Wednesday, March 27, 2024

Apartment watch

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

multifamily outlook

CBRE gives 2022 multifamily outlook

CBRE recently released its 2022 U.S. Real Estate Market Outlook report. It forecasts that 2022 will be a very good year for the multifamily housing business. Economy on path to normal CBRE expects that the post-pandemic...

NMHC & Grace Hill release data on COVID’s impact on renter preferences

The pandemic influenced 25 percent of renter moves over the past 18 months, and 70 percent of renters anticipate teleworking the same amount or more going forward, according to data from the National Multifamily Housing...
job openings

Job openings remain high in October

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for October. It reported that the number of job openings edged up to the second-highest level ever seen...
RPT 120821

Rent Payment Tracker: payments up 1.7 percent over last month

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.1 percent of apartment households made a full or partial rent payment by December 6 in its survey of 11.8 million units of professionally...

Biden plan to combat corruption includes new real estate rules

The White House’s new plan to combat corruption—both domestically and overseas—seeks to, among other things, add new regulations on the real estate industry. The United States’ Strategy on Countering Corruption, a 38-page document released Dec....

Suburban shift eases in the third quarter

The suburban shift for single-family home buying precipitated in large part by the onset of the COVID-19 pandemic last year continues but new data reveals that higher density markets are making a comeback as well. In contrast,...

Apartment rent and occupancy hit record highs

Apartment rent growth and occupancy set new records in November, yet another sign that the nation’s housing market isn’t following seasonal patterns this year. Rent growth and occupancy usually cool heading into winter. Apartment occupancy...

Multifamily jobs markets continue growth

The latest Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction jobs and apartment operations jobs again saw gains this month. Total employment growth disappoints The BLS reported that employment increased...
rent growth

Rent growth slows in November

The latest rent report from Apartment List shows only marginal rent growth month-over-month in November. Nationally, rents rose 0.1 percent for the month, although they were up 17.7 percent year-over-year. Rent increases The first chart, below,...
apartment market

CoStar reports multifamily property price rise slowing

A new report from CoStar says that multifamily property prices continued their recent rise in October, although the rate of price gains has moderated recently. CCRSI defined The CoStar report focuses on a relative measure of...
new residential construction

Residential construction spending reported down in October

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in October was down 0.5 percent from the revised level of the month before.  However, spending was...

Property owner sues East Orange, New Jersey, for stealing $80,000 in equity

An East Orange property owner filed a lawsuit challenging a state tax scheme that allowed the city to take her entire property for paying taxes late, or roughly $80,000 more than she owed. Lynette Johnson...

Statement from NAHB Chairman Chuck Fowke on Sen. Capito’s Clean Water Act Legislation

Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement on Sen. Shelley Moore Capito's (R-W.Va.) legislation to codify the 2020 Clean Water Act...

Move to double lumber tariffs is a gut punch to American home buyers, home...

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. Commerce moved forward with an administrative review to double the...
apartment price growth

Multifamily property prices rise at record rate

A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 16.8 percent year-over-year through October.  This is the highest rate ever seen in their data set, which goes back to...
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