Sunday, March 9, 2025

PRO Blog

Growth through high density housing

An organization called Up For Growth has issued a report on housing underproduction in the U.S. along with their proposed approach for addressing the problem. Primarily, the group calls for easing restrictions on development...

Micro-units remain big for some apartment developers

If you think micro-units have had their 15 minutes of fame, think again. Think tanks, policy makers and apartment notables are looking at high-density multifamily housing as a viable solution to the affordable housing...
Justice

Seattle to appeal rejection of first-in-time law

The Seattle Times reports that Seattle City Attorney Pete Holmes will appeal the ruling which declared the city's first-in-time, first-in-line renter protection law to be unconstitutional. Holmes filed a notice of appeal directly with...

SALT, sanctuary and rent control, oh my

Fast five facts on the state of California California has the nation’s highest income tax rates, topping out at 13.3 percent of taxable income (SALT=state and local tax). California depends on those taxes for 70 percent...

Affordable housing dies a slow death in California

The activists are restless in California. This past week The Wall Street Journal broke the news that the required threshold of signatures has been achieved to add rent control to the next ballot. The signatures...
making money

Top 10 markets for multifamily pay and for job growth

The Census Bureau released the 2016 County Business Patterns (CBP) report on April 19. Using data from this report and from the 2015 CBP report allowed us to identify the metro areas with the...
workers

Top 50 metros for multifamily employment

The 2016 County Business Patterns (CBP) report was recently released by the Census Bureau. A dive into the report's data reveals the metro areas with the highest levels of multifamily employment in the housing industry. The...

I heart Mike Rowe

Honest. Straight up. Tells it like it is. Wendy Broffman, MHP correspondent, just wrapped up our interview with Mike Rowe, skilled trade genius and master of all-things common sense. A graduate of Hard Work...
construction

Construction still recovering from the housing bust

Last week, the Census Bureau released the 2016 County Business Patterns (CBP) report. The report shows that housing construction employment and the number of construction businesses are on the rise but neither has fully...
lessor

Multifamily employment and businesses growing

Last week, the Census Bureau released the 2016 County Business Patterns (CBP) report. Comparing this report to those from prior years paints a picture of growing multifamily employment and increasing pay. A snapshot of American...
smart apt

My report from the future

It’s the age of the vanishing. Vanishing keys. Vanishing remotes. Vanishing light switches. Just what else will vanish as voice control takes over in the form of Amazon Echo and other similar systems? Even...

ULI presents real estate economic forecast

Wednesday, the Urban Land Institute (ULI) presented its most recent semi-annual real estate economic forecast, which extends through 2020. The ULI forecast is based on the median of the forecasts of 48 economists or...
construction jobs

BLS data show churn in construction jobs

On Friday, the Bureau of Labor Statistics (BLS) released its report on job openings and labor turnover for February. As reported elsewhere, the headline report showed little change from the prior month for the...

A drop in the bucket

This week another spammer-scammer was sentenced for stealing your data. He'll be off to federal work camp for 17 months starting next month to serve his time. A drop in the bucket. Let’s run a...
construction

Census releases multifamily construction data for March, 2018

The Census Bureau, in conjunction with the Department of Housing and Urban Development (HUD), released its monthly new residential construction report for March, 2018. The report shows strength for multifamily housing with solid results...
Yield PRO