Multifamily property values rise, but not uniformly
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continued to increase through the end of 2020, despite the pandemic.
Defining the indices
The CoStar report focuses on a relative...
Census reports on vacancies
The latest Census Bureau report on housing vacancies shows that the rental housing vacancy rate in Q4 2020 was 6.5 percent, only 0.1 percent higher than the year-earlier rate.
Big picture view
The Census Bureau report...
California extends eviction moratorium
California Governor Newsom has signed into law Senate Bill 91 (SB-91), which extends the state’s eviction moratorium to June 30, 2021. The bill also creates the State Rental Assistance Program which will use funds...
Rent delinquencies continue to grow in January
The latest version of the Census Bureau’s Pulse Survey once again shows that an increasing portion of renters are falling behind on their rent payments.
Taking our pulse
The Pulse Survey is an experimental program that...
Another mixed report on multifamily housing construction in December
The Census Bureau released its new residential construction report for December 2020. It is the inverse of last month's report with a drop this month in multifamily housing construction permits and starts but a...
Construction materials prices edge higher as lumber rebounds
The Bureau of Labor Statistics (BLS) released its producer price index report for December 2020. It showed that the BLS price index of materials and components for construction was up 0.8 percent from November,...
RealPage presents 2021 market outlook
RealPage recently presented a webinar forecasting the likely trends for the multifamily housing market over the next two years. Presenters were Greg Willett, Chief Economist, and Adam Couch, Market Analyst.
The webinar spent significant time...
Rents fall in December
The latest rent reports from Yardi Matrix and Apartment List continue to show declining rents for the country as-a-whole. However, they both also show wide variations in results between different metro areas.
Rent slide continues...
Jobs market stalls at year-end
Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for December and the Job Openings and Labor Turnover (JOLT) report for November....
Rent delinquencies grow
The latest version of the Census Bureau’s Pulse Survey shows that a large and increasing portion of renters are behind on their rent payments.
Taking our pulse
The Pulse Survey is an experimental program that the...
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...
Fannie Mae updates 2021 and 2022 forecasts
Fannie Mae recently revised its economic outlook for 2021. The new forecast predicts significantly higher growth over the next two years than their last forecast from only one month ago. The economists at Fannie...
Mixed report on multifamily housing construction in November
The Census Bureau released its monthly new residential construction report for November 2020. It shows a pickup in multifamily housing construction permits and starts but a sharp fall in the rate of completions of...
Most new multifamily mortgage debt supplied by GSEs in Q3
A Mortgage Bankers Association (MBA) report on the level of outstanding commercial and multifamily mortgage debt shows that the GSE's increased their already dominant share of this debt in Q3.
The MBA reported that multifamily...
RealPage looks back at 2020
RealPage recently held a webinar where they took a look-back at 2020, reviewing the impacts of the pandemic on the multifamily housing market and on the broader economy. Presenting were Greg Willett, Chief Economist,...
