Mixed multifamily jobs report for February
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the number residential construction jobs rose for the month, but apartment operations jobs fell.
Total employment rises
The BLS reported that employment increased...
Rents jump in April
The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in April.
Rents up strongly
Yardi Matrix reported that the national average apartment rent rose $10 in...
The vanishing apartment
The affordability crisis is creeping up into middle-income households according to Harvard Joint Center for Housing Studies’ 2020 report, America’s Rental Housing.
48% of renter households are considered cost-burdened. What does this mean? 21 million...
The new Sun Valley
Imagine an apartment unit with a view of snow capped mountains and a shimmering mountainside lake. Imagine skiing in and out of your apartment or condo right onto the slopes of a world-class ski...
The future of bureaucratic rule: West Virginia v. EPA
Who should make policy? The U.S. Supreme Court just answered that question in a decision with far reaching implications for the apartment industry. The West Virginia v. EPA decision affirmed that policy must be...
Laughter: Stay connected even while you’re apart
Video-conferencing has been around for more than 20 years. Until the pandemic, though, you would find that many if not most people needing to attend a meeting remotely would be calling from a real...
October apartment market conditions showed some rebound from COVID-19 impacts
Apartment market conditions moderated in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for October 2020, as the industry continues to cope with the ongoing COVID-19 pandemic. While the Sales Volume...
A condo state of mind
Completed over a decade ago, the properties were build under a city tax abatement program including rent regulations. When the abatements expire in June of 2015, the new owner will convert the buildings to...
PB Bell donates most to AMCF Big Hearts for three years running
For the last three years running, property management firm PB Bell has lead the charge in raising money for the Arizona Multi-housing Charitable Foundation. In 2017 alone, the firm raised $10,324 for the group...
Raising minimum wage hurts workforce
The Senate Budget Committee’s blog says, “Top economists are backing Sen. Bernie Sanders on establishing a $15 an hour minimum wage.” It lists the names of 210 economists who call for increasing the federal...
MBA forecasts 25 percent rise in multifamily lending in 2024
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $576 billion in 2024, which is a 29 percent increase from 2023’s estimated total of $444 billion. This is according to...
New NMHC construction survey finds record construction costs and increasing delays
A record 83 percent of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the seventh edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey.
Of this group,...
Multifamily housing construction activity higher in November
The Census Bureau’s new residential construction report for November showed higher multifamily housing construction activity than in recent months in all three measures that we track.
Multifamily housing permits edge higher
The number of permits issued...
Rent growth rate declines in July
Yardi Matrix reported that the national average apartment rent growth in July was $10, bringing the average rent to $1,717 per month.
Rent growth rate slipping
The national average apartment rent was up 12.6 percent in...
Help wanted
The labor market continues to tighten as unemployment wobbled near a 45-year low last week leaving unemployment at the lowest level since January 1973.
Last week also marked the 154th straight week that claims remained...
