Slowdown ahead for multifamily housing construction?
The Census Bureau released its monthly new residential construction report for October 2020. It shows continuing weakness for multifamily housing construction permits and starts but a high pace for completions of multifamily housing units.
Multifamily...
Looking ahead to 2021
Both CBRE and Yardi Martix have recently issued reports which discussed the prospects for the multifamily housing market in 2021. This article describes some of the key take-aways from those reports.
The long view
Both reports...
Construction materials prices up despite lumber price drop
The Bureau of Labor Statistics (BLS) released its producer price index report for October 2020. It showed that the BLS index of construction materials prices was up 0.2 percent from September, seasonally adjusted. It...
Multifamily outlook update for Fall 2020
Yardi Matrix recently presented their Fall 2020 Multifamily National Outlook webinar. It was a wide-ranging discussion of economic, medical, and cultural trends affecting multifamily housing. Jeff Adler, Vice President of Yardi Matrix was the...
NAA names 2020 Best Places to Work award winners
The National Apartment Association (NAA) has announced the winners of the 2020 NAA Best Places to Work award program, which identifies member organizations that encourage employee engagement and performance and foster collaborative and innovative...
Seniors housing sector begins to overcome COVID-19 challenges, CBRE survey finds
While senior housing will continue to be impacted over the near term as a result of the COVID-19 pandemic, investors believe the sector has turned the corner from 2020’s significant challenges, according to the...
Jobs coming back – slowly
Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for October and the Job Openings and Labor Turnover (JOLT) report for September....
No rent growth in October
A pair of reports, one from Yardi Matrix and one from Apartment List, track changes in rents charged across the country. One report shows rents remaining flat while the other shows rents declining for...
Rent Payment Tracker: payments down from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.4 percent of apartment households made a full or partial rent payment by November 6 in its survey of 11.5 million units of professionally...
Rough times in NYC
Thousands of New York City apartment residents are not caught up on their rent. That hasn’t stopped building operations costs from coming due, even rising. The combination of rising costs and falling incomes is...
California voters reject rent control – again
Prop 21, the rent control measure put before California’s voters in the recent election, went down to defeat. While results are still preliminary at this point, nearly 60 percent of the ballots tabulated to...
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...
