Student housing suffers supply/demand pressures
U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...
IRR reports multifamily cap rates rising
Intergra Realty Resources (IRR) released its 2023 Mid-Year Viewpoint Summary, an update to its annual Viewpoint report. Unlike the year-end report, the update does not discuss the state of the US economy but rather...
Employment rises despite lower job openings
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in January was 8.86 million. This was reported to be down 26,000...
Residential construction spending mixed in March
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.7 percent from February’s level despite a small drop in the multifamily category....
HUD, VA team up to help homeless veterans find permanent homes
In a continued effort to end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $43 million to 325 local public housing...
White House Opportunity and Revitalization Council introduces opportunityzones.gov
Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the...
Rents jump in March
The latest rent report from Apartment List shows positive rent growth for the country as-a-whole and for 48 of the top 50 metro areas.
Rents rebound strongly in March
Apartment List reported that the national average...
Fannie Mae raises multifamily starts forecast
Fannie Mae’s January economic and housing forecasts call for higher multifamily housing starts in 2022 and 2023 than in earlier forecasts. They also call for slightly lower GDP growth and slightly higher inflation in...
Multifamily construction spending continues slow rise
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in April was up 0.6 percent month-over-month. Spending on single-family continued to fall while spending on...
Lower mortgage rates push housing affordability to highest level in three years
With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the National Association of...
Tax Day: Hoteliers call for more transparency and oversight in taxing Airbnb
The American Hotel and Lodging Association (AHLA) called on state and local government leaders on National Tax Day, to start taxing Airbnb and other short-term rental sites with the same oversight and transparency as...
RealPage to be acquired by Thoma Bravo
RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, announced it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity...
Builder confidence rises in new year
The National Association of Home Builders (NAHB) reported that mortgage rates well under 7% over the past month have led to a sharp increase in builder confidence to begin the new year.
Builder confidence in...
BLS releases 10-year employment growth projections
The Bureau of Labor Statistics (BLS) recently released its projections for employment growth in the period from 2021 to 2031. The projections encompass growth in the labor force as-a-whole as well as in many...
Rents continue slide in November
The latest rent report from Apartment List shows that the national average rent growth in November remained negative for the third consecutive month. Rents fell 1.0 percent month-over-month. Year-over-year rent growth remained positive, with...
