Slowdown ahead for multifamily housing construction?
The Census Bureau released its monthly new residential construction report for October 2020. It shows continuing weakness for multifamily housing construction permits and starts but a high pace for completions of multifamily housing units.
Multifamily...
Looking ahead to 2021
Both CBRE and Yardi Martix have recently issued reports which discussed the prospects for the multifamily housing market in 2021. This article describes some of the key take-aways from those reports.
The long view
Both reports...
Construction materials prices up despite lumber price drop
The Bureau of Labor Statistics (BLS) released its producer price index report for October 2020. It showed that the BLS index of construction materials prices was up 0.2 percent from September, seasonally adjusted. It...
Multifamily outlook update for Fall 2020
Yardi Matrix recently presented their Fall 2020 Multifamily National Outlook webinar. It was a wide-ranging discussion of economic, medical, and cultural trends affecting multifamily housing. Jeff Adler, Vice President of Yardi Matrix was the...
Jobs coming back – slowly
Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for October and the Job Openings and Labor Turnover (JOLT) report for September....
No rent growth in October
A pair of reports, one from Yardi Matrix and one from Apartment List, track changes in rents charged across the country. One report shows rents remaining flat while the other shows rents declining for...
Rough times in NYC
Thousands of New York City apartment residents are not caught up on their rent. That hasn’t stopped building operations costs from coming due, even rising. The combination of rising costs and falling incomes is...
California voters reject rent control – again
Prop 21, the rent control measure put before California’s voters in the recent election, went down to defeat. While results are still preliminary at this point, nearly 60 percent of the ballots tabulated to...
Multifamily property values continue to rise
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continue to rise in September despite the pandemic.
Defining the indices
The CoStar report focuses on a relative measure of multifamily...
Multifamily mortgage market stabilizing
A pair of reports, one from the Mortgage Banker’s Association (MBA) and one from Trepp, indicate that the multifamily mortgage market is beginning to recover from the COVID-19 related shutdowns.
Multifamily mortgage lending resumes growth
The...
Assessing the state of the CRE market
DLA Piper, a global business law firm, recently released its annual State of the Market Survey, assessing the commercial property market. The survey was conducted among commercial real estate (CRE) executives in August and...
ULI talks housing
The Urban Land Institute (ULI) recently held their Virtual Fall Meeting. One of the many sessions presented there discussed the state of, and the prospects for, the housing industry. The presentation took the form...
No rent growth in September
Yardi Matrix released its September 2020 report on the multifamily rental housing market. The report shows a wide variation in rent growth results for different metro areas but flat rents for the country as...
A mixed report for multifamily housing construction
The Census Bureau released its monthly new residential construction report for September 2020. It shows weakness for permits and starts but a surge in completions of multifamily housing units.
Permits rebound mildly
The number of permits...
Lumber price surge drives construction material prices higher
The Bureau of Labor Statistics (BLS) released its producer price index report for September 2020. It showed that the BLS price index of materials and components for construction was up 2.1 percent from August,...
