Thursday, March 28, 2024

Apartment watch

Things to watch, what to know, in your apartment operation

residential construction spending

Residential construction spending continues rise in December

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in December was up 1.1 percent from the revised level of the month before. Residential construction spending...

Job openings remain high as hiring falls in December

The December Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings increased slightly for the month. Both hiring and separations fell, but...

Multifamily property prices rise at record rate

The latest CoStar report on the changes in the prices of commercial property in the United States said that the quarterly index of multifamily property prices rose 15.6 percent over the last 12 months....

January apartment market conditions show improvement

Apartment market conditions generally improved according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for January 2022. The Market Tightness (69), Sales Volume (59), and Equity Financing (67) indexes all...
rent-controlled properties ellis act

California seeks to bind landlords – Update

A new law working its way through the California legislature would make it more difficult for owners of rent-controlled properties in the state to remove those properties from the rental market. ***Update*** The bill's sponsor, Alex...
multifamily housing business

Prediction: 2022 will be a good year for multifamily housing

In its U.S. Multifamily Outlook for Winter 2022, Yardi Matrix forecasts that the fundamentals of the multifamily housing business will remain strong in 2022 as the wider economy continues its recovery. It’s the economy Yardi Matrix...

Fannie Mae raises multifamily starts forecast

Fannie Mae’s January economic and housing forecasts call for higher multifamily housing starts in 2022 and 2023 than in earlier forecasts. They also call for slightly lower GDP growth and slightly higher inflation in...
multifamily property prices

Multifamily property prices continue record rise

A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 23.6 percent year-over-year In December.  This is the fourth month in a row where the annual increase in the apartment...

Remodeler sentiment continues to improve year-over-year

The National Association of Home Builders (NAHB) released its NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 83, up four points from the fourth quarter of 2020. The finding is...
Governor hochul new york housing

Planning the future of New York housing

New York Governor Kathy Hochul’s State of the State report for 2020 identifies a number of goals and proposes several programs to improve access to housing in the state. The overarching goals defined in the...
multifamily housing construction

Multifamily housing construction activity: starts up, completions down

The Census Bureau’s new residential construction report for December showed mixed results for multifamily housing construction activity with higher starts but lower completions. Permits were affected by a one-time event and so their results...
CRE market

IRR assesses the state of the CRE market

Intergra Realty Resources (IRR) released its Viewpoint 2022 report on the CRE market. The report states that the economy has strong momentum going into 2022, but that the markets may not be adequately pricing...

Builder confidence edges lower on inflation concerns

Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-family homes moved one point lower to 83...

2022 Renter Preferences Survey Report reveals renters’ wants and needs

The 2022 Renter Preferences Survey Report released by NMHC and Grace Hill provides a comprehensive look at the home features and community amenities that renters can’t live without, how much they are willing to...
construction materials

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...
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