Fannie Mae releases April economic forecast
Fannie Mae recently released their reading on the economy for April, along with an economic forecast for key indicators through the end of 2020. Recent headwinds Fannie noted a number of recent negative factors weighing on...
Census releases detailed population growth estimates
This week, the Census Bureau released its population growth estimates for 2018 broken down by local geographical units. Data is available for each county in the country as well as for the 390 metropolitan...
Rent control update
While California’s rent control measure, Proposition 10, lost big at the ballot box last year, the push to impose rent control continues. Here’s what’s been going on: California Assembly Bill 36, which allows rent control to...
Measuring multifamily housing affordability
Apartment List has published a report on multifamily housing affordability. It looks at how well a family making median household income in the country's 100 largest cities can afford to pay the median apartment...
Construction materials prices steady in March
The Bureau of Labor Statistics (BLS) released its producer price index report for March, 2019. It showed that overall prices for processed goods for intermediate demand rose by 0.6 percent from February after rising...
BLS reports mixed jobs market data
This week, the Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover (JOLT) report for February. Its data on the parts of the job market of interest to the multifamily industry,...
Report says multifamily rental market healthy
Yardi Matrix released its March report on the multifamily housing market. The report describes a market with healthy year-over-year rent growth and solid occupancy numbers. Still growing … Yardi Matrix reported that the average rent nationwide...
MBA report shows growth for multifamily mortgages
The recently issued Commercial/Multifamily Quarterly Databook from the Mortgage Bankers Association (MBA) shows continued strength in originations of multifamily mortgages and growth in the total level of multifamily mortgage debt outstanding. MBA looks at the...
California’s race to build housing
California is a fascinating study of politics, housing and galvanized activism. It’s been said that as California goes, so goes the nation. But not always. And hopefully not in the way of a vanishing...
Freddie Mac on rent burden
A new report from Freddie Mac examines data on the 50 top metropolitan areas in the country to determine in which metros renters experience the greatest rent burden. It does this largely by aggregating...
Census reports on rental vacancy rates
The Census Bureau recently released its report on annual housing vacancies. The report looks at vacancies for both units owned as rentals and units owned for owner occupancy. While it does not separate out...
Measuring Multifamily LEED Certifications
A report by RentCafe examines the extent to which the multifamily housing industry has adopted energy efficiency in its buildings. It uses LEED (Leadership in Energy and Environmental Design) certification as the criterion for...
Another view of rent growth
Apartment List has issued their rent growth report for April, 2019. It shows a slower rate of rent growth in the 12 months to March, 2019 than in the equivalent period in the prior...
Facebook charged under Fair Housing Act
Following up on a complaint filed last August, the Department of Housing and Urban Development (HUD) filed charges against Facebook on March 28, 2019. The charges allege that Facebook’s practice of allowing advertisers to...
Is rent control coming to Illinois?
For now, a state-wide prohibition on rent control remains the law of the land in Illinois. However, the election of a new governor, Democrat Jay Pritzker, who has expressed support for implementing rent control...