Things to watch, what to know, in your apartment operation
Tag: Apartment Watch
Job openings rise in December
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in December...
2023 Builders’ Show draws largest attendance in more than 10 years
Nearly 70,000 home building professionals from around the globe filled the exhibit halls of the Las Vegas Convention Center as the National Association of...
Multifamily housing market will weaken in 2023 while remodeling market remains solid
Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home...
A housing downturn in 2023 followed by a recovery in 2024
The housing recession that began in 2022 will bleed into 2023 as elevated inflation and mortgage rates, coupled with stubbornly high building material construction...
Multifamily property price rises stall
CoStar reported that its value-weighted index of multifamily property prices increased only 1.0 percent year-over-year in December 2022. The index was down 1.4 percent...
White House plans new renter protections
The White House recently announced a series of actions that executive branch agencies will take to improve renter protections and “fairness” in the rental...
Yardi Matrix sees slower rent growth in 2023
Yardi Matrix now projects that the national average asking rent growth in 2023 will be 2.6 percent, down from their previous estimate of 3.1...
New home sales inch higher in December but market weakness remains
While new home sales posted a modest gain in December, elevated mortgage rates and higher construction costs continue to hinder housing affordability and put...
Industry associations response to White House Renters Plan
NAHB Chairman Jerry Konter Jerry Konter, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Savannah, Ga., issued...
Housing groups file legal challenge to new WOTUS rule
NMHC joined 16 other housing groups, infrastructure and agricultural organizations, among others, in filing suit yesterday to challenge the recently released Waters of the U.S....
Multifamily housing permits rise but starts fall in December
The Census Bureau’s new residential construction report for December reported that the number of multifamily permits issued increased but that starts and completions both...
Remodeling market sentiment weakened in fourth quarter but remains positive
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 66,...
Construction materials prices move lower in December
The December producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.3 percent in the...
Rents and transactions continue to fall
Apartment market conditions weakened in the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions for January 2023, as the Market Tightness...
Builder confidence uptick signals turning point for housing lies ahead
A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in...
