Rent growth turns positive in August
Apartment List is out with their rent report for August 2020. It shows a slight uptick in rents nationally but with wide local variations.
The big picture
A summary of Apartment List’s data on rent changes...
Fannie Mae lowers near-term GDP growth forecast
Fannie Mae’s July economic and housing forecast projects a flattening of the GDP growth curve in 2021, with lower growth in Q2 but higher growth in Q3 and Q4 than projected in earlier forecasts....
Fewer parking space requirements, lower rents
New research suggests reductions in parking space requirements for apartment projects can lower development costs and rents and lessen environmental impacts.
Parking regulations are a central zoning component of apartment development in the U.S. But,...
2023 Builders’ Show draws largest attendance in more than 10 years
Nearly 70,000 home building professionals from around the globe filled the exhibit halls of the Las Vegas Convention Center as the National Association of Home Builders (NAHB) hosted the NAHB International Builders’ Show (IBS),...
Weak report on construction employment in September
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs was higher in September than reported the month before but employment in residential construction jobs was...
Multifamily mortgage originations plunge in Q4
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q4 were down 52 percent on a year-over-year basis. Originations of all commercial mortgages as a single asset class...
Fannie Mae forecasts higher near-term growth
Fannie Mae issued its February forecasts for the economy and for housing. They predict slightly higher growth in 2021 but slightly lower growth in 2022.
GDP growth shifts
Compared to the last time we checked in...
Risk levels of rental applicants improving, but property managers still face challenges
Risk levels of renters continued to improve at the beginning of 2018, especially in cities where jobs are strong and rental prices remain affordable. These findings from TransUnion (NYSE: TRU) Rental Screening Solutions were...
Inflation drives interest rates higher
Forecasts from Fannie Mae and from the Federal Reserve foresee continued high inflation and rising interest rates.
Fannie Mae issues a monthly forecast for the economy and for housing production. The forecast provides both quarterly...
RCLCO talks single family rentals
RCLCO discussed single family rentals (SFR) and build for rental (BFR) properties in conjunction with their monthly round-up webinar. The presentation was a good introduction to the reasons this market has been drawing a...
Apartment List reports on apartment vacancy rates
In its inaugural report on apartment vacancy rates, Apartment List states that the national average rate rose to 4.95 percent in May. This is up 0.6 percent from the year-earlier value and up 0.9 percent...
Multifamily housing construction looking strong heading into summer
The Census Bureau’s new residential construction report for June showed multifamily permits and starts both recovering from last month’s declines. Unit completions fell during the month but were up compared to 2019.
Multifamily housing permit...
Multifamily property price gains accelerate in May
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 10.1 percent in the year to May as part of a general rise in commercial real estate prices. This represented the...
NMHC, NAA support the introduction of choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bipartisan legislation that aims to increase private sector participation in the Section...
Single-family production continues to sag, multifamily permits weakening
Single-family housing starts continued to fall in November, with the pace of construction down 32 percent since February when mortgage rates began to rise. The housing market continues to weaken because stubbornly high construction...
