MHP Blog

steel prices

Construction materials price rises pause in September

The Bureau of Labor Statistics (BLS) released its producer price index (PPI) report for September 2021. It showed that construction components and materials prices were down 0.2 percent in the month, seasonally adjusted. However,...
rent growth

Rents move higher in September

The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in September. Rents up across the board Yardi Matrix reported that the national average apartment rent rose...
job openings

Job openings remain elevated in August

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for August. It reported that the number of job openings fell slightly but remained at a high level. Evaluating...
construction employment

Multifamily jobs markets see gains in September

The latest Employment Situation Report from the Bureau of Labor Statistics stated that  both residential construction jobs and apartment operations jobs were up for the month. Total employment grows slowly for the month The BLS reported...

Residential construction spending plateaus in August

The Census Bureau’s report on residential construction spending shows that the value of residential construction put in place in August was up 24 percent year-over-year but up only 0.4 percent month-over-month. Improvements lead growth The reported...

Banks increase share of multifamily mortgage debt in Q2

A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt shows that the GSEs continued to be the largest source of net new multifamily mortgage funds in Q2. However, for the first...
FOMC economic forecast

Forecasts predict slower growth, higher inflation

A pair of economic forecasts, one from Fannie Mae and one from the Federal Reserve project lower growth and higher inflation for the rest of 2021 than did earlier forecasts by the same agencies. Fannie...
commercial property prices

RCA: Multifamily property prices up in August

A report from Real Capital Analytics (RCA) said that multifamily property prices rose 13.5 percent in the year to August. This is the highest annual rate of price appreciation seen for this asset class...

Rent delinquencies up slightly in September surveys

The “week 37” release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is up slightly since we last reported on this survey, rising...
zoning

Upzoning coming to California

California Governor Newsom recently signed a series of bills seeking to address the shortage of housing in the state. The bills. SB-8, SB-9 and SB-10 give local governments additional authority to upzone for higher...
multifamily construction permits

Multifamily housing construction pipeline grows

The Census Bureau’s new residential construction report for August reported a surge in multifamily housing construction permits and starts, although completions continued to lag. Multifamily housing construction permits hit multi-year high The number of permits issued...

CBRE: Foreign investment in multifamily lower in 2021

A new report from CBRE found that both the dollar value of foreign investment in multifamily properties as well as foreign investment’s share of total investment fell during the first half of 2021. Total foreign...
construction materials prices - steel

Construction materials prices up despite lumber price declines

The Bureau of Labor Statistics (BLS) released its producer price index report for August 2021. It showed that construction components and materials prices were up 0.2 percent in the month, seasonally adjusted. The index...
rent growth

Yardi Matrix reports record rent growth

The latest rent report from Yardi Matrix shows record growth in multifamily asking rents for the country as-a-whole in August, with SFR rent growth outpacing that of multifamily. Rents up sharply again Yardi Matrix reported that...
job openings

Job openings again set record in July

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for July. It again reported a series record for the highest number of job openings. Assessing the overall jobs...
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