Tag: Blog
Multifamily builder confidence slightly lower in Q1
The National Association of Home Builders (NAHB) quarterly survey of multifamily builders showed a slight decline in confidence in the market for new multifamily...
Lifestyle property rent growth underperforms in April
Yardi Matrix reported that the national average asking apartment rent was up $5 in March compared to the revised level of the month before...
Multifamily starts forecast higher despite worse projections for the economy
Revisions to Fannie Mae’s housing forecast in April call for more multifamily starts across the entire forecast horizon than in last month’s forecast. Fannie...
Multifamily employment higher in April
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that employment growth continued at a steady pace in April. Property manager...
Multifamily construction spending lower again in March
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in March was effectively unchanged from...
Rent control advances in Washington, stalls in California
Washington state is poised to join its left coast brethren in imposing statewide rent control. The state legislature passed House Bill 1217 on Sunday,...
Multifamily delinquencies lead CMBS delinquency rate higher
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans surged higher again in April on a few large loans becoming...
Construction jobs lower despite overall gains
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of total non-farm job openings...
CoStar: multifamily property prices slide on low sales volume
CoStar reported that its value-weighted index of multifamily property prices fell 0.15 percent month-over-month in March, slightly less than last month’s reported decline. This...
Renters dominate household growth in Q1 despite vacancy rate rise
The Census Bureau’s quarterly report on home ownership and occupancy for Q1 2025 stated that the rental housing vacancy rate was 7.1 percent, up...
MSCI: Multifamily property price recovery stalls
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were down 0.04 percent month-over-month in March compared...
Multifamily permits higher but starts lower in March
The Census Bureau’s report on new residential construction stated that multifamily permits moved higher for the first time in 4 months. Multifamily starts, which...
CBRE reports cap rates continue downward movement in Q1
A new report from CBRE states that cap rates for core multifamily assets moved lower in Q1, continuing a trend that began in Q1...
Tightened rent control proposed in California
Assemblyman Ash Kalra (D-San Jose) has introduced AB 1157, which would tighten the provisions of California’s statewide rent control regime, which was introduced in...
Redfin talks rents
Redfin’s rent report for March says that the national median asking apartment rent growth was 0.4 percent for the month, with rents reaching a...
