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...
Builder sentiment strong at year’s end
Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Builder sentiment in the market for newly built single-family homes moved one point higher...
Construction materials prices move higher
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2021. It showed that construction components and materials prices were up 1.6 percent in the month, seasonally adjusted. The index...
Commercial property loan delinquency rates decline
A pair of reports, one from Trepp and one from the Mortgage Bankers Association (MBA) indicate that delinquencies on loans on commercial property continue to decline from the elevated levels they reached early in...
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 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...
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...
