Lumber drives construction material prices higher again
The Bureau of Labor Statistics (BLS) released its producer price index report for August 2020. It showed that the BLS price index of materials and components for construction was up 0.9 percent from July,...
Residential construction spending reported down in October
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in October was down 0.5 percent from the revised level of the month before. However, spending was...
Multifamily housing construction activity higher in November
The Census Bureau’s new residential construction report for November showed higher multifamily housing construction activity than in recent months in all three measures that we track.
Multifamily housing permits edge higher
The number of permits issued...
April rent growth lags prior years
The latest rent report from Apartment List shows that the national average monthly rent growth in April was a positive 0.5 percent, down 0.1 percentage point from last month’s increase. It was the third...
Multifamily starts slowdown forecast to come later
Fannie Mae’s September economic and housing forecast predicts higher multifamily starts in 2023 but lower multifamily starts in 2024 than called for in last month’s forecast.
Multifamily starts expected to slow - later
The current forecast...
BLS looks at housing leases
In October 2020, the Bureau of Labor Statistics (BLS) added two questions about housing leases to the survey used to determine the consumer price index (CPI). The questions asked about the origination date of...
Trends in multifamily housing design
Last week, Humphreys and Partners, Architects (H&P) held their kick-off webinar for 2019. It included presentations on the state of the market by Doug Bibby of NMHC and Carl Whitaker of RealPage. It also...
Census turns a spotlight on housing
A series of reports from the Census Bureau, give a snapshot of the current state of housing in the United States.
Construction
A report on new residential construction shows strength in the multifamily housing industry, especially...
Rent growth rate slips slightly in Yardi Matrix survey
Yardi Matrix reported that the national average apartment rent rose $15 in April to $1,659 per month as rent growth declined slightly.
Rents growth rate still high but declining
The national average apartment rent was up...
Multifamily CMBS delinquency rate edges higher
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose again in September, but only by 3 basis points basis points. This comes after four months where multifamily delinquencies increased by...
Construction materials prices move lower in December
The December producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.3 percent in the month, seasonally adjusted, the fourth monthly decline in a row....
Homelessness in LA
Homelessness is a problem in major cities across the country, but it is especially so in large cities like Los Angeles. The City and County of Los Angeles, and their voters, have taken steps...
Fed forecasts higher interest rates, slower growth ahead
While the big news coming out of the recent meeting of the Federal Open Market Committee (FOMC) was their decision to raise the Fed Funds rate by another half point, the Federal Reserve also...
Multifamily property prices again lead decline
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.9 percent in December from their level of the month before. For the second month in succession,...
CMBS delinquencies rise on large loan problems
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher in October, rising 79 basis point. However, the size of this increase was due to one large single-asset, single-borrower apartment...
