MHP Blog

construction material prices

Construction material prices rise on higher lumber prices

The Bureau of Labor Statistics (BLS) released its producer price index report for July 2020. It showed that the BLS price index of materials and components for construction was up 0.5 percent from June,...
small landlords

Small landlords hit by COVID-19

A survey by the Terner Center for Housing Innovation and the National Association of Hispanic Real Estate Professionals (NAHREP) examined the impact of the COVID-19 epidemic on the mostly small landlords who are members of...
multifamily housing so Calif

How COVID is impacting the multifamily business in California

IMN recently put on a webinar discussing the impact of the pandemic on the business of providing multifamily housing in California. The webinar set a very ambitious number of topics to be discussed, especially...
multifamily housing

Rents recover (somewhat) in July

Yardi Matrix released its July 2020 report on the multifamily housing market. The report shows some recovery in rents for the multifamily rental housing market nationally, but wide variations between metro areas exist. The rent...
colorado rental housing law

Rental housing law in Colorado

Nexus Commercial Realty recently presented a webinar outlining legislation being considered which affects multifamily housing. While the focus of the webinar was on legislation pending in Colorado, many of the issues being discussed there...
HEALS HEROES

HEROES, HEALS and housing

The CARES act was passed to support the economy in the wake of the COVID-19 epidemic. Many of its provisions are now expiring and Congress is considering new legislation to continue to support the...

Rents continued to decline in June

Yardi Matrix released its June 2020 report on the multifamily rental housing market. The report shows continuing softness in the market. The rent decline continues The nationwide average rent in June fell by $2 from its...
work from home

Evaluating the impact of COVID-19

The John Burns Real Estate Consulting New Homes Insights podcast recently interviewed Greg West, CEO of ZOM Living. The interview focused on the impact of COVID-19 on his business. This article summarizes key points...
multifamily housing construction

Multifamily housing construction recovering

The Census Bureau released its monthly new residential construction report for June 2020. It shows signs of life in multifamily housing construction. Permits decline The number of permits issued for buildings with 5 or more units...
multifamily mortgage

MBA looks ahead

The Mortgage Bankers Association recently released its commercial real estate finance forecast. It projects a fall-off in commercial lending this year with a recovery starting next year. While the forecast is for commercial lending...
downtown

Will COVID send growth to the suburbs?

A report from Marcus and Millichap focuses on the question of whether future growth will be concentrated around central business districts (CBDs) or whether it will move to the suburbs. It considers both factors...
apartment market

Assessing the apartment market, summer 2020

RealPage recently presented their US Summer Apartment Market Outlook webcast. Greg Willett, chief economist, and Ada Couch, market analyst at RealPage conducted the presentation. They covered both the current state of the market as...

Construction material prices rise on higher lumber prices

The Bureau of Labor Statistics (BLS) released its producer price index report for June 2020. It showed that overall prices for processed goods for intermediate demand rose by 0.9 percent. A 7.2 percent jump...
jobs market hiring process

The jobs market rebound begins

The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for May. It shows how the jobs market is responding to the economy being reopened after the COVID-19...
rent control

Remember Prop 10? Meet Prop 21

The California Secretary of State has designated the state’s latest rent control initiative as Proposition 21. Also known as the Rental Affordability Act, it will appear on the November General Election ballot. The measure...
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