Tuesday, April 23, 2024

Apartment watch

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

Rent Payment Tracker: Payments down slightly from last November

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 78.2 percent of apartment households made a full or partial rent payment by November 6 in its survey of 11.8 million units of professionally...
construction jobs

Multifamily jobs increase in October

The latest Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction jobs and apartment operations jobs saw gains for the month. Total employment growth meets expectations The BLS reported that employment...
commercial mortgage origination

Multifamily mortgage originations higher in Q3

A report from the Mortgage Bankers’ Association (MBA) says that there was a significant rise in the originations of multifamily mortgages in Q3 both on a quarter-over-quarter and on a year-over-year basis. Tracking multifamily mortgage...

NAA represents rental housing industry in Operation Allies Welcome Discussions

The National Apartment Association (NAA) was honored to represent the rental housing industry at a White House event highlighting Operation Allies Welcome, a nationwide effort to safely welcome Afghan allies and Afghans at risk. “The...

NAA and NMHC statement on the passage of the bipartisan Infrastructure Investment and Jobs...

The National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) applaud the passage of the Bipartisan Infrastructure Investment and Jobs Act. The nation’s apartment industry and our 40 million residents depend on robust,...
St Paul rent control

Rent control passes in Twin Cities

A pair of ballot measures either implementing rent control (St. Paul) or allowing it to be implemented (Minneapolis) were approved by voters in Tuesday’s elections. In both cases, 53 percent of voters voted in...

Thousands more skilled workers needed to meet demand

A lack of skilled construction labor is a key limiting factor for improving housing inventory and affordability, according to a new report by the Home Builders Institute (HBI). Additionally, the report cautions that the required number of...

Census reports falling vacancy rates

The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate was 5.8 percent in Q3 2021, down from a level of 6.2 percent in...

Torrid rent growth pace slows slightly in October

The latest rent report from Apartment List shows that rent growth is still at a high, if decelerating, pace. Nationally, rents were up 0.8 percent for the month and nearly 16 percent for the...
residential construction spending

Residential construction spending down slightly in September

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in September was up 19 percent year-over-year but fell 0.4 percent month-over-month. Passing the peak The reported value of...

Multifamily property price index continues to climb

The latest CoStar report on the change in prices of commercial property in the United States said that multifamily property prices rose 12.5 percent over the last 12 months, but multifamily is no longer...
president biden

Reconciliation framework includes $150 billion for housing

President Biden released a framework for a reconciliation bill that would implement his legislative priorities. No text for actual legislation was provided, so the framework is only the general outline of a plan at...
apartment market conditions

October apartment market conditions show strong improvement

Apartment market conditions showed continued improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for October 2021. The Market Tightness (82), Sales Volume (79), and Equity Financing (65) indexes came...
loan health

Trepp assesses CRE loan health

A new report from Trepp takes a look at the state of commercial real estate (CRE) lending in Q3 2021. While the report covers lending for all commercial property types, this article focuses on...

Yardi Matrix presents multifamily national outlook

Yardi Matrix recently held a webinar presenting its Fall 2021 multifamily outlook. The presentation included both a general outlook for the economy and a discussion of the future direction for the multifamily housing market....
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