Senior housing occupancy up in Q4
An NIC Map Vision summary of the fundamentals of the senior housing industry reports that key metrics are still well below pre-pandemic levels, but trends are positive. Segmenting the market The senior housing market is highly...
Rent growth falls in December
Yardi Matrix reported that national average apartment rent growth turned negative in December with rents falling $4 from November’s revised level to $1,715 per month. YoY rent growth rate slide continues The national average asking apartment...
CoStar reports falling multifamily property prices
CoStar reported that its value-weighted index of multifamily property prices was down 1.4 percent month-over-month in November, the fifth monthly decline in a row. However, this index was still up 6.1 percent year-over-year. The value-weighted...
Job openings remain high in November
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings at the end of November was 10.46 million, up from the preliminary...
Rents fall in December
The latest rent report from Apartment List shows that the national average rent growth in December remained negative for the fourth consecutive month. Rents fell 0.8 percent month-over-month. Year-over-year rent growth was 3.9 percent,...
Multifamily property prices lead decline
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.1 percent in November from their level of the month before. This was the largest month-over-month decline...
Multifamily construction starts continue to outpace completions
The Census Bureau’s new residential construction report for November stated that the number of multifamily construction permits issued was down from its recent very high levels but that starts and completions both rose for...
Fannie Mae lowers multifamily housing starts forecast
Fannie Mae’s December economic and housing forecasts predict a larger decline in multifamily housing starts over the next two years than in earlier forecasts. The single-family housing starts forecast was revised higher for 2023...
Stop Wall Street Landlords Act introduced
Three California Democrats have introduced Federal legislation intended to discourage corporate ownership of single-family rental housing by changing tax law to make such ownership unprofitable. The bill, designated House Resolution 9246, is sponsored by...
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...
Banks increase holdings of multifamily mortgage debt in Q3
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt holdings shows that banks and thrifts again had by far the largest net increase in multifamily mortgage holdings in Q3 2022. The MBA...
Rent growth turns negative in November
Yardi Matrix reported that national average apartment rent growth turned negative in November with rents falling $9 from October’s revised level to $1,719 per month. YoY rent growth rate slide continues The national average asking apartment...
Construction materials prices continue to fall
The November producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.2 percent in the month, seasonally adjusted, the third monthly decline in a row....
Yardi Matrix updates rent growth forecast
A research brief from Yardi Matrix projects that the national average asking rent growth in 2022 will reach 7.6 percent, up from their previous estimate of 6.9 percent. However, their rent growth forecast for...
Commercial property loan delinquencies under watch
A pair of reports, one from Trepp and one from the Mortgage Bankers Association (MBA) show that delinquency rates for commercial mortgages are generally low. However, delinquencies rates are rising for certain categories of...
