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...
Rent Payment Tracker: rent payments flat from August
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 92.2 percent of apartment households made a full or partial rent payment by September 27 in its survey of 11.4 million units of professionally...
Voters evenly split on Prop 21
Results of a Berkeley IGS Poll indicate that likely voters are evenly divided on Prop 21, the rent control initiative which is on the November ballot in California.
The big picture
The results of the poll...
It’s still a good time to invest in apartments
Freddie Mac recently released its Apartment Investment Market Index (AIMI) for Q2 2020. While the index was down slightly from the Q1 reading, it was still up for the year.
Defining AIMI
Freddie Mac developed the...
Rent Payment Tracker: payments still down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.1 percent of apartment households made a full or partial rent payment by September 20 in its survey of 11.4 million units of professionally...
Comparing urban and suburban apartment markets
RealPage recently held a webinar where they discussed the differences between the recent performance and the future prospects of the urban core apartment markets compared to the more suburban markets.
Inspiration for this webcast came...
Best properties and PMCs by reputation
Online reputation management company, Reputation.com, has analyzed its database of 3 million customer reviews of more than 70,000 multifamily properties to compile a list of the best properties and best property management companies.
How good...
Sponsored: Engaging the five renter types
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...
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...
