Saturday, April 27, 2024

Apartment watch

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

Multifamily jobs markets mixed in May

The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing had a mixed performance in May. Total employment growth picks up The...

Fewer pay rent by June 6 than did last year

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.0 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.7 million units of professionally...

Court keeps CDC eviction moratorium in place

On June 2, a ruling by a three judge panel of the U.S. Court of Appeals for the D.C. Circuit effectively kept the Centers for Disease Control’s (CDC) nationwide eviction moratorium in place despite...

CoStar reports rising multifamily property prices

A recent report from CoStar indicates that multifamily property prices are maintaining steady growth on a year-over-year basis. Defining the indices The CoStar report focuses on a relative measure of property prices called the CoStar Commercial...
residential construction spending

Residential construction spending rises in April

The Census Bureau’s report on construction spending shows that spending on residential construction put in place in April was up 1.0 percent from the revised level for March. Overall construction spending was up 0.2...
rent growth

Rent growth surges in May

The latest rent report from Apartment List shows strongly positive rent growth for the country as-a-whole. In addition, rents were up for the month in all of the 50 largest metro areas. Rents surge higher...

Commerce Secretary pledges full support of Biden administration to resolve lumber issue

Commerce Secretary Gina Raimondo today during a meeting with the National Association of Home Builders' (NAHB) senior officer team acknowledged the depth of the lumber price crisis and its effects on the residential construction industry, home buyers...
apartment prices increase

Multifamily property prices rise in April

A report from Real Capital Analytics (RCA) said that multifamily property prices rose in the year to April as part of a general rise in commercial real estate prices. Defining the index Real Capital Analytics reports...
renewable energy for net-zero buildings

Five technologies that will enable net-zero for buildings

With the Biden administration setting aggressive goals for reducing greenhouse gas emissions, building owners and operators should expect increasing emphasis on energy efficiency in the years ahead. Energy efficient buildings were the focus of a...

Fannie Mae forecasts higher near-term growth

Fannie Mae recently issued its May forecasts for the economy and for housing. They show slightly higher growth in 2021 and much higher multifamily housing starts than did the February forecast. GDP forecast higher for...

Industry association calls for cuts on lumber tariffs

Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement following the U.S. Commerce Department's desire to double lumber tariffs on Canadian lumber shipments...

ULI economic forecast sees improvement

The Urban Land Institute (ULI) recently released its biannual economic forecast. It has a more positive outlook for the economy and for the multifamily housing industry than did their last forecast of 6 months...
rent past due

Rent delinquencies continue to fall in May Pulse survey

The week 29 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are current on their rent payments is up since we last reported on the survey results. What is...

Multifamily construction sentiment improves in first quarter of 2021

Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces...

Investor home purchases rise for first time in a year as U.S. economy bounces...

U.S. home purchases by investors rose 2.7 percent year over year in the first quarter, marking the first period of growth since the coronavirus pandemic began, according to a new report from Redfin, the...
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