Apartment watch

Multifamily housing starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will hold steady this year. Multifamily starts totaled...

Fannie Mae’s February economic forecast calls for a steady decline in inflation while both GDP growth and employment growth remain positive, if subdued. The housing forecast predicts that multifamily starts will be higher in...

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in January fell 0.4 percent from their level of the month before. Prices were down 7.9 percent from...

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...

Yardi Matrix reports strong student housing preleasing in its most recent Yardi Matrix National Student Housing Report. The off-campus student housing sector continues to post solid fundamentals, beating out last year’s preleasing rate...

Confidence in the market for new multifamily housing was in negative territory in the fourth quarter of 2023, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home...

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in January on a seasonally adjusted basis. The index of components...

The Census Bureau’s new residential construction report for January showed rising level of multifamily construction completions. However, both multifamily permits and starts were down sharply for the month. If this trend continues, it would...

According to a new study from New York-based listing service RentHop, single renters are faced with widely varying housing burdens dependent on the median rent and income in a given area. Of...

The Department of Energy (DOE) recently hosted a webcast on managing Scope 3 emissions in commercial real estate. The primary discussion was around trash and how they are engaging their tenants to encourage composting...

Expectations that mortgage rates will continue to moderate in the coming months, the prospect of future rate cuts by the Federal Reserve later this year, and a protracted lack of existing inventory helped provide...

Yardi Matrix reported that national average apartment rent was unchanged in January compared to the revised level of the month before at $1,710 per month. The national average year-over-year apartment asking rent growth was 0.5...

A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations in Q4 2023 were down 27 percent year-over-year despite rising 13 percent from their level in Q3. Originations of all commercial...

Trepp reported that the delinquency rate for multifamily commercial mortgage-backed security (CMBS) loans declined in January, falling 71 basis point. Trepp also reported that the multifamily CMBS special servicing rate declined, falling 83 basis...

Twenty percent ($929 billion) of the $4.7 trillion of outstanding commercial and multifamily mortgages held by lenders and investors will mature in 2024, a 28 percent increase from the $729 billion that matured in...