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Friday, June 14, 2024

National

Articles with a National focus

the state of the economy affects multifamily housing

Yardi Matrix reports on a bifurcated economy

Yardi Matrix recently released their mid-year update on the state of the multifamily housing market. It discusses the state of the economy, the impact of anticipated new supply on rents and the impact of...
FOMC

Fed foresees only one rate cut in 2024

Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. The Fed forecast that interest rates will end 2024 higher than they predicted in recent forecasts and will decline more...
DoE defines zero emissions for buildings

DoE defines zero

The U.S. Department of Energy (DoE) has released a document defining what qualifies a building to be called “zero emissions”. The DoE states that they intend their definition to “support the buildings sector moving...
Capital Square Housing Trust

Capital Square Housing Trust Launches $20 Million Preferred Stock Offering

Capital Square Housing Trust, a real estate investment trust sponsored by Capital Square, announced the offering of up to two million shares of Series 1 Redeemable & Convertible 9.0% Preferred Stock at $10 per...

Employment growth accelerates in May

The Employment Situation Report from the Bureau of Labor Statistics (BLS) reported higher than expected overall employment growth in May. However, employment levels in 2 of the 4 of the multifamily-related job categories we...
Matt Smith

Starwood Capital Group Appoints Matt Smith as Managing Director, Head of U.S. Residential Asset...

Starwood Capital Group ("Starwood Capital"), a global private investment firm with a primary focus on real estate, announced that Matt Smith will join the firm in June as Managing Director, Head of U.S. Residential...
Susan Gore

JLL Names Susan Gore to its Board of Directors

JLL announced that Susan Gore was elected as an independent, non-executive member of its Board of Directors effective May 22, 2024. She will serve as a member of the Audit and Risk and Nominating,...
new york city leads in rent growth again in May

Rents continue slow growth in May

Yardi Matrix reported that national average apartment rent was up $6 in May compared to the revised level of the month before at $1,733 per month. The national average year-over-year apartment asking rent growth was...

Multifamily construction spending in decline

The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in April was down 0.30 percent from the revised level of the month before. Spending on...
CMBS delinquency and CMBS special servicing

Multifamily CMBS delinquency rate edges higher in May

Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose slightly in May, climbing 10 basis points. Overall CBMS delinquency rate also down slightly For delinquencies, Trepp focuses on loans that are 30...
hiring construction workers for job openings

Construction employment falls as quits rise

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that, despite higher construction job openings, April saw a net loss of 8,000 construction jobs as quits jumped...
Morrison Street Capital

Northmarq Merges With Morrison Street Capital

Northmarq will be expanding into the investment management and advisory sectors by a merger with investment management company Morrison Street Capital. Upon closing, the Oregon-based firm will be renamed Northmarq Fund Management. As part of...
The GSH Group

The GSH Group Successfully Closes $365M Loan Modifications with Arbor Realty

The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, announces the closing of loan modifications on several properties with Arbor Realty, marking a significant milestone in the company's growth and...

Apartment renters signing longer leases than ever

Higher than average demand in the first half of 2024 failed to keep pace with the unprecedented supply that delivered during the same period, according to RealPage Analytics. With national apartment supply...
single-family rentals

SFR rent growth rate edges higher in March

CoreLogic reported that their single-family rent index (SFRI) for March rose 3.4 percent from its year-earlier level. This matches last month’s reported year-over-year rent growth but is down from the 4.3 percent annual rent...
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