Things to watch, what to know, in your apartment operation
Tag: Apartment Watch
Census reports rising vacancies in Q1
The Census Bureau released its quarterly report on home ownership and occupancy for Q4 2022. It stated that the rental housing vacancy rate was...
JOLT data reflect weakening jobs market
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in March...
Multifamily fundamentals begin to stabilize
The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease—trends that are expected to continue in 2023, according...
First Republic takeover deals yet another blow to Bay Area real estate
The takeover of First Republic by JPMorgan Chase adds another complication to a local real estate market already hampered by high interest rates, difficulties...
Multifamily property prices up on higher sales volume
CoStar reported that its value-weighted index of multifamily property prices fell 7.2 percent year-over-year in March 2023. However, this index was up 1.4 percent...
April rent growth lags prior years
The latest rent report from Apartment List shows that the national average monthly rent growth in April was a positive 0.5 percent, down 0.1...
Trepp examines refinance risk
A recent report from Trepp looked at the amount of securitized debt on multifamily property that is expected to come due over the next...
Market continues to loosen, transactions pull back amidst economic uncertainty
Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions for April 2023, as the...
Fannie Mae forecasts shallower multifamily downturn
Fannie Mae’s April economic and housing forecast reduces the depth of the predicted downturn in multifamily housing starts, although it leaves the timing of...
Multifamily property prices lead decline
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.9 percent in March from their level...
SFR rent growth continues slide
A report from CoreLogic, a data and analytics company, states that the rate of rent growth in the single-family rental (SFR) market fell in...
Rent delinquencies stabilize in latest Pulse Survey
The “Week 56” edition of the Census Bureau’s Pulse Survey shows that the portion of renters with rent delinquencies rose to 13.1 percent, up...
Mixed picture for CMBS in March
Two reports from Trepp give conflicting indications of the health of the CMBS market with one showing declining delinquency rates but the other showing...
Multifamily construction activity falls back in March
The Census Bureau’s new residential construction report for March stated that the number of multifamily permits issued, starts and completions all fell from last...
Lack of existing inventory continues to support builder sentiment
Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues...
