Why housing costs remain a major hurdle for lowering inflation
Housing inflation continues to be a stubborn impediment to the consumer price index (CPI) falling back to the Federal Reserve’s target. Despite broader economic inflation cooling significantly from pandemic peaks, the shelter inflation index has...
Revenue management’s data dilemma
The first multifamily housing property went live on revenue management (RM) 23 years ago in February. That system was the first iteration of Lease Rent Optimizer (LRO), designed by Talus Solutions and later acquired...
Mod, mod world
Some of the busiest apartment developers in the U.S. are still trying to use three-dimensional “modules” created in factories to reduce the cost of construction. Leading apartment development companies are still placing bets on modular...
New metrics make Midwest investment attractive
Recently, the Midwest has shown surprising growth and economic resilience, making this region an attractive candidate for multifamily development, investment and general interest. Often considered the slowest growing region in the U.S., the Midwest has...
A luxury vibe
High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy? National Class A rents average $660 to $2,000 below the average monthly mortgage Hospitality-focused apartments Class...
Single-family rent growth rate rises in May
CoreLogic reported that their single-family rent index (SFRI) for May rose 3.2 percent from its year-earlier level. This is up 0.2 percentage points from last month’s reported year-over-year rent growth rate but is down...
Higher growth for multifamily starts predicted
Fannie Mae’s July housing forecast calls for higher levels of multifamily housing starts in 2024 and 2025 than in their two most recent past forecasts. Single-family housing starts are expected to pull back slightly through...
The Roxborough Group Appoints Sam Caven as Managing Director of Acquisitions
The Roxborough Group, a leading real estate investment firm, announced the appointment of Starwood Capital Group veteran Sam Caven as Managing Director of Acquisitions. In this role, Caven will work together with Matt McCormick...
NMHC: Apartment market conditions loosen in Q2
Apartment market conditions came in mixed in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for July 2024. While the Debt Financing (63) and Sales Volume (57) indexes indicated more...
The price of disorder
I was once pitched a deal in the heart of the Amazon—Manaus, Brazil. What was I buying? Firstly, a commercial asset. But I couldn’t shake my concern around governance. The sanctity of a contract...
Increasing apartment supply is slowing new lease-up velocity
Increasing apartment supply is slowing new lease-up velocity, said Madera Residential head of investment strategy and research Jay Parsons. Leasing velocity for newly built apartments is at its slowest pace in recent...
Multifamily housing construction bounces back from May lows
The Census Bureau’s new residential construction report for June stated that multifamily permits, starts, and completions were all up from May’s depressed levels. In addition, revisions to May’s multifamily housing construction data were all...
Builder confidence remains subdued in June
Mortgage rates that averaged 6.92% in June per Freddie Mac, along with elevated rates for construction and development loans, continue to put a damper on builder confidence. Builder confidence in the market for newly built...
Biden calls for rent control -update
In President Biden’s press conference on July 11, he mentioned his plan to impose rent control with a 5 percent rent increase cap on corporate landlords as part of his second term agenda if...
Thompson Thrift Announces Expansion of Construction Executive Team with Three Promotions: Casey Maxie, Rob...
Thompson Thrift, a full-service nationally recognized real estate company, announced an expansion of the executive team for Thompson Thrift Construction, the dedicated construction arm for Thompson Thrift's multifamily business unit, with promotions of three...