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...
Rent Payment Tracker: payments up slightly from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.4 percent of apartment households made a full or partial rent payment by October 6 in its survey of 11.4 million units of professionally...
Pricing disconnect weighs on CRE investment activity
A new CBRE survey finds a wide disconnect on pricing expectations between buyers and sellers as a consequence of the COVID-19 pandemic that is weighing on commercial real estate investment activity. The CBRE survey found...
Invitation Homes announces $1 billion joint venture with Rockpoint Group
Invitation Homes Inc. announced that it has entered into an agreement with Rockpoint Group, L.L.C. to form a joint venture partnership that will acquire single-family homes to operate as rental residences. “In Rockpoint, we have...
Slow jobs recovery continues in August
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for August. It shows slightly stronger jobs growth than in July, but not as strong as in May...
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...
GSEs increase share of multifamily mortgage debt in Q2
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt outstanding shows that lending for mortgages on multifamily properties continued in Q2 2020. Total multifamily mortgage debt rose by 2 percent, or...
Update on student housing
RealPage recently presented their student housing fall market update. It reported that rent growth and occupancy numbers are below what has been seen in recent years but they are not as bad as some...
Multifamily property values continue to rise in August
A pair of recent reports, one from CoStar and another from Real Capital Analytics (RCA), show that multifamily property continues to see price increases despite the pandemic. Defining the indices The CoStar report focuses on a...
