Sunday, April 28, 2024

Apartment watch

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

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...

Statement from NAHB Chairman Chuck Fowke on Supreme Court OSHA Vaccine Mandate Ruling

Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after the U.S. Supreme Court voted 6-3 to stay the Biden administration's enforcement of...

FHA expands real-estate owned property purchase opportunities for owner-occupant buyers

The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and...
student housing dorm room

Student housing regains its shine

Yardi Matrix released their latest quarterly report covering the purpose-built student housing market. It shows that preleasing performance for fall 2021 and early preleasing for 2022 are running ahead of their paces in the...
2022 multifamily outlook

Freddie looks ahead to 2022

Freddie Mac has released its 2022 Multifamily Outlook report. It predicts that 2022 will be another strong year for multifamily rental housing, both from an operational perspective and as an investment. Where we came from After...
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