MHP Blog

Rents fall in December

The latest rent reports from Yardi Matrix and Apartment List continue to show declining rents for the country as-a-whole. However, they both also show wide variations in results between different metro areas. Rent slide continues...
jobs market

Jobs market stalls at year-end

Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for December and the Job Openings and Labor Turnover (JOLT) report for November....

Rent delinquencies grow

The latest version of the Census Bureau’s Pulse Survey shows that a large and increasing portion of renters are behind on their rent payments. Taking our pulse The Pulse Survey is an experimental program that the...
new residential construction

Residential construction spending up in November

The Census Bureau’s report on residential construction spending for November shows a 2.7 percent increase from October’s level. Overall construction spending was up 0.9 percent for the month and was 3.8 percent higher than...
economic forecast

Fannie Mae updates 2021 and 2022 forecasts

Fannie Mae recently revised its economic outlook for 2021. The new forecast predicts significantly higher growth over the next two years than their last forecast from only one month ago. The economists at Fannie...

Mixed report on multifamily housing construction in November

The Census Bureau released its monthly new residential construction report for November 2020. It shows a pickup in multifamily housing construction permits and starts but a sharp fall in the rate of completions of...

Most new multifamily mortgage debt supplied by GSEs in Q3

A Mortgage Bankers Association (MBA) report on the level of outstanding commercial and multifamily mortgage debt shows that the GSE's increased their already dominant share of this debt in Q3. The MBA reported that multifamily...

RealPage looks back at 2020

RealPage recently held a webinar where they took a look-back at 2020, reviewing the impacts of the pandemic on the multifamily housing market and on the broader economy. Presenting were Greg Willett, Chief Economist,...

Construction materials prices lower as lumber falls

The Bureau of Labor Statistics (BLS) released its producer price index report for November 2020. It showed that the BLS price index of materials and components for construction was down 0.3 percent from October,...
multifamily property prices

Multifamily property prices rise in October

Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property prices continued to increase in October. Defining the indices The CoStar report focuses on a relative measure of property values called the...
rent growth

Rents fall in November

A pair of reports, one from Yardi Matrix and one from Apartment List, track changes in rents charged across the country. The reports show rents declining slightly for the country as-a-whole. However, they both...
job market

Jobs market continues slow improvement

Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for November and the Job Openings and Labor Turnover (JOLT) report for October....

Slowdown ahead for multifamily housing construction?

The Census Bureau released its monthly new residential construction report for October 2020. It shows continuing weakness for multifamily housing construction permits and starts but a high pace for completions of multifamily housing units. Multifamily...

Looking ahead to 2021

Both CBRE and Yardi Martix have recently issued reports which discussed the prospects for the multifamily housing market in 2021. This article describes some of the key take-aways from those reports. The long view Both reports...
lumber prices

Construction materials prices up despite lumber price drop

The Bureau of Labor Statistics (BLS) released its producer price index report for October 2020. It showed that the BLS index of construction materials prices was up 0.2 percent from September, seasonally adjusted. It...
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