Tuesday, December 17, 2024

Western region

Which multifamily market will see the highest rent growth in 2025?

Moody’s Analytics associate director and economist Nick Villa gazes into his crystal ball to determine which markets will see the highest apartment rent growth in 2025.He leans on Moody’s Q3 2024 Preliminary...
California rent control on the ballot

Rent control fails (again) in California

Proposition 33, the latest attempt to open the door to rent control in California, went down to defeat Tuesday. It was supported by only 38.4 percent of the voters compared to the 61.6 percent...
vote to overturn Costa Hawkins and allow rent control

Poll shows Californians evenly divided on rent control

In November, Californians will go to the polls for the third time in 6 years to decide whether to repeal the Costa Hawkins Act, which limits the ability of local governments to impose rent...
Stricter land-use regulations force builders to spread their efforts over a large number of relatively small projects, limiting the number of homes they’re able to build. This, in turn, limits their ability to invest in better homebuilding technology or otherwise take advantage of economies of scale.

Is land-use regulation holding back construction productivity?

Ed Glaeser is perhaps the pre-eminent urban economist working today, and I’ve cited his work repeatedly when looking at land-use restrictions and burdens on new development. So I was very interested to see he’s coauthored...

“Sitting empty:” Vast expanse of federal land eyed for new housing

The White House and the Republican National Committee agree on one thing at least: The sale of surplus federal land could help alleviate a crushing shortage of affordable housing. Proposals to sell federal land to...

Apartment market fundamentals stabilized in July, reports RealPage

According to data from RealPage Analytics, apartment fundamentals stabilized in July. Rent growth and occupancy remained relatively steady during the month. National occupancy was 94.2 percent for the third straight month, which...
Rents fall behind inflation

Rents fall behind inflation

Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (September 2021:...

Apartment occupancy holds steady amid historic supply

Apartment occupancy held steady in May, marking the seventh straight month in which occupancy remained at or above 94.1 percent. Rent change fundamentals also remained steady, solidifying the idea that the nation...

L.A. reports 50,000 unpaid rent notices

Nearly 50,000 eviction notices were filed between February and August in Los Angeles, according to City Controller Kenneth Mejia, chief accounting officer for the city. The data was recently made available via a new data...
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