Repurposing hotels helps with housing shortage
The pandemic in 2020 slowed tourism throughout the nation, leaving the hospitality industry economically devastated, with hotels and lodging among the hardest hit. After a year of record-breaking occupancy for hotels, many were forced...
Apartment prices rise
Fueled by fears of a continued rise in inflation, investors are aggressively bidding up apartment prices. Nationally, the average apartment cap rates stand at 5.1 percent, but that’s for closed transactions, according to John Chang,...
Tomorrow’s communities: everything as a concept
The pandemic put urban areas into a tailspin with workers fleeing office space and residents looking for more comfortable, remote living spaces. At the same time, the pandemic also created massive growth opportunities for some...
How to fix apartments
The apartments of 2030 will have to address the climate, housing, and public health crises we face. Here are six ways to do just that. Roughly 40.1 million Americans live in apartments. For many, they’re...
Proptech drives speed across all asset classes
Widespread adoption of proptech advances during the pandemic have dramatically increased transaction speed across all CRE property types, with multifamily assets leading the charge. Multifamily properties posted the sharpest decline in days-on-market, with average close...
Old-new tech provider in town
Tampa’s iApartments, armed with at least a $10 million investment, seeks to capture a niche in the smart home market by specializing in multifamily buildings. There was a time, not too long ago, when the...
Are your current proptech tools permanent? Three ways to evaluate
Proptech, or property technology, has been around since the 1980s. But, many people have only heard of the term proptech within the last five years. Why? Because these tech innovations have really just began...
Tech amenities drive occupancy
Senior living providers have found offering technology platforms to residents as an amenity is a driver in boosting occupancy, and the platforms are streamlining the workflows of employees. Residents, meanwhile, are now demanding a variety...
When Washington bureaucrats hold the reins of power
The Biden administration was in a box in late July. They desperately wanted to extend the Centers for Disease Control and Prevention’s controversial eviction moratorium. But the judicial writing was on the wall. They...
Multifamily mortgage originations rebound in Q2
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages were up when compared to quarter-earlier and to year-earlier levels. Multifamily mortgage lending recovers The first chart, below, shows the quarterly origination...
Plywood leads broad rise in construction materials prices
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2021. It showed that construction materials prices were up 0.6 percent in the month, seasonally adjusted. The index of materials...
Ginnie Mae extends submission deadline for issuer eligibility request for input
Ginnie Mae announced it will extend the comment period on its Request for Input (RFI) on Eligibility Requirements for Single-Family MBS Issuers by an additional 60 days. This extension recognizes the significance of and...
Job openings set new record in June
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for June. The report set a series record for the highest number of job openings, easily exceeding the...
Multifamily jobs markets soften in July
The latest Employment Situation Report from the Bureau of Labor Statistics shows that 3 out of the 4 jobs categories we track that are of interest to builders and operators of multifamily housing had...
Sponsored: The Grand Reopening: A New Wave of Renters is Coming
Waves on the beach aren’t the only thing making a splash this summer. There’s a surge of renters about to pack up and move to new apartments. A recent Apartments.com survey of over 35,000...
