Work from home expected to explode again in 2023
The number of remote jobs is growing, and 25 percent of professional, high-paying jobs will be remote by the end of 2022, according to a new analysis by high-paying jobs site Ladders. The career site...
Economy continues to hit Americans in the wallet
Each month economists attempt to gauge how average Americans are weathering the ups and downs of the U.S. economy. By using the simple yet clever technique of adding the U.S. unemployment rate (4.20 percent)...
China real estate crisis could mean trouble for U.S. markets
As China’s real estate crisis continues to grow, the impact on U.S. real estate is starting to take shape. Much of the impact appears likely to be felt in California and New York, where...
Apartment markets attract new renters
Remote work continues to dominate renter migration patterns, according to data released by Apartment List—particularly in tech-hub markets such as San Jose, Raleigh, and Austin. Dramatic rent increases hit virtually all corners of the nation...
Multifamily trends prediction for 2022
Apartments are where home sweet home is for more and more Americans: in the last decade, the multifamily market has experienced hypergrowth. Even during COVID-19, 2020 saw a fifty percent increase in the number...
Can supply chain disruptions get any worse? Buckle in.
In my recent article on the Biden administration’s many-pronged assault on economic freedom, I pointed out that comparisons of President Biden with former president Jimmy Carter are inaccurate and unfair to Carter. In 1980,...
More than a number
They say age is just a number, and that it’s really about how you feel. Okay, that may be true—but then again, there is a reason we celebrate birthdays to commemorate another passing year....
RE sets records
The housing industry is looking back on how the coronavirus pandemic reshaped it, and at least 10 records were added to the books, including high prices, quick sales, and many Americans moving. The Redfin real...
Multifamily private activity bond issuance reaches record
Before the onset of the pandemic, the percentage of tax-exempt private activity bonds (PABs) used for multifamily housing had been largely trending upward. The Council of Development Finance Agencies’ (CDFA) latest report shows this...
Builder sentiment strong at year’s end
Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Builder sentiment in the market for newly built single-family homes moved one point higher...
Will employers fall in line?
It’s no secret that President Joe Biden’s various vaccination mandates (except for the one covering the military) have been having a tough slog in the courts recently. Nearly all of them are on hold, and...
The urgency of protecting the electric grid from cyberattacks
Multifamily owners and operators are the single largest dispenser of utilities in the nation. An electric grid failure would be catastrophic for operations and to residents, many of whom currently work from home. The clock...
Construction materials prices move higher
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2021. It showed that construction components and materials prices were up 1.6 percent in the month, seasonally adjusted. The index...
Commercial property loan delinquency rates decline
A pair of reports, one from Trepp and one from the Mortgage Bankers Association (MBA) indicate that delinquencies on loans on commercial property continue to decline from the elevated levels they reached early in...
CBRE gives 2022 multifamily outlook
CBRE recently released its 2022 U.S. Real Estate Market Outlook report. It forecasts that 2022 will be a very good year for the multifamily housing business. Economy on path to normal CBRE expects that the post-pandemic...
