Census reports falling vacancy rates
The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate was 5.8 percent in Q3 2021, down from a level of 6.2 percent in...
Torrid rent growth pace slows slightly in October
The latest rent report from Apartment List shows that rent growth is still at a high, if decelerating, pace. Nationally, rents were up 0.8 percent for the month and nearly 16 percent for the...
NAHB Power Hitters with Paul Doocy
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Paul J Doocy, Co-Head of Real Estate of CP Capital. Transcript: NAHB Power Hitters interview. Linda Hoffman with Paul Doocy, recorded October 14,...
Residential construction spending down slightly in September
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in September was up 19 percent year-over-year but fell 0.4 percent month-over-month. Passing the peak The reported value of...
Multifamily property price index continues to climb
The latest CoStar report on the change in prices of commercial property in the United States said that multifamily property prices rose 12.5 percent over the last 12 months, but multifamily is no longer...
Reconciliation framework includes $150 billion for housing
President Biden released a framework for a reconciliation bill that would implement his legislative priorities. No text for actual legislation was provided, so the framework is only the general outline of a plan at...
October apartment market conditions show strong improvement
Apartment market conditions showed continued improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for October 2021. The Market Tightness (82), Sales Volume (79), and Equity Financing (65) indexes came...
Trepp assesses CRE loan health
A new report from Trepp takes a look at the state of commercial real estate (CRE) lending in Q3 2021. While the report covers lending for all commercial property types, this article focuses on...
Yardi Matrix presents multifamily national outlook
Yardi Matrix recently held a webinar presenting its Fall 2021 multifamily outlook. The presentation included both a general outlook for the economy and a discussion of the future direction for the multifamily housing market....
Low inventory leads to solid gains in new home sales
Fueled by strong demand, low existing inventory and buyers' anticipation of future higher mortgage rates, new home sales posted a solid gain last month. Sales of newly built, single-family homes in September rose 14 percent to an...
Industry responds to slow pace of emergency rental assistance
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement on the disappointing news that less than a quarter of emergency rental assistance aid has been distributed to residents...
Multifamily property prices rise on record sales volume
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 16.3 percent in the year through September. However, unlike in recent reports, apartments were overtaken by both office and industrial properties...
Rent delinquencies continue slow rise
The “week 39” release of the Census Bureau’s Pulse Survey shows that the portion of residents with rent delinquencies is up slightly since we last reported on this survey. For comparison, the NMHC rent...
Action on supply chain bottlenecks needed to boost housing affordability
The National Association of Home Builders (NAHB) called on Congress and the Biden administration to help ease building material supply chain bottlenecks that are harming housing affordability by removing trade barriers and seeking solutions to port congestion...
NAHB Power Hitters with Bill McLaughlin
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Bill McLaughlin, EVP Development & Construction of Avalon Bay. Transcript: NAHB Power Hitters interview. Linda Hoffman with Bill McLaughlin, recorded October 6, 2021 (music) Linda...
