Multifamily housing construction slows in August
The Census Bureau released its monthly new residential construction report for August 2020. It shows a slowdown in all phases of multifamily housing construction. Permits fall The number of permits issued for buildings with 5 or...
COVID’s impact on multifamily CRE loan credit risk
A report from Moody’s Analytics attempts to predict the impact of the fallout from the COVID-19 pandemic on the credit quality of commercial real estate (CRE) loan portfolios backed by multifamily and other property...
Alternative views on rent payments
With COVID disrupting the economy, there is high interest in assessing how many renters are failing to make their rent payments. This article examines alternatives to the NMHC rent tracker. Focus on the big guys The...
Rent Payment Tracker: rents trending down
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.2 percent of apartment households made a full or partial rent payment by September 13 in its survey of 11.4 million units of professionally...
Taking sides on Prop 21
The latest rent control initiative to appear on California’s ballot will be voted on this November. People and groups are now declaring where they stand on Proposition 21. Recapping the basics Prop 21 would allow rent...
Jobs coming back, but slowly
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for July. It shows that the jobs market is continuing to recover from the COVID-19 induced shutdowns, but...
Lumber drives construction material prices higher again
The Bureau of Labor Statistics (BLS) released its producer price index report for August 2020. It showed that the BLS price index of materials and components for construction was up 0.9 percent from July,...
Sponsored: How to engage with today’s multifamily renters
When a potential renter walks through your doors, are you positioned to understand their specific needs? In a recent Assurant study, we’ve outlined five specific renter types and their psychographic data so you can...
Rent growth barely positive in August
Yardi Matrix released its August 2020 report on the multifamily rental housing market. The report shows that rent growth was positive for the second month in a row and that secondary markets are doing...
Rent payment tracker: payments down
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.4 percent of apartment households made a full or partial rent payment by September 6 in its survey of 11.4 million units of professionally...
Payroll tax holiday begins Sept. 1
At the beginning of August, President Trump issued an executive order deferring certain payroll tax obligations. This was done in response to Congress refusing to include any type of payroll tax cut in its...
New housing laws coming to California
The 2020 legislative session in California saw the consideration of at least 9 significant bills intended to address the state’s housing deficit. When the session ended at midnight on August 31, only two of...
Multifamily property values outperform since COVID
A pair of recent reports, one from CoStar and another from Real Capital Analytics (RCA), track the changes in values of commercial property in the United States. This article looks at the parts of...
Industry associations respond to CDC’s Rental Eviction Moratorium
The Centers for Disease Control and Prevention implemented a temporary eviction moratorium through the end of the year, protecting U.S. renters from losing their homes during the COVID-19 pandemic, the Trump administration announced September...
A suburban shift for home building
Evidence of a suburban shift for consumer home buying preferences as a result of the COVID-19 pandemic can be found in the second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI). "The increasing demand...
