NMHC identifies industry’s largest firms
The National Multifamily Housing Council (NMHC) released their 2021 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
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...
JOLT report: more people left jobs in February
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for February. It shows that the labor market took a step back in that month.
Looking at the churn
The...
Yardi Matrix reports rents rose in March
The latest rent report from Yardi Matrix sets a positive tone for rent growth for the country as-a-whole in 2021, with most markets returning to rent gains.
Rents rise again in March
Yardi Matrix reported that...
Jobs market growth resumes in March
The latest Employment Situation Report from the Bureau of Labor Statistics shows that employment growth resumed in jobs categories of interest to builders and operators of multifamily housing in March.
Total employment rises
The BLS reported...
Apartment investment environment improves in Q4
Freddie Mac recently released its Apartment Market Investment Index (AIMI) for Q4 2020. The national index was up 0.5 percent in the quarter and was 3.4 percent higher than its year-ago level, indicating an...
Rents jump in March
The latest rent report from Apartment List shows positive rent growth for the country as-a-whole and for 48 of the top 50 metro areas.
Rents rebound strongly in March
Apartment List reported that the national average...
Mixed reports on multifamily property prices in February
Recent reports from CoStar and from Real Capital Analytics (RCA) paint different pictures of short-term movements for multifamily property prices in February.
Defining the indices
The CoStar report focuses on a relative measure of property values...
Real estate investors look ahead
Realty Mogul recently polled nearly 1,000 real estate investors to assess their plans for the year ahead in light of the changes resulting from the pandemic and from the change in administrations in Washington.
Where...
Housing Supply and Affordability Act introduced in US Senate
Senator Amy Klobuchar (D-Minn.) introduced a bill March 23 that would provide funding to support the development and implementation of local plans to increase the supply of housing. This bill is designated SB902. It...
International investment in multifamily property falls during 2020
A new report from CBRE found that both the absolute dollar value of foreign investment in multifamily properties as well as foreign investment’s share of total investment fell during 2020.
Sizing up the deals
The CBRE...
GSEs increase share of multifamily mortgage debt again in Q4 2020
A Mortgage Bankers Association (MBA) report on multifamily and other commercial mortgage debt shows that the GSEs accounted for 96 percent of the increase in multifamily mortgage debt outstanding in Q4.
Unlike the MBA report...
Multifamily housing permit levels remain high in February
The Census Bureau released its monthly new residential construction report for February 2021. It reported that permits were strong, starts were moderate and completions were weak compared to the recent history of multifamily housing...
Rents continue upturn in February
The latest rent reports from Yardi Matrix and Apartment List show positive rent growth for the country as-a-whole in February.
Rents rise in February
Yardi Matrix reported that the national average apartment rent rose 0.2 percent...
Construction materials price rises spread in February
The Bureau of Labor Statistics (BLS) released its producer price index report for February 2021. It showed that the BLS price index of materials and components for construction was up 1.4 percent in the...
