Insurance costs lead the rise in multifamily expenses
Insurance costs are leading the rise in multifamily expenses, which abated somewhat in the second half of 2023, but still remain high, while increases in property insurance premiums accelerated throughout the year,...
Strong rise in employment in March
The Employment Situation Report from the Bureau of Labor Statistics stated that March employment levels all 4 of the multifamily-related job categories we track rose from the preliminary levels reported last month.
Blowout month for...
Courts issue DEI training decision
A federal court in March issued a decision impacting the diversity, equity, and inclusion (DEI) legal landscape. The case demonstrates the rapidly evolving state of the law with respect to DEI.
In Honeyfund.com Inc. v....
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...
NMHC survey reveals rise in rental fraud
A recent survey of rental housing providers by the National Multifamily Housing Council found that rental application, financial and identity fraud are increasing throughout the nation, fueled by social media platforms that...
Apartment deals offering risk premiums again
In 2021 and 2022 it didn’t matter what vintage you bought as there was no cap rate premium.
As the first quarter of 2024 was wrapping up, TruAmerica Multifamily closed its first acquisition of the...
Building envelopes and energy efficiency
When I was young and growing up, I lived in a 1913 farmhouse in rural Fresno, California. I thought that the refrigerator was the most exquisite device in our home because it didn’t matter...
MSCI: Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.0 percent from their level of the month before in February. This is much faster than last...
The 9 Types of Collaborators
The Expert
The Expert is the go-to person for questions about collaboration technology and best practices in your organization. The Expert looks beyond the normal file-sharing and project management capabilities of a collaboration solution and...
Construction jobs market cools in March
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in March was 8.49 million. This was reported to be down 325,000...
KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT
KKR and Blackstone Real Estate Income Trust said that KKR-managed funds would acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion.
The over 10,000-bed portfolio is comprised of 19...
A history of Faith
He decided to continue his education, since jobs were scarce, looking at either business school or law school, and ended up going to Harvard Business School to pursue his MBA.
After graduating in 1986, Faith...
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...
Is the U.S. dollar finished?
In August 2005, a little-known financial analyst named Richard Bove issued an eight-page report for Punk, Ziegel, and Company, a boutique investment bank based in New York City.
The report, titled “This Powder Keg Is...
Multifamily property prices still falling, but more slowly
CoStar reported that its value-weighted index of multifamily property prices fell 0.4 percent month-over-month in December 2023, the fourth decline in a row. This index was down 10.7 percent year-over-year.
The value-weighted index of non-multifamily...
