Construction still recovering from the housing bust
Last week, the Census Bureau released the 2016 County Business Patterns (CBP) report. The report shows that housing construction employment and the number of construction businesses are on the rise but neither has fully...
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...
Court keeps CDC eviction moratorium in place
On June 2, a ruling by a three judge panel of the U.S. Court of Appeals for the D.C. Circuit effectively kept the Centers for Disease Control’s (CDC) nationwide eviction moratorium in place despite...
President issues executive order to promote economic mobility
On Tuesday, President Trump issued an executive order requiring heads of federal government departments to assess what changes they can make, consistent with current law, to encourage economic mobility so people receiving assistance move...
Multifamily employment grows despite lower overall openings
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in July was 7.67 million. This was reported to be down 237,000...
Construction material prices up in May
The Bureau of Labor Statistics (BLS) released its Producer Price Index for May last week. It showed that overall prices for processed goods for intermediate demand were up 1.5 percent in May and they...
Rising employment reported for multifamily
The Employment Situation Report from the Bureau of Labor Statistics stated that employment in both residential construction and in apartment operations edged higher in November.
Economy continues to add jobs
The Bureau of Labor Statistics (BLS)...
Yardi and property managers sued over revenue management software
Property management software firm Yardi Systems was sued in the U.S. District Court for the Western District of Washington on September 8 over its revenue management software product, currently called Revenue IQ. The suit...
Fannie Mae updates 2021 and 2022 forecasts
Fannie Mae recently revised its economic outlook for 2021. The new forecast predicts significantly higher growth over the next two years than their last forecast from only one month ago. The economists at Fannie...
NAHB announces finalists for apartment and condo awards
Roof deck pools and lounges, stunning views, a focus on health and fitness and a friendly welcome for pets are some of the features that millennials and 55+ down-sizers are looking for in a multifamily community. The...
Measuring Multifamily LEED Certifications
A report by RentCafe examines the extent to which the multifamily housing industry has adopted energy efficiency in its buildings. It uses LEED (Leadership in Energy and Environmental Design) certification as the criterion for...
CDC issues new eviction ban extension
On August 3, the CDC issued a new extension to its moratorium on evictions. The latest extension is scheduled to run until October 3, 2021. While, the CDC had said that it expected that...
Jobs coming back – slowly
Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for October and the Job Openings and Labor Turnover (JOLT) report for September....
Construction materials prices higher despite lumber price drop
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2022. It stated that construction materials prices were up 0.3 percent in the month, seasonally adjusted. The index was 15.1...
Rent growth slows in July
The latest rent report from Apartment List shows that the national average monthly rent growth in July was 0.3 percent, down slightly from last month’s increase. Year-over-year rent growth was negative 0.7 percent. The...
