BLS report shows mixed jobs market
This week, the Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover (JOLT) report for May. Its data on the parts of the jobs market of interest to the multifamily industry,...
DoE defines zero
The U.S. Department of Energy (DoE) has released a document defining what qualifies a building to be called “zero emissions”. The DoE states that they intend their definition to “support the buildings sector moving...
Census releases housing construction data for June 2019
The Census Bureau released its monthly new residential construction report for June 2019. The report shows a softening of multifamily housing construction activity.
Permits decline
The preliminary report for April shows that permits for buildings with...
Regulation and housing affordability discussed at PCBC
At the Pacific Coast Builder's Conference in San Francisco, Doug Bibby, President of NMHC, gave a talk about why rent control has become an issue, both in California with last year's Proposition 10, but...
BLS reports modest change in construction material prices
The Bureau of Labor Statistics (BLS) released its producer price index report for February 2020. It showed that overall prices for processed goods for intermediate demand fell by 0.9 percent, the second monthly drop...
The big news break up
The media world is shifting--again. First there was the internet and the print is dead campaign. News organizations feared the Internet, bloggers, independent news reporters, insiders-turned-news writers.
This month over 1,000 media jobs were lost as...
Employment growth slows in June
The Employment Situation Report from the Bureau of Labor Statistics reported that overall employment growth in June fell sharply from the gain initially reported for last month. In addition, employment growth for the previous...
Yardi reports steady rent growth
Yardi Matrix released its May report on the multifamily housing market, covering the market’s performance through April. The report describes a market with moderate year-over-year rent growth.
Still growing …
Yardi Matrix reported that the average...
DOJ sues RealPage over revenue management
On August 23, the U.S. Department of Justice, along with the Attorneys General of several states*, file an antitrust lawsuit against property management software maker RealPage. The suit alleges that the revenue management software...
Multifamily employment grows despite lower overall openings
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in July was 7.67 million. This was reported to be down 237,000...
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...
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...
Rents continue to trail last year’s levels
The latest rent report from Apartment List shows that the national median monthly rent growth in June was +0.4 percent. Year-over-year rent growth was -0.7 percent. Rents have now fallen on a year-over-year basis...
BLS reports solid jobs market data
This week, the Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover (JOLT) report for April. Its data on the parts of the job market of interest to the multifamily industry,...
SFR rent growth rate edges lower
CoreLogic reported that their single-family rent index (SFRI) for July rose 2.8 percent from its year-earlier level. This is down 0.1 percentage point from last month’s reported year-over-year SFR rent growth rate and is...
