NMHC multifamily construction survey indicates persisting construction delays
More than half (57 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the fifth edition of the National Multifamily Housing Council (NMHC) Construction Survey. Of this group,...
Multifamily property values continue to rise
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continue to rise in September despite the pandemic. Defining the indices The CoStar report focuses on a relative measure of multifamily...
Multifamily mortgage market stabilizing
A pair of reports, one from the Mortgage Banker’s Association (MBA) and one from Trepp, indicate that the multifamily mortgage market is beginning to recover from the COVID-19 related shutdowns. Multifamily mortgage lending resumes growth The...
23 Million residents on the move
Remote working may be here to stay leading millions of residents to relocate. Many large U.S. businesses have made their work at home policy permanent. Others have extended their remote work policies through 2021. It’s...
Don’t just wait for the storm to pass. Learn to dance in the rain.
The COVID-19 pandemic continues to disrupt public health and economic activities across the globe. While the full impact remains to be seen, commercial real estate professionals are best prepared for continued challenge. In the commercial...
Assessing the state of the CRE market
DLA Piper, a global business law firm, recently released its annual State of the Market Survey, assessing the commercial property market. The survey was conducted among commercial real estate (CRE) executives in August and...
ULI talks housing
The Urban Land Institute (ULI) recently held their Virtual Fall Meeting. One of the many sessions presented there discussed the state of, and the prospects for, the housing industry. The presentation took the form...
Landlords sue CDC over illegal eviction ban
In a lawsuit filed on Friday, October 23, landlords are challenging the nationwide ban on evictions imposed by the Centers for Disease Control and Prevention. The landlords say that the CDC’s ban violates the...
October apartment market conditions showed some rebound from COVID-19 impacts
Apartment market conditions moderated in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for October 2020, as the industry continues to cope with the ongoing COVID-19 pandemic. While the Sales Volume...
Rent Payment Tracker: rent payments flat from September
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.6 percent of apartment households made a full or partial rent payment by October 20 in its survey of 11.4 million units of professionally...
NMHC releases 2020 National Multifamily Industry Compensation Survey
The NMHC 2020 National Multifamily Industry Compensation Survey report is now available for purchase. As the premier source for market-level apartment industry compensation data, the 2020 Survey addresses current market practices in compensation program...
No rent growth in September
Yardi Matrix released its September 2020 report on the multifamily rental housing market. The report shows a wide variation in rent growth results for different metro areas but flat rents for the country as...
A mixed report for multifamily housing construction
The Census Bureau released its monthly new residential construction report for September 2020. It shows weakness for permits and starts but a surge in completions of multifamily housing units. Permits rebound mildly The number of permits...
Lumber price surge drives construction material prices higher
The Bureau of Labor Statistics (BLS) released its producer price index report for September 2020. It showed that the BLS price index of materials and components for construction was up 2.1 percent from August,...
Rent Payment Tracker: payments down from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.8 percent of apartment households made a full or partial rent payment by October 13 in its survey of 11.5 million units of professionally...