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 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 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...
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...
Seasonality returns to rent growth
The latest rent report from Apartment List shows that the national average rent fell slightly in December, the only month-over-month rent decline in 2021. Nationally, rents fell 0.2 percent for the month while they...
Multifamily jobs decline in December
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the numbers of both residential construction jobs and apartment operations jobs were down in December. Total employment growth disappoints The BLS reported that...
Rent delinquencies unchanged in latest Pulse Survey
The “Week 40” edition of the Census Bureau’s Pulse Survey has been released. It shows that the portion of renters with rent delinquencies is nearly unchanged since we last reported on this survey. What is...
Commercial property prices hit new high
New reports from CoStar and from Real Capital Analytics (RCA) state that commercial real estate prices reached an all-time high in November, with multifamily property prices showing strong year-over-year gains. Indexes defined The CoStar report focuses...
Job openings remain high in November as quits rise
The November Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings dropped slightly while remaining at a high level. Hiring and job...
Residential construction spending rises in November
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in November was up 0.9 percent from the revised level of the month before. Residential construction spending...
Yardi Matrix reports rents are still rising
The latest rent report from Yardi Matrix shows that rents are continuing to rise even during the time of year when they are usually moderating. However, the pace of rent increases in November was...
Economic forecasts show rising inflation concerns
A pair of economic forecasts, one from Fannie Mae and one from the Federal Reserve predict higher inflation ahead and higher interest rates as a result. Fannie Mae issues a monthly forecast for the economy...
Multifamily housing construction activity higher in November
The Census Bureau’s new residential construction report for November showed higher multifamily housing construction activity than in recent months in all three measures that we track. Multifamily housing permits edge higher The number of permits issued...