MHP Blog

declining rent growth

Yardi Matrix sees slower rent growth in 2023

Yardi Matrix now projects that the national average asking rent growth in 2023 will be 2.6 percent, down from their previous estimate of 3.1 percent. The decline was driven by a few large markets...
fair housing affh

HUD proposes new revisions to AFFH rules

On January 19, the Department of Housing and Urban Development (HUD) issued a press release stating its intent to once again amend the rules surrounding HUD's affirmatively furthering fair housing (AFFH) regulations. While HUD...

Recession coming, but later

Fannie Mae’s January economic and housing forecasts predict a stronger finish for multifamily starts in 2022 and a higher number of multifamily starts in 2023 than did earlier forecasts. However, it also foresees a...
falling property prices

Multifamily property prices again lead decline

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.9 percent in December from their level of the month before. For the second month in succession,...
multifamily housing construction

Multifamily housing permits rise but starts fall in December

The Census Bureau’s new residential construction report for December reported that the number of multifamily permits issued increased but that starts and completions both fell for the month. Starts exceeded completions again leading the...
construction materials prices - power wire and cable

Construction materials prices move lower in December

The December producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.3 percent in the month, seasonally adjusted, the fourth monthly decline in a row....
apartment demand

Apartment demand fell in 2022

RealPage’s Early Edition report for Q4 2022 sums up key apartment absorption measures for 2022 and looks ahead to what we can expect for 2023. Ending a run RealPage reported that apartment absorption has been positive...
rent delinquency

Rent delinquencies down slightly in Pulse Survey

The “Week 52” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments fell slightly to 13.3 percent, down from the 13.7 percent reported...

MBA forecasts a shrinking economy in 2023

The Mortgage Bankers’ Association (MBA) recently released its Q3 2022 quarterly databook. It contains data on mortgage originations and on holdings that has been previously discussed. It also includes new forecasts for key economic...
senior housing

Senior housing occupancy up in Q4

An NIC Map Vision summary of the fundamentals of the senior housing industry reports that key metrics are still well below pre-pandemic levels, but trends are positive. Segmenting the market The senior housing market is highly...
rents fall

Rent growth falls in December

Yardi Matrix reported that national average apartment rent growth turned negative in December with rents falling $4 from November’s revised level to $1,715 per month. YoY rent growth rate slide continues The national average asking apartment...
multifamily prperty prices fall

CoStar reports falling multifamily property prices

CoStar reported that its value-weighted index of multifamily property prices was down 1.4 percent month-over-month in November, the fifth monthly decline in a row. However, this index was still up 6.1 percent year-over-year. The value-weighted...
job openings

Job openings remain high in November

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings at the end of November was 10.46 million, up from the preliminary...

Rents fall in December

The latest rent report from Apartment List shows that the national average rent growth in December remained negative for the fourth consecutive month. Rents fell 0.8 percent month-over-month. Year-over-year rent growth was 3.9 percent,...
multifamily property prices decline

Multifamily property prices lead decline

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.1 percent in November from their level of the month before. This was the largest month-over-month decline...
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