Rents jump in April
The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in April.
Rents up strongly
Yardi Matrix reported that the national average apartment rent rose $10 in...
Forecasts say higher inflation is coming
A pair of forecasts, one from Fannie Mae and one from the Federal Reserve anticipate that a period of significantly higher inflation than had been predicted in earlier forecasts may be on the way.
Fannie...
Real estate industry strongly opposes the CDC imposing a new federal eviction moratorium
A broad real estate coalition strongly opposes the Centers for Disease Control (CDC) decision to reimpose a federal eviction moratorium. This move takes place despite the fact that the Administration itself noted it lacks...
ULI Foundation announces $1 million gift to launch effort to decarbonize cities
The Urban Land Institute (ULI), a global research and education organization focused on shaping the future of the built environment for transformative impact in communities worldwide, has received a major gift that will support...
What drives rent growth?
A new report from Yardi Matrix seeks to answer this question and to examine how the factors driving rent growth have changed since the onset of the COVID pandemic.
Identifying the factors
The report looked at...
Job openings down again in June
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in June from last month’s level. This was the third month...
CoStar: multifamily property price rises moderating
CoStar reported that its value-weighted index of multifamily property prices increased 14.5 percent, year-over-year, in September 2022. However, this index was down 0.2 percent month-over-month, the third monthly decline in a row.
The value-weighted index...
Garden apartments lead rent growth
Rents in low-rise garden apartments continue to rise faster than pricing in taller residential structures. Garden apartments, defined as properties of one to three stories, register 3.1 percent rent growth for 2017, versus 1.4...
HUD commemorates Fair Housing month and 50 years of the Fair Housing Act
Nearly 50 years ago, President Lyndon Johnson signed the Civil Rights Act of 1968 and fair housing became law. In signing the landmark measure, President Johnson declared, “Now, with this bill, the voice of...
Exploring the energy-water nexus
I am normally not a Dane Cook fan. As far as comedians go, I am more of a George Carlin and Doug Stanhope fan. Stanhope’s “Kick How You Kick” piece basically gave me permission...
Multifamily developer confidence in positive territory for second quarter
Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders...
Multifamily construction spending rises in December
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in December was up 3.2 percent month-over-month. Spending on single-family fell for the 8th month in...
Fannie Mae forecasts higher near-term growth
Fannie Mae recently issued its May forecasts for the economy and for housing. They show slightly higher growth in 2021 and much higher multifamily housing starts than did the February forecast.
GDP forecast higher for...
Job openings remain at high level in May
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for May. Although last month’s report set a series record for the highest number of job opening, job...
CDC eviction moratorium back at Supreme Court – overturned
Update: On August 26, the Supreme Court lifted the stay on Judge Friedrich's order, meaning that the CDC's eviction moratorium may no longer be imposed nationwide. The vote was 6-3 with Justices Breyer, Sotomayor...
