Multifamily property prices rise at near-record pace
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 23.0 percent year-over-year in April and that they rose 1.3 percent from the month before. The annual rate of increase is...
California seeks to bind landlords – Update
A new law working its way through the California legislature would make it more difficult for owners of rent-controlled properties in the state to remove those properties from the rental market.
***Update***
The bill's sponsor, Alex...
SFR rent growth rate continues slow decline
CoreLogic reported that their single-family rent index (SFRI) for October rose 2.5 percent from its year-earlier level. This is down from the 2.6 percent year-over-year rent growth reported last month. October marks 18 months...
Multifamily housing permits surge in January
The Census Bureau released its monthly new residential construction report for January 2021. It shows a rise in permits and starts of multifamily housing units but a drop in unit completions.
Multifamily housing construction permits...
Housing industry warns Biden on affordability
More than 10,000 members of the National Association of Home Builders (NAHB) sent a letter to President Biden calling on the White House to take immediate action as the growing housing affordability crisis is...
Jobs coming back, but slowly
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for June. It shows that the jobs market is continuing to recover from the COVID-19 induced shutdowns, but...
Will COVID send growth to the suburbs?
A report from Marcus and Millichap focuses on the question of whether future growth will be concentrated around central business districts (CBDs) or whether it will move to the suburbs. It considers both factors...
Job openings rebound in July
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings rose in July from last month’s level. This is on top of...
January apartment market conditions show improvement
Apartment market conditions generally improved according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for January 2022. The Market Tightness (69), Sales Volume (59), and Equity Financing (67) indexes all...
Residential construction rebounds
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in June was up 1.5 percent month-over-month. Spending on single-family residential construction rose 2.1 percent while...
Understanding Gen Z
A new survey from Freddie Mac examines the attitudes of Gen Z about money, renting and home ownership. The survey questioned 1739 people aged from 14 through 25, 72 percent of whom are still living...
Builder sentiment unchanged in April
Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024.
Builder confidence in...
Industry responds to the Suspension of COVID relief negotiations
Multifamily industry associations issued the following statements after President Trump announced that coronavirus stimulus talks would be put off until after the November election:
Statement from NMHC President Doug Bibby:
The breakdown of negotiations this afternoon about the...
Gender and generational differences drive increased late bill payment and debt collection activity
In celebration of Financial Literacy Month, the National Foundation for Credit Counseling (NFCC) has released its 11th annual Consumer Financial Literacy Survey. This year’s survey, conducted online by Harris Poll in March 2018 among...
Multifamily fundamentals are strong in 2024, despite uncertainties
The 2024 apartment market forecasts are in and despite twists, turns and uncertainties, multifamily fundamentals are strong.
In December, the Apartment List Research Team released its Seven Predictions for the 2024 Rental...
