Things to watch, what to know, in your apartment operation
Tag: Apartment Watch
Rent growth rate slips slightly in Yardi Matrix survey
Yardi Matrix reported that the national average apartment rent rose $15 in April to $1,659 per month as rent growth declined slightly. Rents growth rate...
CBRE reports strong Q1 multifamily fundamentals
CBRE reported that record high apartment absorption over the last 4 quarters set the basis for very strong measures of performance for the multifamily...
ULI economic forecast sees continued growth
The Urban Land Institute (ULI) recently released its biannual economic forecast for spring 2022. It generally has a more positive outlook for the economy...
Multifamily jobs numbers edge higher
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the numbers of residential construction jobs and of apartment operations jobs...
Multifamily property prices cooling
The latest CoStar report on the changes in the prices of commercial property in the United States said that the equal-weighted quarterly index of...
Job openings and quits set records in March
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings hit a...
Residential construction spending rises despite multifamily stall
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.0 percent from...
Rent growth rises with the season
The latest rent report from Apartment List shows that the national average rent growth in April reached 1.0 percent month-over-month and 16.4 percent year-over-year. The...
Student housing suffers supply/demand pressures
U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S....
Marcus and Millichap assesses economic headwinds
Marcus & Millichap recently presented a webinar on its 2022 Outlook, which examined how the economy, inflation and Federal Reserve policy are impacting the...
Investors see growing demand but tougher conditions
Apartment markets tightened further according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2022, while financing became more...
Census reports uptick in rental vacancy rates
The Census Bureau released its quarterly report on home ownership and occupancy for Q1 2022. It showed that the rental housing vacancy rate was...
NOI is growing, but slowly
A new report from Trepp seeks to measure the growth in net operating income (NOI) from 2020 to 2021. It did this by analyzing...
Housing industry warns Biden on affordability
More than 10,000 members of the National Association of Home Builders (NAHB) sent a letter to President Biden calling on the White House to...
Declining affordability conditions put a damper on new home sales
Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March. Sales of newly built, single-family...
