Rents continue to decline in May
Yardi Matrix released its May 2020 report on the multifamily rental housing market. The report shows that the COVID-19 induced softness in the market is continuing.
Rent growth drops
While the usual annual pattern is for...
Multifamily housing construction up in May
The Census Bureau released its monthly new residential construction report for May 2020. It shows the start of a rebound in multifamily housing construction.
Permits pick up
The number of permits issued for buildings with 5...
Rent collections higher in week 3
The NMHC rent tracker project has released its third reading on rent collections in the month of May. A total of 90.8 percent of residents had made a payment by May 20, 2020. This...
ULI presents real estate economic forecast
The forecast presented was the median of the forecasts of 39 economists surveyed by ULI. It estimates of how key real estate related economic measures are expected to change over the next three years.
What...
Multifamily housing construction down in April
The Census Bureau released its monthly new residential construction report for April 2020. It shows reduced activity at all stages of multifamily housing construction.
Permits fall
The number of permits issued for buildings with 5 or...
COVID-19 hits jobs
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for March. It is the first report to cover a period of time when the reaction to the...
May rent collections running ahead of last month’s rate
The NMHC rent tracker project has released its second reading on rent collections in the month of May. A total of 87.7 percent of residents had made a payment by May 13, 2020. This...
Construction material prices fall in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2020. It showed that overall prices for processed goods for intermediate demand fell by 3.7 percent, the fourth monthly drop...
Rents fall in April
Yardi Matrix released its April 2020 report on the multifamily housing market. This report begins to reflect the rapid changes to the market that have been occurring since the breakout of the COVID-19 epidemic...
Rent collections off to good start in May
The NMHC rent tracker project has released its first reading on rent collections in the month of May. It found that 2.2 percent more of residents have made a rent payment through May 6...
CoStar reports on commercial property values
CoStar recently released a report on the change in value of commercial property in the United States. It says that multifamily property values continue to increase faster than those of other commercial property types.
A...
COVID-19 and multifamily: an update
On May 6, Yardi Matrix hosted a webinar on the impact of the COVID-19-related shutdown on the economy and its effect on multifamily housing. This article focuses on the multifamily-specific portion of the presentation.
A...
Builder confidence in the 55+ housing market plunges
Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter of 2020, according to the National Association of Home Builders' 55+ Housing Market Index released recently. This is the...
New norms in a post-virus world
Institutional Property Advisors recently held a webinar to discuss how the new norms resulting from the COVID-19 epidemic would affect the behavior of residents and investors. Participating in the webinar were Lilli Dunn, president...
Rent collections report for April, week 3
As part of its project to track rent payments being made during the corona virus shutdown, NMHC reported that an additional 5 percent of renters made at least a partial payment of their April...
