Multifamily property prices rise in July
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in July, the first month-over-month increase since June 2022. However, this index fell 18.0 percent year-over-year.
The value-weighted index of non-multifamily...
HUD joins Justice Department in nationwide initiative to combat sexual harassment in housing
Today, as the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice recognizes the 50th Anniversary of the Fair Housing Act, Secretary Carson and Attorney General Jeff Sessions announced the...
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...
Single-family starts show gradual improvement in April
A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs, persistent labor...
Rent control hurts housing supply, new research finds
New research from the National Apartment Association (NAA) highlights the unintended and detrimental consequences of rent control. The research, conducted by NDP Analytics and commissioned by NAA, shows that a staggering 70 percent of...
Recession coming, but later
Fannie Mae’s January economic and housing forecasts predict a stronger finish for multifamily starts in 2022 and a higher number of multifamily starts in 2023 than did earlier forecasts. However, it also foresees a...
Multifamily completions predicted to slow beginning in 2026
Yardi Matrix revises its forecast of multifamily construction starts and completions as development activity slows, predicts new supply will bottom in 2026
Yardi Matrix released its revised Q4 2023 Multifamily Supply Forecast for...
Assisted living occupancy rebounds
NIC MAP Vision, a market analytics company for the senior housing industry, released a mid-quarter analysis showing that occupancy in the assisted living market segment is recovering more strongly from the pandemic-era downturn than...
HUD and DOJ launch public awareness campaign against sexual harassment in housing
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Justice (DOJ) today released a public service announcement (PSA) to raise awareness of housing-related sexual harassment and to reach persons...
Fannie Mae extends pilot rent reporting program
Fannie Mae has extended its Positive Rent Payment pilot program through December 2024. The program pays the first-year cost of having one of three data collection services gather information about on-time rent payments and...
Rent delinquencies continue to grow in January
The latest version of the Census Bureau’s Pulse Survey once again shows that an increasing portion of renters are falling behind on their rent payments.
Taking our pulse
The Pulse Survey is an experimental program that...
Rents continue upturn in February
The latest rent reports from Yardi Matrix and Apartment List show positive rent growth for the country as-a-whole in February.
Rents rise in February
Yardi Matrix reported that the national average apartment rent rose 0.2 percent...
Residential construction spending continues rise in December
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in December was up 1.1 percent from the revised level of the month before. Residential construction spending...
CoStar reports rising multifamily property values
CoStar recently released its quarterly report on the change in values of commercial property in the United States. It reported that multifamily property values rose nearly 12 percent over the last 12 months, leading...
Fed raises rate forecast for 2025
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for key economic metrics projected that interest rates after 2024 will...
