BLS looks at housing leases
In October 2020, the Bureau of Labor Statistics (BLS) added two questions about housing leases to the survey used to determine the consumer price index (CPI). The questions asked about the origination date of...
Multifamily housing construction permits fall while starts rise
The Census Bureau’s new residential construction report for August was the reverse of last month’s report with multifamily housing construction permits and completions falling sharply while starts jumped. In single-family housing construction, the changes from...
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...
Builder confidence falls for ninth straight month as housing slowdown continues
In another sign that the slowdown in the housing market continues, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent building material supply chain disruptions...
Assisted living occupancy rebounds
NIC MAP Vision, a market analytics company for the senior housing industry, released a mid-quarter analysis showing that occupancy in the assisted living market segment is recovering more strongly from the pandemic-era downturn than...
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...
Building the future
Inspiring the next generation to continue the work of supplying the nation with housing is central to the long term health of the home building industry. One step that the National Association of Home...
BLS releases 10-year employment growth projections
The Bureau of Labor Statistics (BLS) recently released its projections for employment growth in the period from 2021 to 2031. The projections encompass growth in the labor force as-a-whole as well as in many...
Annual rent growth rate falls as rents decline
Yardi Matrix reported that the national average year=over-year apartment rent growth in August was $10, bringing the average rent to $1,718 per month. However, rents fell in August from the revised level of the...
NMHC names Sharon Wilson Géno president
The National Multifamily Housing Council (NMHC) named Sharon Wilson Géno, a 30-year veteran of the housing industry, as the organization’s President-Elect effective October 11. Wilson Géno will assume the role of President from Doug...
CoStar reports multifamily property prices fall in July
CoStar reported that its value-weighted index of multifamily property prices increased 17.7 percent year-over-year in July 2022. The index fell 1.1 percent month-over-month. The combined value-weighted index of non-multifamily commercial property rose by 6.0 percent,...
Shift in single-family home building toward smaller markets continues
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show a shift in home building activity over the past 30 months, with notable slowing in large, metro urban...
Mixed employment report in August
The latest Employment Situation Report from the Bureau of Labor Statistics said that employment in residential construction jobs was higher than in the prior month but that employment in apartment operations jobs fell. Overall jobs...
Residential construction spending down in July
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in July was down 1.5 percent from the revised (+1.2 percent) level of the month before. Residential...
Blackstone suspends 38 metros in downturn
Home Partners of America (HPA), a single-family rental (SFR) business, will stop all property acquisitions in Boise, Reno, Spokane, Fresno, Memphis and 33 other geographic areas due to the market downturn in the single-family...
