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....
Low inventory leads to solid gains in new home sales
Fueled by strong demand, low existing inventory and buyers' anticipation of future higher mortgage rates, new home sales posted a solid gain last month. Sales of newly built, single-family homes in September rose 14 percent to an...
Industry responds to slow pace of emergency rental assistance
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement on the disappointing news that less than a quarter of emergency rental assistance aid has been distributed to residents...
Multifamily property prices rise on record sales volume
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 16.3 percent in the year through September. However, unlike in recent reports, apartments were overtaken by both office and industrial properties...
Rent delinquencies continue slow rise
The “week 39” release of the Census Bureau’s Pulse Survey shows that the portion of residents with rent delinquencies is up slightly since we last reported on this survey. For comparison, the NMHC rent...
Action on supply chain bottlenecks needed to boost housing affordability
The National Association of Home Builders (NAHB) called on Congress and the Biden administration to help ease building material supply chain bottlenecks that are harming housing affordability by removing trade barriers and seeking solutions to port congestion...
Multifamily housing construction activity slows
The Census Bureau’s new residential construction report for September showed lower multifamily housing construction activity than in recent months. Multifamily housing permits issuance declines The number of permits issued for buildings with 5 or more units...
Multifamily housing starts up in Fannie Mae forecast
Compared with earlier forecasts, Fannie Mae’s October economic and housing forecasts call for higher multifamily housing starts over the next 6 months while also anticipating lower GDP growth and higher inflation. Housing: less single-family, more...
Construction materials price rises pause in September
The Bureau of Labor Statistics (BLS) released its producer price index (PPI) report for September 2021. It showed that construction components and materials prices were down 0.2 percent in the month, seasonally adjusted. However,...
Rents move higher in September
The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in September. Rents up across the board Yardi Matrix reported that the national average apartment rent rose...
Job openings remain elevated in August
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for August. It reported that the number of job openings fell slightly but remained at a high level. Evaluating...
Multifamily jobs markets see gains in September
The latest Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction jobs and apartment operations jobs were up for the month. Total employment grows slowly for the month The BLS reported...
Rent Payment Tracker: October payments down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 78.4 percent of apartment households made a full or partial rent payment by October 6 in its survey of 11.8 million units of professionally...
NAA analysis finds U.S. households spend 27 percent of income on rent
The National Apartment Association (NAA) has released new research analyzing rent-to-income percentages, which are based on professionally managed residential lease applications screened by TransUnion’s ResidentScreening platform. As the nation continues to grapple with housing...
Pillars Awards application window closes soon
Since 1990, the National Association of Homebuilders (NAHB) has sponsored the Pillars of the Industry Awards to recognize excellence in apartment and condominium design and development, interior merchandising and superior property management and marketing....
