MHP Blog

apartment construction

Multifamily housing construction starts boom

The Census Bureau’s new residential construction report for April showed continued high levels of multifamily housing construction permit issuance and unit starts, but unit completions declined, resulting in another increase in the number of...
multifamily property price appreciation

Yardi Matrix studies multifamily property price appreciation

A recent report from Yardi Matrix examined the price appreciation seen over the last decade for multifamily properties which were resold frequently. These tended to be Class B and Class C properties targeted for...
multifamily mortgage originations

Strong multifamily mortgage originations in Q1

A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgages originations in Q1 were up sharply on a year-over-year basis. Tracking multifamily mortgage originations The first chart, below, shows the quarterly origination volume indices...

Construction materials price rises outpace CPI in April

The Bureau of Labor Statistics (BLS) released its producer price index report for April 2022. It stated that construction materials prices were up 0.8 percent in the month, seasonally adjusted. The index was 21.2...
rent growth leader miami

Rent growth rate slips slightly in Yardi Matrix survey

Yardi Matrix reported that the national average apartment rent rose $15 in April to $1,659 per month as rent growth declined slightly. Rents growth rate still high but declining The national average apartment rent was up...
multifamily property in NYC

CBRE reports strong Q1 multifamily fundamentals

CBRE reported that record high apartment absorption over the last 4 quarters set the basis for very strong measures of performance for the multifamily property market. Comparing universes CBRE gathers its data from 69 markets that...
ULI economic forecast

ULI economic forecast sees continued growth

The Urban Land Institute (ULI) recently released its biannual economic forecast for spring 2022. It generally has a more positive outlook for the economy and for the multifamily housing industry than did their last...
multifamily jobs

Multifamily jobs numbers edge higher

The latest Employment Situation Report from the Bureau of Labor Statistics stated that the numbers of residential construction jobs and of apartment operations jobs both rose for the month, but not all multifamily jobs...
commercial property price rises

Multifamily property prices cooling

The latest CoStar report on the changes in the prices of commercial property in the United States said that the equal-weighted quarterly index of multifamily property prices rose 13.3 percent over the last 12...
quit job

Job openings and quits set records in March

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings hit a new record high at the end of March. Hiring was...
residential construction spending

Residential construction spending rises despite multifamily stall

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.0 percent from the revised level of the month before. Residential construction spending...
rent increases

Rent growth rises with the season

The latest rent report from Apartment List shows that the national average rent growth in April reached 1.0 percent month-over-month and 16.4 percent year-over-year. The history of rent growth The last two years have been extraordinary...
headwinds for the economy

Marcus and Millichap assesses economic headwinds

Marcus & Millichap recently presented a webinar on its 2022 Outlook, which examined how the economy, inflation and Federal Reserve policy are impacting the commercial real estate market. Presenters were Hessam Nadji, President and...
apartment vacancy

Census reports uptick in rental vacancy rates

The Census Bureau released its quarterly report on home ownership and occupancy for Q1 2022. It showed that the rental housing vacancy rate was 5.8 percent, up from a level of 5.6 percent in...
economic growth

NOI is growing, but slowly

A new report from Trepp seeks to measure the growth in net operating income (NOI) from 2020 to 2021. It did this by analyzing multifamily properties with loans issued by Freddie Mac for which...
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