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...
Single-family drives residential construction spending higher
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in February was up 1.1 percent from the revised level of the month before. Residential construction spending...
Multifamily employment grows in March
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the number of residential construction jobs and of apartment operations jobs both rose for the month. Total employment grows The BLS reported that...
New Construction Quarterly Survey highlights longer delays and rising costs
The new NMHC Construction Quarterly Survey found that a majority (89 percent) of respondents reported experiencing construction delays, and, of those experiencing overall delays, 85 percent reported delays in both starts and permitting. Since almost...
Seniors housing sector rebounds as investor interest grows
Backed by strong long-term demand and increased investor interest, the seniors housing sector is now fully in recovery mode, according to JLL’s Valuation Advisory group’s fifth annual Seniors Housing Investor Survey and Outlook. The...
CoStar reports multifamily property prices still rising
A new report from CoStar says that the rate of growth in multifamily property prices declined in February while the prices of other commercial property actually fell month-over-month. CCRSI defined The CoStar report focuses on a...
Annual rate of rent growth remains high in March
The latest rent report from Apartment List shows that the national average rent growth in March was 0.8 percent month-over-month and 17.1 percent year-over-year. The monthly rate is up slightly but the annual rate...
Job openings remain high in February
The February Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings and separations were nearly unchanged for the month while hires were...
Multifamily property prices rise at record rate in February
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 23.2 percent year-over-year in February and that they rose 1.7 percent from the month before. The annual rate of increase...
Banks raise their share of multifamily mortgage debt in Q4
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt shows that banks and thrifts had the largest net increase in multifamily mortgage holdings in Q4 2021. However, the GSEs continued to...
SEC to mandate climate risk disclosure
On March 21, the SEC posted a proposed rule which would mandate that public companies include climate risk disclosure information in their standard filings. The proposed rule is 510 pages long. The rule’s disclosure...
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...
Multifamily housing completions continue to fall
The Census Bureau’s new residential construction report for February showed high levels of multifamily permit issuance and rising unit starts but falling multifamily unit completions. Multifamily housing permits high, but trending lower The number of permits...
Multifamily production at a two-year high as single-family starts remain firm
Despite production bottlenecks and rising construction costs, total housing starts led by a strong multifamily reading posted a solid gain in February as demand stays strong and existing inventory remains at low levels. Overall housing starts...
CoreLogic reports record SFR rent growth
CoreLogic reported that the year-over-year rent growth for single-family rentals (SFRs) in January was 12.6 percent. This is the highest rate they have seen in the 17 years that they have been collecting this...
