Apartment watch

The Census Bureau’s new residential construction report for April showed continued high levels of multifamily housing construction permit issuance and unit starts, but unit completions declined, resulting in another increase in the number of...

A recent report from Yardi Matrix examined the price appreciation seen over the last decade for multifamily properties which were resold frequently. These tended to be Class B and Class C properties targeted for...

A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgages originations in Q1 were up sharply on a year-over-year basis. Tracking multifamily mortgage originations The first chart, below, shows the quarterly origination volume indices...

The Bureau of Labor Statistics (BLS) released its producer price index report for April 2022. It stated that construction materials prices were up 0.8 percent in the month, seasonally adjusted. The index was 21.2...

Yardi Matrix reported that the national average apartment rent rose $15 in April to $1,659 per month as rent growth declined slightly. Rents growth rate still high but declining The national average apartment rent was up...

CBRE reported that record high apartment absorption over the last 4 quarters set the basis for very strong measures of performance for the multifamily property market. Comparing universes CBRE gathers its data from 69 markets that...

The Urban Land Institute (ULI) recently released its biannual economic forecast for spring 2022. It generally has a more positive outlook for the economy and for the multifamily housing industry than did their last...

The latest Employment Situation Report from the Bureau of Labor Statistics stated that the numbers of residential construction jobs and of apartment operations jobs both rose for the month, but not all multifamily jobs...

The latest CoStar report on the changes in the prices of commercial property in the United States said that the equal-weighted quarterly index of multifamily property prices rose 13.3 percent over the last 12...

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings hit a new record high at the end of March. Hiring was...

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.0 percent from the revised level of the month before. Residential construction spending...

The latest rent report from Apartment List shows that the national average rent growth in April reached 1.0 percent month-over-month and 16.4 percent year-over-year. The history of rent growth The last two years have been extraordinary...

U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...

Marcus & Millichap recently presented a webinar on its 2022 Outlook, which examined how the economy, inflation and Federal Reserve policy are impacting the commercial real estate market. Presenters were Hessam Nadji, President and...

Apartment markets tightened further according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2022, while financing became more costly. The Market Tightness (60) index was the only index...