Apartment market conditions soften amidst rising interest rates
Rising interest rates caused by the Federal Reserve’s ongoing efforts to combat inflation continue to impact the multifamily business. However, it is worth noting that the overall apartment market has begun to revert to...
Rents fall again in October
The latest rent report from Apartment List shows that the national average rent growth in October remained negative for the second consecutive month. Rents fell 0.8 percent month-over-month, although year-over-year rent growth remained positive,...
ULI releases Emerging Trends in Real Estate 2023
The Urban Land Institute (ULI) released the latest edition of its Emerging Trends series. The 2023 edition takes a broad look at emerging influences on the commercial real estate market and also takes a...
CoStar: multifamily property price rises moderating
CoStar reported that its value-weighted index of multifamily property prices increased 14.5 percent, year-over-year, in September 2022. However, this index was down 0.2 percent month-over-month, the third monthly decline in a row. The value-weighted index...
Tracking excess savings
A report from Oxford Economics assesses the current state of the excess savings accumulated by American consumers during the pandemic. Access to these savings is helping to support current consumer spending, including on housing. Legacy...
SFR rent growth down from recent highs
A report from CoreLogic, a data and analytics company, states that the rate of rent growth in the single-family rental (SFR) market fell in August for the fourth month in a row, reaching 11.4...
Student housing preleasing sets record in 2022
Yardi Matrix recently provided updates on the student housing market, both in the form of a report and also in the form of a webinar. The report covered the student housing market fundamentals while...
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...
Multifamily property price growth rate down in September
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices rose 15.9 percent year-over-year in September and that they rose 0.2 percent from the month before. The year-over-year...
Fannie Mae revises GDP growth forecast lower again
Fannie Mae’s October economic and housing forecasts predict that the economy will briefly return to growth in Q3 before entering a recession in early 2023. The downturn is expected to lower housing starts next...
Multifamily housing construction completions rebound
The Census Bureau’s new residential construction report for September was the reverse of last month’s report with multifamily housing construction permits and completions rising. Starts fell after moving sharply higher last month, but starts...
Have construction materials price rises peaked?
The September producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.4 percent in the month, seasonally adjusted. While this decline is small, it may...
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...
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...
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...
