Costar says multifamily property prices down for second month
CoStar reported that its value-weighted index of multifamily property prices fell 1.4 percent month-over-month in August after a revised fall of 0.5 percent the month before. The index increased 15.2 percent year-over-year.
The combined value-weighted...
NAHB launches revised multifamily market survey
The National Association of Homebuilders (NAHB) has introduced a pair of new indexes assessing sentiment within the multifamily industry. These new indexes are a redesigned version of NAHB’s Multifamily Market Survey.
Creating the scale
The surveys...
Granny flats, garage apartments, in-law suites gaining in popularity
According to a new Freddie Mac national study, the growth of accessory dwelling units (ADUs) in the United States has been dramatic, particularly in high-cost areas seeing significant population growth.
Freddie Mac’s research, the first-of-its-kind on...
Apartment demand fell in 2022
RealPage’s Early Edition report for Q4 2022 sums up key apartment absorption measures for 2022 and looks ahead to what we can expect for 2023.
Ending a run
RealPage reported that apartment absorption has been positive...
Multifamily property values fall in Q2
CoStar recently released its quarterly report on the change in value of commercial property in the United States. This article looks at the part of the report that deals with multifamily property values.
Defining the indices
The...
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...
Fannie Mae forecasts later downturn
Fannie Mae’s June economic and housing forecast predicts that the expected economic downturn will occur slightly later than did other recent forecasts. It also predicts a higher level of multifamily starts in 2023 but...
Rent growth rate declines in July
Yardi Matrix reported that the national average apartment rent growth in July was $10, bringing the average rent to $1,717 per month.
Rent growth rate slipping
The national average apartment rent was up 12.6 percent in...
55+ housing market shows continued strength in second quarter
Builder confidence in the single-family 55+ housing market continued to be in positive territory in the second quarter of 2018, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) which was released...
Trepp examines refinance risk
A recent report from Trepp looked at the amount of securitized debt on multifamily property that is expected to come due over the next 2 years and estimated that 42 percent of that debt...
How many housing units does California need by 2025?
A McKinsey study estimated California’s housing shortfall at 3.5 million units by 2025. Providing these units has been the stated goal of Governor Newsom and of the California State Legislature. A study by the...
Rent Payment Tracker: October payments down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 78.4 percent of apartment households made a full or partial rent payment by October 6 in its survey of 11.8 million units of professionally...
Construction materials prices continue their advance
The Bureau of Labor Statistics (BLS) released its producer price index report for December 2021. It showed that construction materials prices were up 1.5 percent in the month, seasonally adjusted. The index was 22.0...
Multifamily property prices continue sharp rise in January
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 22.5 percent year-over-year in January and that they rose 1.9 percent from the month before.
Defining CPPI
Real Capital Analytics tracks an...
Modest gains seen for senior housing
A pair of reports, one from CBRE and one from NIC Map Vision, show that the senior housing market has made modest improvements as it recovers from the sharp downturn in occupancy it experienced...
