Apartment watch

A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs, persistent labor...

A recent report from CBRE says that their commercial mortgage lending momentum index fell in Q1, dropping 33 percent quarter-over-quarter and 53.5 percent year-over year. Dividing the market Unlike reporting from the Mortgage Bankers Association, CBRE...

Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as the industry continues to face several challenges, including building material...

A whitepaper from NIC MAP Vision looks at how the lease-up rates for senior housing properties have changed over the past 10 years. It finds that the pandemic greatly slowed lease-up rates for new...

A measure which would expand the number of properties in California which could be subject to rent control is working its way through the State Senate. The bill, SB-466, would allow local jurisdictions to...

The April producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged for the month, seasonally adjusted. The index of components and materials for construction...

The U.S. Department of Housing and Urban Development (HUD) published the Final Rule for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. The rule proposes a new...

Two reports from Trepp show small improvements in the multifamily CMBS market with declines in both the CMBS delinquency rate and the special servicing rate. CBMS delinquency rate unchanged overall One monthly Trepp report focuses on...

A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations in Q1 2023 were down 55 percent on a year-over-year basis. Commercial mortgage originations overall fell 56 percent. Commercial mortgage originations down...

Yardi Matrix reported that national average apartment rent increased $5 in April to $1,709 per month. This is the largest monthly rent increase reported by Yardi Matrix since last July and indicates that a...

The Employment Situation Report from the Bureau of Labor Statistics stated that apartment operations employment fell slightly while residential construction employment rose overall in the latest month. Total employment continues to grow The Bureau of Labor...

The Census Bureau released its quarterly report on home ownership and occupancy for Q4 2022. It stated that the rental housing vacancy rate was 6.4 percent, up from a level of 5.8 percent in...

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in March was 9.59 million, down 384,000 openings from last month’s revised...

The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease—trends that are expected to continue in 2023, according to CBRE’s latest research. The overall multifamily vacancy rate increased by...

The takeover of First Republic by JPMorgan Chase adds another complication to a local real estate market already hampered by high interest rates, difficulties in financing and low occupancy. And for Bay Area real estate...