Friday, April 18, 2025

PRO Blog

millennials

Measuring Millennials

Pew Research recently released a study of Millennials as young adults (aged 25 to 37) and compared their characteristics to the traits of the generations that came before them when they were the same...

Virginia passes tenant protections

Governor Ralph Northam of Virginia recently signed a number of measures designed to increase tenant protections in the state. Several other bills with the same goal have passed the legislature and are awaiting action...

RentCafe sees boom in older renters

A new report from RentCafe looks at the changing demographics of the renting population in the United States. It concludes that renters over the age of 60 are the fastest growing portion of the...

Studying transit oriented development

A recently released study on the impact on new housing construction of zoning changes allowing higher density development near transit stations in the city of Chicago is generating a lot of discussion in the...

Assessing and addressing California’s housing needs

Governor Newsom of California recently made waves when his administration sued the city of Huntington Beach over its failure to meet state mandates for housing production. A new report from Next 10, a nonpartisan...
multifamily housing construction

Census releases housing construction data for December

The Census Bureau released its monthly new residential construction report for December, 2018. The report shows a softening in multifamily housing construction. The report was released much later than usual due to the recent...
Millennials

Losing Millennials

Millennials are sometimes seen as the “forever renter” generation. Their high levels of student loan debt, their late age for getting married and starting families and their preference spending their money on experiences rather...
New York City

De Blazsio takes on landlords

Mayor Bill de Blasio of New York City has been in the news recently with comments he has made about bad landlords and his plan for an Office to Protect Tenants to deal with...
single-family rentals

Should multifamily operators also own single family rentals?

A recent report by John Burns Real Estate Consulting asserts that single-family rentals should be part of any multifamily rental property portfolio. It suggests that owning purpose-built single-family communities are the best way to...
rebar

Construction materials prices moderate in January

The Bureau of Labor Statistics (BLS) released its producer price index report for January, 2019. It showed that overall prices for processed goods for intermediate demand fell by 1.4 percent from December, largely driven...
Heat pump

Getting to the carbon-free future

A new report seeks to build support for eliminating the use of fossil fuels within buildings in California. In the wake of the introduction of the “Green New Deal” (GND) at the national level, a...

Jobs markets show strength

The Job Openings and Labor Turnover (JOLT) report for December was released by the Bureau of Labor Statistics (BLS) Tuesday. Its data on the parts of the job market of interest to the multifamily...

HUD and NYCHA reach agreement – again

On January 31, HUD Secretary Ben Carson announced an agreement to resolve problems at the New York City Housing Authority’s properties. In addition to HUD and the New York City Housing Authority (NYCHA), parties...
apartments

Steady as she goes for the multifamily housing market

Yardi Matrix released its January report on the multifamily housing market. The report describes a market with healthy year-over-year rent growth. Waiting for spring Yardi Matrix reported that the average rent nationwide was $1420 in January,...

Brookings analyzes migration

A recent report from the Brookings Institution compares and contrasts recent migration patterns for young adults and for seniors using data from the Census Bureau’s American Community Survey. Millennials on the move The report found that...
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