Renters feel squeeze
Renters are considered "cost burdened" if they spend more than 30 percent of their income on rent and utility costs. The research was conducted by Jessica Bean, vulnerable families research associate at the Carsey...
Report shows slow multifamily job growth
The Job Openings and Labor Turnover (JOLT) report for June was released by the Bureau of Labor Statistics (BLS) this week. Its data on the parts of the job market of interest to the...
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:...
Politicians seek relief for renters, but landlords have rights too
State and local governments have closed businesses across the country in response to COVID-19, putting millions of Americans out of work. Right now, those Americans’ biggest concerns are keeping a roof over their heads...
ULI gives guide to going green
The Urban Land Institute (ULI) recently released a report titled Renewable Energy Strategies for Real Estate. The report provides an introduction to different approaches that commercial real estate owners and tenants are using to...
Multifamily mortgage originations outperform in Q2
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q2 were up 24 percent on a year-over-year basis, outpacing the 19 percent rise in commercial/multifamily mortgages generally.
Tracking multifamily...
Ageless tech
With the current real estate market not exactly favoring the buyer due to the interest rate hike and soaring housing prices, the demand for rental units in multifamily properties continues to rise. And while...
Jobs markets show strength
The Job Openings and Labor Turnover (JOLT) report for January was recently released by the Bureau of Labor Statistics (BLS). Its data on the parts of the job market of interest to the multifamily...
MSCI: Multifamily property prices up in July
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in July were up 0.1 percent from their level of the month before but still down 12.2 percent...
H2O Degree’s new catalog features utility management, leak detection, submetering, thermostat control and reporting...
H2O Degree, the leading supplier of utility management products for multifamily facilities for over a decade, announces a new 60-page catalog, “Utility Management Solutions for Multifamily Facilities,” that simplifies the application and specification process...
Mental illness and us
Mental illness runs in my family. So does genius. While you may have heard me mention relatives who are inventors and creators, I’m certain you’ve never heard me mention the “other” relatives—homeless with multiple...
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,...
Greystar acquires Alliance
Greystar Real Estate Partners, the nation’s largest rental management firm, has acquired Alliance Residential Company’s property management business. The combined businesses will continue under the Greystar brand.
Headquartered in Charleston, South Carolina, Greystar presently manages...
FHFA faces pushback on cuts to Fannie Mae apartment lending
While the size of the cuts is still undetermined, they will add to a 10 percent reduction in apartment financing the Federal Housing Finance Agency required Fannie Mae and Freddie Mac to make this...
Fannie Mae focuses on affordable housing
While there are 15.2 million occupied multifamily rentals in the U.S., Fannie Mae reports that market conditions suggests that number will not meet the growing demand. Industry experts attribute the growing need to the...
