Compound word for the day: self-awareness
Northern California, the startup cradle of the world, is replete with superhumans. If you doubt me, just ask them. To live here is to live in an alternative universe where luxury white buses line...
Construction materials prices edge higher in November
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.2 percent month-over-month in November on a seasonally adjusted basis. However, last month’s price...
Rents fall in September
The latest rent report from Apartment List shows that the national average rent growth turned negative in September. Rents fell 0.2 percent month-over-month but still rose 7.5 percent year-over-year. The month-over-month decline was only...
Payroll tax holiday begins Sept. 1
At the beginning of August, President Trump issued an executive order deferring certain payroll tax obligations. This was done in response to Congress refusing to include any type of payroll tax cut in its...
Upzoning coming to California
California Governor Newsom recently signed a series of bills seeking to address the shortage of housing in the state. The bills. SB-8, SB-9 and SB-10 give local governments additional authority to upzone for higher...
COVID impacts relocation plans
The COVID-19 pandemic and the changes it has caused in our lives are bound to have an impact on where people choose to live. A variety of sources have attempted to measure the impact...
Multifamily housing construction activity slows
The Census Bureau’s new residential construction report for September showed lower multifamily housing construction activity than in recent months.
Multifamily housing permits issuance declines
The number of permits issued for buildings with 5 or more units...
New privacy laws will affect California apartment owners
California has passed a consumer privacy law that will compel significant changes on companies that deal in personal data. Silicon Valley internet companies, tech companies, and many other stakeholders were involved in the negotiation...
California goes to war
It’s Friday as I report from my bunker here in Northern California. I’m afraid to venture out as things heat up on this side of the world. The state’s governor has informed us that...
Rent delinquencies rise in latest Pulse Survey
The “Week 45” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments has grown since we last reported on this survey.
What is the...
Multifamily construction spending continues slow rise
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in April was up 0.6 percent month-over-month. Spending on single-family continued to fall while spending on...
Multifamily construction spending weakens
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in October was down 0.2 percent from the revised level of the month before. Spending on...
Multifamily property prices flat in May
CoStar reported that its value-weighted index of multifamily property prices fell 15.3 percent year-over-year in May. However, this index was unchanged month-over-month.
The value-weighted index of non-multifamily commercial property rose by 0.6 percent, year-over-year, in...
Rent growth rate flat in May
The latest rent report from Apartment List shows that the national average monthly rent growth in May was a positive 0.5 percent, unchanged from last month’s increase. Year-over-year rent growth was 0.9 percent. Both...
Apartments no longer trickling down
As the nation’s builders naturally navigate toward projects that financially pencil, large-scale luxury properties have continued to boom. In fact, 87 percent of the large-scale communities under construction this year inside high-demand, tech-driven cities...
