Construction materials prices jump again in March
The Bureau of Labor Statistics (BLS) released its Producer Price Index report for March 2021. It showed that construction materials prices were up 2.4 percent in the month, seasonally adjusted. The index of materials...
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....
Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 2.7 percent in February from their level of the month before. This was the largest month-over-month decline...
Comparing urban and suburban apartment markets
RealPage recently held a webinar where they discussed the differences between the recent performance and the future prospects of the urban core apartment markets compared to the more suburban markets.
Inspiration for this webcast came...
Looking ahead to 2021
Both CBRE and Yardi Martix have recently issued reports which discussed the prospects for the multifamily housing market in 2021. This article describes some of the key take-aways from those reports.
The long view
Both reports...
Multifamily property values continue to rise
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continue to rise in September despite the pandemic.
Defining the indices
The CoStar report focuses on a relative measure of multifamily...
Plywood leads broad rise in construction materials prices
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2021. It showed that construction materials prices were up 0.6 percent in the month, seasonally adjusted. The index of materials...
Construction materials prices rises spread
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2021. It showed that construction materials prices were up 3.2 percent in the month, seasonally adjusted. The index was 20.4...
Construction materials prices continue to climb
The Bureau of Labor Statistics (BLS) released its producer price index report for January 2022. It showed that construction materials prices were up 2.9 percent in the month, seasonally adjusted. The index was 23.6...
Bumps in the road for Katerra
Ambitious construction startup Katerra has laid off 7 percent of its workforce as it shifts its focus from fleshing out its product offerings to becoming profitable. This is at least the fourth round of...
Construction materials prices continue to surge
The Bureau of Labor Statistics (BLS) released its producer price index report for May 2022. It stated that construction materials prices were up 1.1 percent in the month, seasonally adjusted. The index was 18.2...
Emergency Rental Assistance funds going out – slowly
A report by the U.S. Department of the Treasury states that, as of the end of July, approximately 24 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
California rent control – round 3?
A new rent control initiative, titled the Justice for Renters Act, has been cleared by the California Attorney General to begin the process of collecting enough signatures to qualify it for the ballot.
Update May...
Construction materials prices higher in January
The Bureau of Labor Statistics (BLS) released its producer price index report for January 2021. It showed that the BLS price index of materials and components for construction was up 1.5 percent from December,...
Fannie Mae forecasts a downturn in 2023
Fannie Mae’s April economic and housing forecasts anticipate that rising interest rates will cause the U.S. economy to contract in the second half of 2023. While this is expected to reduce the number of...
