Bridge highlights opportunities in Class B
A recent report from Jack Robinson, Managing Director of Research at Bridge Investment Group, focuses on value-add Class B multifamily properties as an investment class. It concludes that they provide an attractive and recession-resistant...
Google announces investment in housing
This week, Google announced that the company is committing $1 billion for housing in the Bay Area over the next 10 years. The outline Google’s announcement outlined its objectives but did not get into the specifics...
Census releases housing construction data for May 2019
The Census Bureau released its monthly new residential construction report for May 2019. The report shows continued strength in multifamily housing construction. Multifamily housing permits largely unchanged The preliminary report for May shows that permits for...
BLS reports solid jobs market data
This week, the Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover (JOLT) report for April. Its data on the parts of the job market of interest to the multifamily industry,...
Construction materials prices steady in May
The Bureau of Labor Statistics (BLS) released its producer price index report for May 2019. It showed that overall prices for processed goods for intermediate demand fell by 0.2 percent in the month. The...
Slower start to the rent growth season
Yardi Matrix released its May report on the multifamily housing market. The report describes a market with moderating year-over-year rent growth but still-solid occupancy numbers. Rents move upward more slowly Yardi Matrix reported that the average rent...
PCBC Innovators Speak
The Pacific Coast Builder's Conference was held in San Francisco May 29-31. In addition to a trade show where suppliers to the building industry can showcase their latest products, the conference included education sessions...
PCBC looks at the multifamily housing market
At the Pacific Coast Builder's Conference in San Francisco, Ryan Davis of Witten Advisors gave an overview of the state of the economy in general and of the multifamily housing market in particular. Highlights...
Regulation and housing affordability discussed at PCBC
At the Pacific Coast Builder's Conference in San Francisco, Doug Bibby, President of NMHC, gave a talk about why rent control has become an issue, both in California with last year's Proposition 10, but...
Yardi reports steady rent growth
Yardi Matrix released its May report on the multifamily housing market, covering the market’s performance through April. The report describes a market with moderate year-over-year rent growth. Still growing … Yardi Matrix reported that the average...
Census releases housing construction data for April 2019
The Census Bureau released its new monthly residential construction report for April 2019. The report shows relative strength in the three measures of multifamily housing construction activity that we track. Permits rise The preliminary report for April...
Construction materials prices steady in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April, 2019. It showed that overall prices for processed goods for intermediate demand fell by 0.1 percent in the month after...
RealPage delivers apartment market update
Greg Willet and Adam Couch of RealPage delivered their Spring Market Update webcast this week. In it they discussed the recent performance of the US apartment market and also looked ahead to what we...
Another rent control fight in California?
Michael Weinstein and his AIDS Healthcare Foundation (AHF), the driving force behind last year’s Proposition 10 rent control initiative in California, have announced that they intend to qualify a new rent control initiative for...
Census releases housing construction data for March 2019
The Census Bureau released its monthly new residential construction report for March 2019. The report shows a multifamily housing construction market with a strong level of completions but some weakness in the development pipeline. Note...
