White House Opportunity and Revitalization Council introduces opportunityzones.gov
Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the...
Mixed multifamily jobs report for February
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the number residential construction jobs rose for the month, but apartment operations jobs fell.
Total employment rises
The BLS reported that employment increased...
Emergency Rental Assistance update for June 2022
The latest report by the U.S. Department of the Treasury states that, as of the end of June, 83 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
Multifamily mortgage originations rebound in Q2
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages were up when compared to quarter-earlier and to year-earlier levels.
Multifamily mortgage lending recovers
The first chart, below, shows the quarterly origination...
Rent growth turns negative in November
Yardi Matrix reported that national average apartment rent growth turned negative in November with rents falling $9 from October’s revised level to $1,719 per month.
YoY rent growth rate slide continues
The national average asking apartment...
Rising prices impact renters
Freddie Mac recently conducted a 20 question survey of 2000 adult American consumers to assess how the current era of rapidly rising prices is affecting them. Many of the questions dealt with housing, and...
HUD commemorates Fair Housing month and 50 years of the Fair Housing Act
Nearly 50 years ago, President Lyndon Johnson signed the Civil Rights Act of 1968 and fair housing became law. In signing the landmark measure, President Johnson declared, “Now, with this bill, the voice of...
Victory: Court sets aside the CDC’s ban on evictions
A federal judge ruled that the Centers for Disease Control and Prevention overstepped its authority in issuing a nationwide eviction ban. The ruling is a victory for a group of Ohio landlords and the...
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...
Balance of apartments shifts to third-party management
The shifting balance of owned and managed apartments in the U.S points to a trend that has been developing over the past 10 years.
The nation's largest owned portfolios have gotten smaller, leading...
CoStar reports multifamily property price rise slowing
A new report from CoStar says that multifamily property prices continued their recent rise in October, although the rate of price gains has moderated recently.
CCRSI defined
The CoStar report focuses on a relative measure of...
IRR assesses the state of the CRE market
Intergra Realty Resources (IRR) released its Viewpoint 2022 report on the CRE market. The report states that the economy has strong momentum going into 2022, but that the markets may not be adequately pricing...
Rent Payment Tracker: payments still down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.1 percent of apartment households made a full or partial rent payment by September 20 in its survey of 11.4 million units of professionally...
Job openings remain high in October
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for October. It reported that the number of job openings edged up to the second-highest level ever seen...
Commercial property loan delinquency rates decline
A pair of reports, one from Trepp and one from the Mortgage Bankers Association (MBA) indicate that delinquencies on loans on commercial property continue to decline from the elevated levels they reached early in...
