National

Two reports from Trepp show small improvements in the multifamily CMBS market with declines in both the CMBS delinquency rate and the special servicing rate. CBMS delinquency rate unchanged overall One monthly Trepp report focuses on...

A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations in Q1 2023 were down 55 percent on a year-over-year basis. Commercial mortgage originations overall fell 56 percent. Commercial mortgage originations down...

Yardi Matrix reported that national average apartment rent increased $5 in April to $1,709 per month. This is the largest monthly rent increase reported by Yardi Matrix since last July and indicates that a...

The Employment Situation Report from the Bureau of Labor Statistics stated that apartment operations employment fell slightly while residential construction employment rose overall in the latest month. Total employment continues to grow The Bureau of Labor...

The Census Bureau released its quarterly report on home ownership and occupancy for Q4 2022. It stated that the rental housing vacancy rate was 6.4 percent, up from a level of 5.8 percent in...

The National Association of Home Builders (NAHB), a Washington, D.C.-based trade association representing the housing industry, has named James W. Tobin III as the association’s new president and chief executive officer. Tobin, executive vice...

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 9.59 million, down 384,000 openings from last month’s revised...

The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease—trends that are expected to continue in 2023, according to CBRE’s latest research. The overall multifamily vacancy rate increased by...

The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in March was up 0.4 percent month-over-month. Spending on single-family fell for the 11th month in...

CoStar reported that its value-weighted index of multifamily property prices fell 7.2 percent year-over-year in March 2023. However, this index was up 1.4 percent month-over-month, the first monthly rise after a string of 8...

The latest rent report from Apartment List shows that the national average monthly rent growth in April was a positive 0.5 percent, down 0.1 percentage point from last month’s increase. It was the third...

A recent report from Trepp looked at the amount of securitized debt on multifamily property that is expected to come due over the next 2 years and estimated that 42 percent of that debt...

Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions for April 2023, as the Market Tightness (31), Sales Volume (26), Equity Financing (23), and...

Fannie Mae’s April economic and housing forecast reduces the depth of the predicted downturn in multifamily housing starts, although it leaves the timing of the downturn largely unchanged. Multifamily starts forecast rises The current forecast for...

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.9 percent in March from their level of the month before. While this was again the largest...