Higher construction materials prices coming
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.1 percent month-over-month in February on a seasonally adjusted basis. The index of components and...
Rising credit card debt signals challenges ahead for multifamily
Increasing household debt and delinquencies signals challenges ahead for multifamily owners, operators, and renters. Rising credit card debt and high credit-card interest rates make it difficult for renters to make ends meet,...
Does daylight savings save?
When I was in California, I had a famous quote by Albert Einstein on a sign by my door: “Energy cannot be created or destroyed.”
And underneath it in wiggly handwriting I wrote “But it...
EPA to revise WOTUS rule
EPA, along with the U.S. Army Corps of Engineers, announced new guidance on what qualifies as “waters of the United States” (WOTUS) in light of the Supreme Court’s Sackett decision. The agencies also announced...
NAHB honors the best in multifamily and SFR
Since 1990, the National Association of Homebuilders (NAHB) has sponsored the Pillars of the Industry Awards to recognize excellence in apartment and condominium design and development and superior property management and marketing. The Pillars Awards have...
Sharp rise in real estate job openings as leasing season approaches
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in January was 7.74 million. Job openings in both construction and in...
Property manager jobs continue to increase
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the economy experienced modest overall employment growth in February. The employment levels for 2 of the 4 multifamily-related job categories we...
Supply has peaked, but deal flow remains muted
The multifamily investment outlook remains bullish, but the floodgates will not burst open with deal flow this year. That is the takeaway from the National Multifamily Housing Council’s (NMHC) annual conference, according...
A greenhouse gas reporting reprieve, or not
As of February 11, 2025, the SEC’s acting Chairman, Mark Uyeda, said that the Commission will pause litigation of its climate disclosure rule in the 8th Circuit. This effectively ends, for now at least,...
CoStar: multifamily property prices fall as transactions plunge
CoStar reported that its value-weighted index of multifamily property prices fell 0.8 percent month-over-month in January, a setback after four months of reported increases. This index was down 0.9 percent year-over-year.
By contrast, MSCI Real...
Multifamily CMBS delinquency rate declines
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in February. It had been trending higher since last April. The overall CMBS delinquency rate also dropped, falling 26 basis...
HUD terminates Obama’s AFFH, again
The U.S. Department of Housing and Urban Development has, for a second time, cancelled the 2015 Affirmatively Furthering Fair Housing (AFFH) rule, originally launched by the Obama administration and revived under Biden.
Shuttering AFFH returns...
Multifamily construction spending continues to fall in January
The Census Bureau’s report on construction spending said that multifamily construction spending in January was down 0.74 percent from the revised level of the month before. Spending on single-family residential construction was reported to...
MSCI: Multifamily property prices show positive trend
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were up 0.7 percent month-over-month in January from the revised level of the month before. However, prices were...
NAHB honors the multifamily housing industry’s top achievements at the 2025 IBS
The National Association of Home Builders (NAHB) has announced its annual Nationals Awards. These awards recognize outstanding achievements related to residential real estate sales, marketing, design, and industry excellence.
The award dinner/ceremony was held Tuesday,...
