Yardi Martix report shows decelerating rent growth
The Yardi Matrix monthly multifamily report for March was released this week. It shows, that while rents rose nationally in March, the rate of apartment rent growth is lower than it has been in...
The digital economy is now official
The Bureau of Economic Analysis, an agent of the U.S. Department of Commerce, in March released its first working paper assessing the economic value of the digital economy. While the government has reported on...
Seattle’s first in time law struck down
On March 30, a King County Superior Court judge ruled that Seattle's law requiring that landlords take on tenants on a first in time, first in line (FIT) basis violates the Washington State constitution. Seattle's...
It should be Facebook Friday the way the news has gone this week
It should be Facebook Friday the way the news has gone this week. Wall-to-wall tech in a week of non-stop news. However, I must address something of a sensitive nature, so I hope that...
Homelessness in LA
Homelessness is a problem in major cities across the country, but it is especially so in large cities like Los Angeles. The City and County of Los Angeles, and their voters, have taken steps...
Who is Katerra and why should you care?
Backed by over $1 billion in venture capital money, Katerra aims to become a disruptive presence in the multifamily construction industry. But where its disruptive power will be most keenly felt is not yet...
If you’re suffering from Facebook fatigue, let’s switch it up.
In a series of tweets this week, a web developer outlined exactly what the mega search giant knew about him dating back to 2008. IT specialist Dylan Curran downloaded both his Facebook and Google...
Who makes minimum wage?
The US Bureau of Labor Statistics recently released a report on the characteristics of minimum wage workers. The report focused on workers paid at hourly rates and looked at their wages when compared to...
Major increase in older Americans coming
As Yogi Berra said, “It's tough to make predictions, especially about the future.” In spite of this, the US Census Bureau has given it their best shot. Census recently released its projections for how...
Greetings from your 5 Bullet Friday guest host
Greetings from your 5 Bullet Friday guest host, Michael Rudy, editor-in-chief of Multihousing Pro. Linda is on assignment this week and I am sure that you join me in hoping that she will be...
Apartments dominate in naval air station redevelopment plan
Trammell Crow Residential and the city of Alameda, Calif. announced the first step of phase 1 of the redevelopment of Alameda Point. Thirty acres of a 68 acre parcel has been transfered from the...
Multifamily mortgage market growth continues
The Mortgage Banker's Association (MBA) released a report Tuesday on the commercial and multifamily mortgage markets. It showed that the level of multifamily mortgage debt outstanding grew to $1.26 trillion in 2017. This is...
How LIHTC rules affect rates of rent growth
A new report from Freddie Mac Multifamily examines the impact that federal affordable housing programs, such as the Low Income Housing Tax Credit (LIHTC), have had on rent growth over the last 6 years....
Why do people choose part-time jobs?
The Bureau of Labor Statistics (BLS) just released a report examining the reasons people choose part-time jobs. “Part-time jobs” are defined in the report to be any jobs where a person works 35 hours...
Census releases mixed report on multifamily construction
The Census Bureau, in conjunction with the Department of Housing and Urban Development (HUD), released its monthly new residential construction report for February, 2018. The report shows mixed results for multifamily housing with strong...
