Multifamily jobs up in December
The latest Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the numbers of both residential construction jobs and apartment operations jobs were both up for the month. However, this report...
Our nation is changing
The pace is like at no other time in history. And here we are—apartment operators—at the center of it all.
As the multifamily housing industry, a significant part of the nation's largest engine of GDP, begins...
BLS data show churn in construction jobs
On Friday, the Bureau of Labor Statistics (BLS) released its report on job openings and labor turnover for February. As reported elsewhere, the headline report showed little change from the prior month for the...
CBRE looks at cap rate trends
CBRE released its semiannual cap rate survey for H1 2022. It found that investors expect cap rates to expand in light of rising interest rates. Survey participants also expect lending standards to tighten in...
BLS reports solid employment growth
The October Employment Situation Report from the Bureau of Labor Statistics stated that employment growth was positive for the month in all 4 multifamily-related job categories we track. In addition, the prior month’s employment...
Yardi Matrix reports on rent growth
Yardi Matrix released its March 2020 report on the multifamily housing market. The report largely captures the state of the market shortly before the onset of the COVID-19 virus and the extraordinary reactions that...
Residential construction spending up in November
The Census Bureau’s report on residential construction spending for November shows a 2.7 percent increase from October’s level. Overall construction spending was up 0.9 percent for the month and was 3.8 percent higher than...
Choose courage
(photo) Former Oklahoma Governor Frank Keating and MHP Publisher Linda Hoffman at Tusker's Roadhouse in Cleveland, Ohio, in July. Keating sits on the executive committee of the Ronald J. Terwilliger Foundation for Housing America's...
Census reports occupancy shifts since pandemic
The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate rose from 6.6 percent to 6.8 percent over the past year even as the...
MSCI: Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.0 percent from their level of the month before in February. This is much faster than last...
Construction materials prices lower as lumber falls
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2020. It showed that the BLS price index of materials and components for construction was down 0.3 percent from October,...
Commercial property prices hit new high
New reports from CoStar and from Real Capital Analytics (RCA) state that commercial real estate prices reached an all-time high in November, with multifamily property prices showing strong year-over-year gains.
Indexes defined
The CoStar report focuses...
Multifamily property prices rise at record rate
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 16.8 percent year-over-year through October. This is the highest rate ever seen in their data set, which goes back to...
SFR rent growth returns to pre-pandemic levels
CoreLogic reported that their single-family rent index (SFRI) for September rose 2.6 percent from its year-earlier level. This is down from the 2.9 percent year-over-year rent growth reported last month. September marks 17 months...
Census reports improving multifamily construction figures for December
The Census Bureau’s new residential construction report for December showed a rebounding multifamily housing construction business, with multifamily construction permits, starts and completions numbers all rising from the levels reported last month.
The number of...
