3 percent.
What is...
Western Specialty Contractors offers tips on protecting parking structures from damage during winter
Chemical deicers and snow plows are commonly used in winter to eliminate hazardous ice and snow from parking decks and structures. While deicers are doing their job melting away snow and ice, some may...
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...
Multifamily job openings rise in February despite overall decline
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 9.93 million, down 632,000 openings from last month’s figure...
The Wolff Company launches senior resident experience company
The Wolff Company, a Scottsdale-based developer, announced plans to launch a Senior Living Resident Experience Company. This spring, the new company, yet to be named, will assume management for all of The Wolff Company’s...
Remodeling market sentiment edged down in second quarter
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 68, edging down two points compared to the previous quarter.
The NAHB/Westlake...
Multifamily mortgage originations fall in Q2
A Mortgage Bankers Association (MBA) report on mortgage originations shows that, while multifamily mortgage originations fell in the latest quarter, they held up better than did originations for other commercial property types.
Setting a baseline
The...
U.S. needs 4.3 million more apartments by 2035 to address demand, deficit and affordability
Amidst demographic shifts and lingering pandemic impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by...
MSCI: Multifamily property prices lower again
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in September were down 0.3 percent from their level of the month before and down 12.8 percent from...
Job openings remain high as hiring falls in December
The December Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings increased slightly for the month. Both hiring and separations fell, but...
CoStar reports multifamily property prices still rising
A new report from CoStar says that the rate of growth in multifamily property prices declined in February while the prices of other commercial property actually fell month-over-month.
CCRSI defined
The CoStar report focuses on a...
Understanding Gen Z
A new survey from Freddie Mac examines the attitudes of Gen Z about money, renting and home ownership. The survey questioned 1739 people aged from 14 through 25, 72 percent of whom are still living...
Multifamily mortgage debt sources shift in Q3
A Mortgage Bankers Association (MBA) report shows that growth in multifamily mortgage debt outstanding in Q3 2023 was up from that in Q2. Growth in multifamily mortgage holdings was down from the Q3 2022...
