MHP Blog

JOLT report: more people left jobs in February

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for February. It shows that the labor market took a step back in that month. Looking at the churn The...
rent growth

Yardi Matrix reports rents rose in March

The latest rent report from Yardi Matrix sets a positive tone for rent growth for the country as-a-whole in 2021, with most markets returning to rent gains. Rents rise again in March Yardi Matrix reported that...
jobs growth

Jobs market growth resumes in March

The latest Employment Situation Report from the Bureau of Labor Statistics shows that employment growth resumed in jobs categories of interest to builders and operators of multifamily housing in March. Total employment rises The BLS reported...

Apartment investment environment improves in Q4

Freddie Mac recently released its Apartment Market Investment Index (AIMI) for Q4 2020. The national index was up 0.5 percent in the quarter and was 3.4 percent higher than its year-ago level, indicating an...

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...

Mixed reports on multifamily property prices in February

Recent reports from CoStar and from Real Capital Analytics (RCA) paint different pictures of short-term movements for multifamily property prices in February. Defining the indices The CoStar report focuses on a relative measure of property values...

Real estate investors look ahead

Realty Mogul recently polled nearly 1,000 real estate investors to assess their plans for the year ahead in light of the changes resulting from the pandemic and from the change in administrations in Washington. Where...

Housing Supply and Affordability Act introduced in US Senate

Senator Amy Klobuchar (D-Minn.) introduced a bill March 23 that would provide funding to support the development and implementation of local plans to increase the supply of housing. This bill is designated SB902. It...

International investment in multifamily property falls during 2020

A new report from CBRE found that both the absolute dollar value of foreign investment in multifamily properties as well as foreign investment’s share of total investment fell during 2020. Sizing up the deals The CBRE...

GSEs increase share of multifamily mortgage debt again in Q4 2020

A Mortgage Bankers Association (MBA) report on multifamily and other commercial mortgage debt shows that the GSEs accounted for 96 percent of the increase in multifamily mortgage debt outstanding in Q4. Unlike the MBA report...
multifamily housing construction permit

Multifamily housing permit levels remain high in February

The Census Bureau released its monthly new residential construction report for February 2021. It reported that permits were strong, starts were moderate and completions were weak compared to the recent history of multifamily housing...
rent growth

Rents continue upturn in February

The latest rent reports from Yardi Matrix and Apartment List show positive rent growth for the country as-a-whole in February. Rents rise in February Yardi Matrix reported that the national average apartment rent rose 0.2 percent...

Construction materials price rises spread in February

The Bureau of Labor Statistics (BLS) released its producer price index report for February 2021. It showed that the BLS price index of materials and components for construction was up 1.4 percent in the...
rent delinquency

Rent delinquencies down in latest Pulse Survey

The latest version of the Census Bureau’s Pulse Survey shows that the portion of renters who are current on their rent payments is up since we last reported on the survey results. What is the...

Jobs market growth stalls

The Employment Situation Report for February from the Bureau of Labor Statistics (BLS) shows little change in employment in jobs categories of interest to builders and operators of multifamily housing. Total employment The BLS reported that...
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