Construction material prices steady in July
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2019. It showed that overall prices for processed goods for intermediate demand rose by 0.2 percent in the month. However,...
Oregon revamps its housing laws
The governor of Oregon is expected to sign into law several bills to address housing issues in the state. Two bills, HB 2001 and HB 2003 have the potential to transform Oregon’s neighborhoods. Eliminating single-family...
BLS reports mixed results for jobs
This week, the Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover (JOLT) report for June. Its data on the parts of the jobs market of interest to the multifamily industry,...
Assessing the impact of New York’s rent control law
A pair of recent reports from Yardi Matrix and from the National Apartment Association (NAA) focus on the impact of New York’s recently enacted rent control law on the ownership and operation of the...
RealPage presents apartment market update
This week, RealPage presented its quarterly national multifamily housing market update webcast. It described a market with strong demand for multifamily housing and moderate rent growth. Demand surges Reports issued earlier this year from other sources...
Census turns a spotlight on housing
A series of reports from the Census Bureau, give a snapshot of the current state of housing in the United States. Construction A report on new residential construction shows strength in the multifamily housing industry, especially...
RealPage applies AI to resident screening
At RealWorld 2019, RealPage introduced its first application of artificial intelligence/machine learning (AI) to its product line. The function that they chose for this purpose is resident screening. Expanding the view RealPage says that traditional resident...
REAC program update at RealWorld
RealPage held its RealWorld user's group meeting in Orlando, Florida recently. In addition to sessions discussing RealPage's products, they also held sessions presenting information of interest to the industry in general. One such session...
Yardi reports a pick-up in rent growth
Yardi Matrix released its June report on the multifamily housing market. The report describes a market with healthy year-over-year rent growth and solid occupancy numbers. Rents edge upward Yardi Matrix reported that the average rent nationwide...
Census releases housing construction data for June 2019
The Census Bureau released its monthly new residential construction report for June 2019. The report shows a softening of multifamily housing construction activity. Permits decline The preliminary report for April shows that permits for buildings with...
Construction materials prices largely steady in June
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2019. It showed that overall prices for processed goods for intermediate demand fell by 1.1 percent in the month. The...
The future of apartment tech
At NAA’s recent Apartmentalize conference in Denver, the future of apartment tech was the subject of several of the educational session. Here is a summary of some of what was presented. Setting a focus The Apartmentalize...
BLS report shows mixed jobs market
This week, the Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover (JOLT) report for May. Its data on the parts of the jobs market of interest to the multifamily industry,...
So, what happened to SB50?
In recent years, it has become conventional wisdom that a way to provide much-needed housing in metropolitan areas is to allow denser development, particularly near transit corridors and employment hubs. Yet California’s Senate Bill...
Apartment Market Update
Two new reports on the state of the multifamily housing market in June have been released. The reports by Apartment List and by RealPage both show a healthy market, but they differ in their...
