Yardi Matrix: Rents edge higher in July
Yardi Matrix reported that the national average asking apartment rent was up $2 in July compared to the revised level of the month before at $1,754 per month. The national average year-over-year asking apartment rent growth...
The new opportunities in opportunity zones
The One Big Beautiful Bill Act's (OBBBA) recent revisions to the Opportunity Zone program have the potential to transform multifamily housing development in America's distressed communities. With the nation facing a shortage of 7.1...
Multifamily mortgage originations fall in Q2 despite overall rise
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations were down 35 percent year-over-year in Q2. This was the largest decline for the property types the MBA tracks, although hotel...
Multifamily CMBS delinquency rate rises
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) increased in July after 2 months of declines. It and industrial were the only property types to see their rates rise in...
Multifamily construction spending inches higher in June
The Census Bureau’s report on construction spending stated that the value of multifamily residential construction put in place in June rose slightly from the revised level of the month before. Spending on single-family residential...
Property manager jobs increase despite weak employment growth overall
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated employment grew in July, but this was aided by significant downward revisions in the reported employment levels for the prior 2 months....
BREEAM: a British import to consider
I was born in California but now reside in Texas. It makes me happy to tell people, “What happens in California doesn’t STAY in California.” This statement horrifies some people but holds true for...
Senate Banking Committee advances ROAD to Housing Act
On July 29, the Senate Committee on Banking, Housing, and Urban Affairs voted 24-0 vote to advance the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025. The landmark bipartisan legislation,...
National median rent nearly unchanged in July
The latest rent report from Apartment List shows that the national median monthly rent growth in July was 0.03 percent. Rents have now risen for 6 months in a row, but the rate of...
Job openings lower in June after May bump
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of total non-farm job openings in June fell to 7.44 million. Hiring was down for...
CoStar: multifamily property prices unchanged for the month
CoStar reported that its value-weighted index of multifamily property prices was unchanged month-over-month in June. This index was up 4.3 percent year-over-year.
MSCI Real Capital Analytics also recently reported that multifamily property prices were unchanged...
Share of renter households rises in Q2
The Census Bureau’s quarterly report on home ownership and occupancy for Q2 2025 stated that the rental housing vacancy rate was 7.0 percent, down 0.1 percentage points since last quarter’s report. This was the...
Multifamily starts forecasts revised lower
Revisions to Fannie Mae’s July housing forecast reduce the number of multifamily starts expected in 2025 and 2026 from those in last month’s forecast. Fannie Mae is now predicting 381,000 starts in 2025 with...
MSCI: Multifamily property prices break their fall in June
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were unchanged in June compared to the revised level of the month before. Prices were up 0.1 percent...
Congress considers the future of the HOME program
The HOME Investment Partnerships Program, the largest federal block grant dedicated to affordable housing, is at the center of an intense funding battle for FY 2026. With the Trump administration proposing to eliminate the...
