Construction materials price gains accelerate
The August producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.4 percent in the month, seasonally adjusted. The index was 15.2 percent higher...
Multifamily CMBS delinquency and special servicing rates drop again
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed security (CMBS) loans declined in January, falling 71 basis point. Trepp also reported that the multifamily CMBS special servicing rate declined, falling 83 basis...
DC program causing chaos at Class A apartment community
Sedgwick Gardens is a historic landmark in a high-priced neighborhood in northwest Washington, D.C., the Washington Post reported. But in the past two years, it has also come to play home to a number...
Gov. Newsom announces plan to pay rental housing providers 100 percent of rent owed
Gov. Newsom announced his intent to pay rental housing providers 100 percent of rent that’s gone unpaid because of COVID-19.
“This is certainly welcome news, and we applaud Gov. Newsom for his commitment to making...
Residential construction spending rises in November
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in November was up 0.9 percent from the revised level of the month before. Residential construction spending...
HUD and John Marshall Law School team up to launch National Fair Housing Training...
The U.S. Department of Housing and Urban Development (HUD) announced today that it is partnering with the John Marshall Law School in Chicago and Cloudburst Consulting Group, Inc., to develop the National Fair Housing...
Rent delinquencies continue slow rise
The “week 39” release of the Census Bureau’s Pulse Survey shows that the portion of residents with rent delinquencies is up slightly since we last reported on this survey. For comparison, the NMHC rent...
Rents continue to decline in May
Yardi Matrix released its May 2020 report on the multifamily rental housing market. The report shows that the COVID-19 induced softness in the market is continuing.
Rent growth drops
While the usual annual pattern is for...
Multifamily property prices continue record rise
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 23.6 percent year-over-year In December. This is the fourth month in a row where the annual increase in the apartment...
Property owner sues East Orange, New Jersey, for stealing $80,000 in equity
An East Orange property owner filed a lawsuit challenging a state tax scheme that allowed the city to take her entire property for paying taxes late, or roughly $80,000 more than she owed.
Lynette Johnson...
Construction materials prices fall in October
The October 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, matching last month’s decline. However, the index...
IRR updates its Viewpoint
Intergra Realty Resources (IRR) released its 2022 Mid-Year Viewpoint Summary, an update to its annual Viewpoint report. Unlike the year-end report, the update does not discuss the state of the US economy but rather...
Rent tracker shows payments up in June
The NMHC rent tracker project has released its third reading on rent collections in the month of June. A total of 92.2 percent of residents had made a rent payment by June 20, 2020....
MSCI: Multifamily property prices unchanged
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in December were statistically unchanged from their level of the month before, breaking a string of 16 monthly...
CoStar reports multifamily property prices move higher
CoStar reported that multifamily property prices rose in April after slight declines in each of the 2 previous months.
CCRSI defined
The CoStar report focuses on a relative measure of property prices called the CoStar Commercial...
