Fannie Mae forecasts a slowing economy
Fannie Mae’s latest economic forecast calls for lower GDP growth and higher inflation in 2022 than in earlier forecasts. Their new housing forecast predicts multifamily housing starts to be higher in 2022 but lower...
The digital economy is now official
The Bureau of Economic Analysis, an agent of the U.S. Department of Commerce, in March released its first working paper assessing the economic value of the digital economy. While the government has reported on...
Multifamily property price slide accelerates
CoStar reported that its value-weighted index of multifamily property prices fell 1.4 percent month-over-month in January 2024, the fifth decline in a row and the 16th decline in the last 18 months. This index...
Multifamily starts rebound
The Census Bureau’s new residential construction report stated that, after falling to the lowest level since April 2020 last month, multifamily starts rebounded to the highest level in a year in December. However, both...
Multifamily residential construction spending steady in August
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in August was up 0.4 percent month-over-month despite overall residential construction spending falling by 1.0 percent.
Multifamily...
Fannie Mae forecasts later recession
Fannie Mae’s March economic and housing forecasts shift the timing of the expected recession to later in 2023 than predicted in recent forecasts. This change in outlook ripples through their forecasts for other economic...
Construction materials prices higher again in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2021. It showed that construction materials prices were up 2.1 percent in the month, seasonally adjusted. The construction materials price...
Freddie looks ahead
The Federal Home Loan Mortgage Corporation’s (Freddie Mac) Multifamily Research Center recently issued a report entitled “Multifamily 2019 Outlook”. The report forecasts continued strength in the multifamily property market for the remainder of this...
Marcus and Millichap looks ahead to 2019
Marcus and Millichap (M&M) recently released their 2019 Multifamily North American Investment Forecast report. It expands on the webinar they presented two months ago. While this report covers the usual operational factors like rent...
Multifamily jobs numbers edge higher
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the numbers of residential construction jobs and of apartment operations jobs both rose for the month, but not all multifamily jobs...
Rent Tracker finds lower rent payment rate in early July
NMHC reported that 76.5 percent of renters had made at least a partial rent payment for the month of July by the 6th of the month. The Rent Payment Tracker also found that 95.6...
Job openings trend lower in February
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in February was 7.57 million. Job openings in construction were up for...
Tracking rental cost burden
A recent report by the website, apartmentlist.com, contains good news and bad news on the affordability of rental housing. The bad news is that many renters are rental cost burdened. The good news is...
Census releases mixed report on multifamily construction
The Census Bureau, in conjunction with the Department of Housing and Urban Development (HUD), released its monthly new residential construction report for February, 2018. The report shows mixed results for multifamily housing with strong...
CDC eviction moratorium back at Supreme Court – overturned
Update: On August 26, the Supreme Court lifted the stay on Judge Friedrich's order, meaning that the CDC's eviction moratorium may no longer be imposed nationwide. The vote was 6-3 with Justices Breyer, Sotomayor...
