Friday, March 29, 2024

Apartment watch

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

apartment price growth

Multifamily property prices continue sharp rise in January

A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 22.5 percent year-over-year in January and that they rose 1.9 percent from the month before. Defining CPPI Real Capital Analytics tracks an...
slow economy

Fannie Mae forecasts a slowing economy

Fannie Mae’s latest economic forecast calls for lower GDP growth and higher inflation in 2022 than in earlier forecasts. Their new housing forecast predicts multifamily housing starts to be higher in 2022 but lower...

The all-new HUD.gov

HUD Public Affairs launch their newly redesigned website, HUD.gov. The site has been extensively redesigned with the goal of improving the site's usability. Changes were made to the site's menus to improve the ease...

NMHC and NAA support Senate Banking Committee’s approval of Mark Calabria to be Director...

Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the approval by the Senate Committee on Banking, Housing, and Urban Affairs of Mark Calabria’s nomination to be the next...

Class B rents soften, drive renter flight to quality

The recent flood of new multifamily deliveries is softening Class B rents in submarkets with high supply more than any other asset class, driving a renter flight-to-quality, according to data from RealPage....
multifamily housing so Calif

How COVID is impacting the multifamily business in California

IMN recently put on a webinar discussing the impact of the pandemic on the business of providing multifamily housing in California. The webinar set a very ambitious number of topics to be discussed, especially...
apartment market

ULI talks housing

The Urban Land Institute (ULI) recently held their Virtual Fall Meeting. One of the many sessions presented there discussed the state of, and the prospects for, the housing industry. The presentation took the form...

Investor demand for real estate grows to new heights as U.S. heals from pandemic,...

Commercial real estate investment has bounced back from its COVID-19 nadir, with investor demand reaching new heights and capitalization rates declining across the real estate spectrum, according to a new CBRE survey. The CBRE survey...

January NMHC Quarterly Survey shows little overall change

Apartment market conditions were mixed in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for January. The Market Tightness (46) and Equity Financing (50) indexes showed little change in those conditions...
job openings

September job openings reported higher

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in September was 9.55 million. This was reported to be up 55,000...
New York leads in operating expenses

Insurance costs lead operating expenses higher

A new report from Yardi Matrix documents the rapid rise in operating expenses for multifamily properties over the past year and identifies the factors driving this rise. The broad view Nationally, Yardi Matrix found that average...

Apartment industry statement on the Emergency Housing Protections and Relief Act of 2020

The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) thank members of Congress for their continued focus on supporting apartment residents and the multifamily industry as we continue to confront unprecedented...

NMHC Rent Payment Tracker finds 91.3 percent of apartment households paid rent as of...

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 91.3 percent of apartment households made a full or partial rent payment by July 20 in its survey of 11.1 million units of professionally...

CDC extends eviction moratorium

Dr. Rochelle Walensky, the Director of the Centers for Disease Control (CDC), has extended the agency’s eviction moratorium until July 31, 2021. The agency says that this extension is intended to be the last. The...

New NMHC construction survey finds record impact on availability of construction labor

A record 93 percent of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the eighth edition of the National Multifamily Housing Council (NMHC) Construction Survey. Of this group, 83...
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