Apartment watch

Fannie Mae’s July housing forecast calls for higher levels of multifamily housing starts in 2024 and 2025 than in their two most recent past forecasts. Single-family housing starts are expected to pull back slightly through...

Apartment market conditions came in mixed in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for July 2024. While the Debt Financing (63) and Sales Volume (57) indexes indicated more...

Increasing apartment supply is slowing new lease-up velocity, said Madera Residential head of investment strategy and research Jay Parsons. Leasing velocity for newly built apartments is at its slowest pace in recent...

Plato once stated, “Silence is Consent.” Currently the Environmental Protection Agency (EPA) is updating their criteria for Rev. 05 of the ENERGY STAR Multifamily New Construction Program (MFNC). You can review the list of changes...

The Census Bureau’s new residential construction report for June stated that multifamily permits, starts, and completions were all up from May’s depressed levels. In addition, revisions to May’s multifamily housing construction data were all...

Mortgage rates that averaged 6.92% in June per Freddie Mac, along with elevated rates for construction and development loans, continue to put a damper on builder confidence. Builder confidence in the market for newly built...

In President Biden’s press conference on July 11, he mentioned his plan to impose rent control with a 5 percent rent increase cap on corporate landlords as part of his second term agenda if...

The Federal Housing Finance Agency (FHFA) has announced tenant protections that will be imposed on all multifamily properties with financing from the Government Sponsored Entities (GSE’s), Fannie Mae and Freddie Mac. The protections will...

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.1 percent month-over-month in June on a seasonally adjusted basis. In addition, the change...

I have the song “Feeling Hot Hot Hot” by the calypso band The Merrymen going through my brain. Summer is in full swing and temperatures are in the stupid hot range. It really makes...

Surging demand in Q2 2024 helps stabilize occupancy and rent growth and narrow the gap between supply and demand, according to RealPage Market Analytics. RealPage market analyst Carl Whittaker thinks this is...

Since 1990, the National Association of Homebuilders (NAHB) has sponsored the Pillars of the Industry Awards to recognize excellence in apartment and condominium design and development, interior merchandising and superior property management and marketing. The Pillars...

Fannie Mae’s National Housing Survey revealed that 80 percent of renters believe that this is a bad time to buy a home. This is in line with the beliefs of other consumers. Long term look The...

Yardi Matrix reported that national average apartment asking rent was up $4 in June compared to the revised level of the month before at $1,739 per month. The national average year-over-year apartment asking rent...

Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher in June, rising 66 basis points. While the multifamily CBMS delinquency rate is still well below the rates for...