Multifamily construction spending trending lower in May
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in May was down 0.02 percent from the revised level of the month before. Spending on...
Rents continue to trail last year’s levels
The latest rent report from Apartment List shows that the national median monthly rent growth in June was +0.4 percent. Year-over-year rent growth was -0.7 percent. Rents have now fallen on a year-over-year basis...
The Peabody Companies Announces Promotion of Whitney Pulsifer to Vice President of Strategic Development
The Peabody Companies, a group of award-winning property management and real estate firms now celebrating its 48th anniversary, is thrilled to announce the promotion of Whitney Pulsifer to vice president of strategic development. With her...
The Michaels Organization Names Matt Sullivan New COO and Elevates President of Development Michael...
The Michaels Organization, a national leader in residential real estate with full service capabilities in development, property management, construction and investment, announced that Matt Sullivan has been named Chief Operating Officer. Michaels also announced...
Freddie Mac Launches Multifamily Giant PCs
Freddie Mac Multifamily announced the company will soon launch a new product offering, Multifamily Giant Participation Certificates (Multifamily Giant PCs), which are single-class pass-through securities collateralized by existing Freddie Mac Multi PCs® and/or Multifamily...
Professionally managed apartments report lower vacancies than the broader market
Professionally managed apartments report lower vacancies than the broader market, according to data from RealPage and the U.S. Census Bureau. Since 2010, the professionally managed segment of the multifamily industry has averaged five...
Office to apartments
download pdf Hybrid work is likely here to stay. This shift isn’t just changing lifestyles—it’s also affecting commercial spaces. Office vacancy rates post-COVID shot up almost overnight, and they remain near 20 percent nationwide, the...
Are you dreamscrolling? Three ways to gain control
Beth Martin may be a designer in Charleston, South Carolina, but, in her head, she is in the south of France, touring a 1700s chateau. Real estate site Zillow is where Martin tends to take...
Seven trends reshaping the workplace
Where and how we work has changed a lot in the past several years. Collectively, we’ve experienced some of the most significant and far-reaching changes in the world of work since the Industrial Revolution. Zoom...
Rents fall behind inflation
Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (September 2021:...
Market demand sets stage for few rent hikes
While asking rents for new leases nationally are running nearly flat over the past 12 months, those figures are heavily influenced by the Sunbelt, where record-high supply has turned rent growth negative in some...
Economics and the hidden order
The “real world” is calling. But the real world is a real mess. So how do we clean up the mess? That’s a massive task: too big for any one person. This looks like...
Creating habits in an age of distraction
There’s no doubt that we are more distracted than ever in our age of screens. Everything from the latest news on social media to our favorite movie to online shopping is only a few...
Why Johnny can’t build
We were once a nation of builders—from the toll roads and canals of the early nineteenth century and the railroads of the second half of that busy century, to the construction of power, energy,...
