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...
The Clean New Deal
A year or so ago we mentioned a start up by apartment veteran, Howard Behr. Wharton grad and world traveler, Behr spent a large part of his career perfecting the art of multifamily profitability...
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...
