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...
Diminished future sales expectations, rising costs lower builder confidence
Ongoing lumber and building material supply side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even as buyer demand remains relatively solid. Builder confidence in the market...
Plywood again leads construction materials prices higher
The Bureau of Labor Statistics (BLS) released its producer price index report for February 2022. It stated that construction materials prices were up 1.2 percent in the month, seasonally adjusted. The index was 23.5...
Rents continue to climb in February
Yardi Matrix reports that rents moved sharply higher in February, despite it traditionally being one of the slower months for rent growth. Rents growth persists Yardi Matrix reported that the national average apartment rent rose $10...
NAHB calls for ending lumber tariffs, boosting production at White House event
The National Association of Home Builders (NAHB) urged the Biden administration to increase domestic production of timber from federal lands and to work with Canada on a new softwood lumber agreement that will eliminate...
Investor demand for real estate grows to new heights as U.S. heals from pandemic,...
Commercial real estate investment has bounced back from its COVID-19 nadir, with investor demand reaching new heights and capitalization rates declining across the real estate spectrum, according to a new CBRE survey. The CBRE survey...
Rent delinquencies up slightly in latest Pulse Survey
The “Week 42” edition of the Census Bureau’s Pulse Survey has been released. It shows that the portion of renters with rent delinquencies moved slightly higher since we last reported on this survey. What is...
Emergency Rental Assistance funds still flowing
A recent report by the U.S. Department of the Treasury states that, as of the end of January 2022, 69 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated...
Job openings top 11 million in January
The January Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings remained high for the month while hiring was flat. Overall jobs market...
Mixed multifamily jobs report for February
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the number residential construction jobs rose for the month, but apartment operations jobs fell. Total employment rises The BLS reported that employment increased...
Industry applauds introduction of Choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bi-partisan legislation that aims to increase private sector participation in the Section...
