Multifamily property prices rise in July
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in July, the first month-over-month increase since June 2022. However, this index fell 18.0 percent year-over-year.
The value-weighted index of non-multifamily...
Inflation drives interest rates higher
Forecasts from Fannie Mae and from the Federal Reserve foresee continued high inflation and rising interest rates.
Fannie Mae issues a monthly forecast for the economy and for housing production. The forecast provides both quarterly...
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...
Fannie Mae provides assistance to help renters impacted by COVID-19 stay in their apartments
Fannie Mae wants to help ensure families who are renting in multifamily properties are able to remain in their apartments during these unprecedented times. In coordination with the Federal Housing Finance Agency (FHFA), Fannie...
Pricing disconnect weighs on CRE investment activity
A new CBRE survey finds a wide disconnect on pricing expectations between buyers and sellers as a consequence of the COVID-19 pandemic that is weighing on commercial real estate investment activity.
The CBRE survey found...
Rent growth remains high in Yardi Matrix survey
Yardi Matrix reported that the national average apartment rent rose $14 in March to $1,642 per month.
Rents growth moderates slightly
The national average apartment rent was up 14.8 percent from its year-earlier level, a slightly...
New study: Apartment renters value smart home tech above traditional amenities
A new study out by property management company Entrata shows the vast majority of the country’s renters value new and evolving smart home amenities over traditional benefits offered to apartment dwellers. The survey found that most important...
HUD and Puerto Rico ink $1.5 billion disaster recovery grant agreement
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico...
Rent growth continues autumn fall
The latest rent report from Apartment List shows that the national median monthly rent growth in September was -0.5 percent. Year-over-year rent growth was -1.2 percent. The month-over-month results are the worst for a...
NMHC & Kingsley 2020 Apartment Resident Preferences Report takes residents’ pulse on top leasing...
From must-have technology to popular pet perks, the 2020 Apartment Resident Preferences Report released today by the National Multifamily Housing Council (NMHC) and Kingsley Associates provides an exhaustive look at what apartment residents want...
Construction materials prices lower as lumber falls
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2020. It showed that the BLS price index of materials and components for construction was down 0.3 percent from October,...
Fannie Mae sees bigger housing slowdown coming
Fannie Mae’s November economic and housing forecasts predict that both multifamily and single-family housing starts will fall next year by more than they previously expected.
The November forecast is the first from Fannie Mae to...
Renewed consumer confidence boosts apartment demand
As 2023 comes to a close and inflation eases a bit, consumer confidence has rebounded, according to two December surveys. Renewed consumer confidence is boosting apartment demand in markets across the nation....
Fannie Mae examines multifamily construction pipeline
The multifamily commentary that accompanied Fannie Mae’s monthly forecast for August reported on the number of units in the multifamily construction pipeline. In doing so, it used data from Dodge Data and Analytics (Dodge).
Starts...
Yardi Matrix reports rent growth turns negative in September
Yardi Matrix reported that national average apartment rents fell $6 in September, compared to the revised rent level of the month before. The average rent fell to $1,722 per month. The national average asking apartment...
