Affordable housing dies a slow death in California
The activists are restless in California. This past week The Wall Street Journal broke the news that the required threshold of signatures has been achieved to add rent control to the next ballot. The signatures...
ESG hits U.S. legal speedbumps
ESG (environmental, social, governance) is now a significant part of the U.S. rental landscape in the form of lending programs, energy efficiency certifications and a growing number of diversity, equity and inclusion (DEI) departments...
App fatigue and the future of IoT
Doorbell. Lights. Security cams. Garage door. Home cloud. Everything entertainment. Neighborhood watch. I'm only getting started. Sure, there's Echo or other hubs—big promise, little action.
While I like the gamification of remembering the many parts...
Things that matter: words
The former pro wrestler, Tyrus, who is partly of African-American descent, tells a story from his high school days of being annoyed by a boy who wore a shirt with an image of the...
Fannie Mae sees lower multifamily starts as inflation persists
Fannie Mae’s April economic forecast calls for multifamily housing starts to decline modestly through the end of 2025. Single-family housing starts are expected to rise but at a lower rate than predicted last month.
Fannie...
Weather insurance rates on the rise
Yardi Matrix has released a research bulletin describing changes coming to the weather damage insurance market, and to insurance rates, for commercial property in response to recent storms.
Where the damages are
The report notes 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....
HUD launches the Detroit EnVision Center
HUD secretary, Dr. Ben Carson, has made his department's measure of success the number of those who progress beyond needing assistance rather than the number of people who are being assisted. He has proposed...
Multifamily CMBS delinquency rate lower in February
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in February, falling 10 basis points.
Overall CBMS delinquency rate declines
For delinquencies, Trepp focuses on loans that are 30 or more...
Construction materials price rises moderate
The Bureau of Labor Statistics (BLS) released its producer price index report for September 2019. It showed that overall prices for processed goods for intermediate demand fell by 0.4 percent in the month. The...
Rent delinquencies edge higher in latest Pulse Survey
The “Week 57” edition of the Census Bureau’s Pulse Survey shows that the portion of renters with rent delinquencies rose to 13.8 percent, up from the 13.1 percent reported in the "Week 56" survey...
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...
Multifamily mortgage originations down year-over-year in Q1
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages were down in Q1 compared to the same quarter in 2020.
Multifamily mortgage lending down
The first chart, below, shows the quarterly...
Census releases housing construction data for April 2019
The Census Bureau released its new monthly residential construction report for April 2019. The report shows relative strength in the three measures of multifamily housing construction activity that we track.
Permits rise
The preliminary report for April...
CoStar reports multifamily property prices still rising
A new report from CoStar says that the rate of growth in multifamily property prices declined in February while the prices of other commercial property actually fell month-over-month.
CCRSI defined
The CoStar report focuses on a...
