ULI economic forecast sees improvement
The Urban Land Institute (ULI) recently released its biannual economic forecast. It has a more positive outlook for the economy and for the multifamily housing industry than did their last forecast of 6 months...
Rent delinquencies continue to fall in May Pulse survey
The week 29 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are current on their rent payments is up since we last reported on the survey results.
What is...
Multifamily housing construction continues strong in April
The Census Bureau released its monthly new residential construction report for April 2021. It reported that permits, starts and completions all remained at high levels.
Multifamily housing construction permits remain strong
The number of permits issued...
Construction materials prices higher again in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2021. It showed that construction materials prices were up 2.1 percent in the month, seasonally adjusted. The construction materials price...
Multifamily mortgage originations down year-over-year in Q1
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages were down in Q1 compared to the same quarter in 2020.
Multifamily mortgage lending down
The first chart, below, shows the quarterly...
Job openings up in March
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for March. It shows that the labor market rebounded from a rocky February to return to job growth.
Defining...
Rents jump in April
The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in April.
Rents up strongly
Yardi Matrix reported that the national average apartment rent rose $10 in...
Jobs market growth disappoints in April
The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing eked out employment gains in April.
Growth in total employment slows
The...
Residential construction spending mixed in March
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.7 percent from February’s level despite a small drop in the multifamily category....
CDC eviction ban struck down nationwide
On May 5, federal judge Dabney Friedrich ruled in the case of Alabama Association of Realtors v. U.S. Department of Health and Human Services that the CDC cannot enforce its eviction moratorium. Unlike previous...
CBRE sees positives for multifamily housing market
CBRE recently released its report on the state of the multifamily housing market in Q1 2021. It found that the market stabilized after a challenging 2020.
Operations turn the corner
CBRE reported that rents rose 0.4...
Multifamily property prices see gains in Q1
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property prices rose in the year to March.
Defining the indices
The CoStar report focuses on a relative measure of property prices called...
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...
Report shows occupancy losses hit urban core
A recent study by Yardi Matrix examined occupancy results over the past 12 months from 78,000 properties representing 14.4 million units. It found that occupancy declines over the past year are severe in some...
March was a blowout month for multifamily housing construction
The Census Bureau released its monthly new residential construction report for March 2021. It reported that multifamily housing permits, starts and completions were all strong.
Multifamily housing construction permits down but up
The number of permits...
