CoStar: multifamily property price rises moderating
CoStar reported that its value-weighted index of multifamily property prices increased 14.5 percent, year-over-year, in September 2022. However, this index was down 0.2 percent month-over-month, the third monthly decline in a row. The value-weighted index...
Tracking excess savings
A report from Oxford Economics assesses the current state of the excess savings accumulated by American consumers during the pandemic. Access to these savings is helping to support current consumer spending, including on housing. Legacy...
SFR rent growth down from recent highs
A report from CoreLogic, a data and analytics company, states that the rate of rent growth in the single-family rental (SFR) market fell in August for the fourth month in a row, reaching 11.4...
Student housing preleasing sets record in 2022
Yardi Matrix recently provided updates on the student housing market, both in the form of a report and also in the form of a webinar. The report covered the student housing market fundamentals while...
Pulse Survey finds lower rent delinquencies
The “Week 49” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments has fallen to a new survey low of 12.3 percent. What is...
Multifamily property price growth rate down in September
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices rose 15.9 percent year-over-year in September and that they rose 0.2 percent from the month before. The year-over-year...
Fannie Mae revises GDP growth forecast lower again
Fannie Mae’s October economic and housing forecasts predict that the economy will briefly return to growth in Q3 before entering a recession in early 2023. The downturn is expected to lower housing starts next...
Multifamily housing construction completions rebound
The Census Bureau’s new residential construction report for September was the reverse of last month’s report with multifamily housing construction permits and completions rising. Starts fell after moving sharply higher last month, but starts...
Have construction materials price rises peaked?
The September producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.4 percent in the month, seasonally adjusted. While this decline is small, it may...
Same assets. Better performance.
Revenue management has been an indispensable price optimization tool in multifamily since the launch of Lease Rent Optimizer (LRO) and YieldStar 15 years ago, both developed in conjunction with large multifamily property REITs and...
The most important thing
Capitalism, wrote Marian L. Tupy and Gale L. Pooley in their book, Superabundance, succeeds not only because it is efficient but because it correctly locates the source of wealth in the human mind. Their book...
Benchmarking rules tighten
There’s an unexpected piece of paper taped to the glass entrance of 550 Vanderbilt, a luxury, high-rise in the Prospect Heights neighborhood of Brooklyn, N.Y. Visitors might see it as they enter Ciao Gloria, the...
The case for space
Personally, I’m a big fan of markets, but I’m not much of a city guy. I’ve lived in urban areas before, and to me the benefits just don’t outweigh the cost of the hustle...
Construction spending digs in as recession deepens
U.S. construction spending—an indicator of total spending on all types of construction—fell in August for the second month as the housing market moved further into a recession. Construction spending in September was estimated at “a...
Economic freedom falls in U.S.
The Fraser Institute’s 2022 Economic Freedom of the World Index report has been released. This year’s report covers the year 2020. The index development was led by Dr. James Gwartney in the late 1980s...
