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...
What happens to CRE prices as interest rates rise?
A recent report from Trepp seeks to answer this question by looking at the history of commercial real estate (CRE) price appreciation. The report examined data on price changes in different interest rate environments...
Multifamily construction spending steady as single-family falls
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in October was up 0.6 percent month-over-month. Spending on single-family fell for the 6th month in...
Job openings remain high in February
The February Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings and separations were nearly unchanged for the month while hires were...
Rent growth in winter freeze
Yardi Matrix reported that national average apartment rent growth was flat again in February with rents remaining unchanged from January’s revised level at $1,702 per month.
Year-over-year rent growth rates sliding
The national average asking apartment...
