Friday, March 29, 2024

National

Articles with a National focus

multifamily housing completions set record

Multifamily completions hit 50 year high

The Census Bureau’s new residential construction report for February showed multifamily construction unit completions continuing their recent surge. In addition, both multifamily permits and multifamily starts rose from the low levels they reached last...
lumber prices lead construction materials prices higher

Lumber prices lead construction materials prices higher in February

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in February on a seasonally adjusted basis. The index of components...
jerome Powell leads discussion of Fed Funds rate changes

Fed raises rate forecast for 2025

Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for key economic metrics projected that interest rates after 2024 will...
cost of homeownership versus renting

Renting cheaper than buying in top metros

A new report from Realtor.com finds that renting a starter home is less expensive than buying one in all 50 of the largest metros in the United States, sometimes by a wide margin. Assessing rents...
video

NAHB Power Hitters with Andrew Spencer

 Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Andrew Spencer, VP, Residential of Peterson Companies. Transcript: NAHB Power Hitters interview. Linda Hoffman with Andrew Spencer, recorded Thursday, February 16, 2023 (music) Linda Hoffman:...

1.1 million apartments occupied since 2020

National apartment occupancy hit a 10-year low at the end of 2023, while demand reached its highest point since Q2 2022 and continues to be strong. The number of occupied apartments in...

Rent declines stabilize while Midwest markets outperform

Apartment rent growth is expected to remain stagnant near zero this year, just as it has since August 2023, according to RealPage Analytics. RealPage SVP and Chief Economist Jay Parsons explained that...
video

NAHB Power Hitters with Alan Scott

 Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Alan Scott, founder of NRP Group. Transcript: NAHB Power Hitters interview. Linda Hoffman with Alan Scott recorded Thursday, March 2, 2023 (music) Linda Hoffman: C.S....
positive rent growth in March

Rent growth again positive in March

The latest rent report from Apartment List shows that the national median monthly rent growth in March was +0.6 percent, the second consecutive gain after several months of declines. Year-over-year rent growth was -0.8...

GSEs dominate growth in multifamily mortgages outstanding in Q4

A Mortgage Bankers Association (MBA) report shows that the growth in multifamily mortgage debt outstanding in Q4 2023 was down from that in Q3. This is very different from the usual annual pattern where...
2024 and 2025 housing starts forecast

Fannie Mae lowers housing starts forecasts on higher interest rates

Fannie Mae’s March economic forecast calls for multifamily housing starts to decline modestly through the end of 2025. Single-family housing starts are expected to rise but at a lower rate than predicted last month. Fannie...

New study from RealPage reveals portfolio-wide gap in leasing fraud protections

RealPage released its 2024 National Multifamily Fraud Research Study: Uncovering the Impact of Rental Application Fraud in Multifamily this month. The study reveals portfolio-wide gaps in leasing fraud protection, with 75 percent...
soft landing for economy means slowly declining inflation with positive GDP growth

Fannie Mae predicts a soft landing for economy

Fannie Mae’s February economic forecast calls for a steady decline in inflation while both GDP growth and employment growth remain positive, if subdued. The housing forecast predicts that multifamily starts will be higher in...
BH Management

Pretium to Acquire BH Management Services to Expand Residential Real Estate Footprint

Pretium, a specialized investment firm with more than $50 billion in assets under management, announced that it has agreed to acquire BH Management Services, one of the nation's premier property management platforms in multifamily,...

Census report foretells multifamily construction slowdown

The Census Bureau’s new residential construction report for January showed rising level of multifamily construction completions. However, both multifamily permits and starts were down sharply for the month. If this trend continues, it would...
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