Tag: Blog
Multifamily CMBS special servicing rate jumps in December
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans increased again in December, jumping 135 basis points. It is now...
Multifamily starts rebound
The Census Bureau’s new residential construction report stated that, after falling to the lowest level since April 2020 last month, multifamily starts rebounded to...
Construction materials prices move modestly higher
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.2 percent month-over-month in December...
Rent growth still in seasonal decline
Yardi Matrix reported that the national average asking apartment rent was down $4 in December compared to the revised level of the month before...
Strong employment growth seen in December
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth continued to be strong in December. In addition, the...
CoStar: multifamily property prices continue rise
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in November. However, this index was down 5.2 percent year-over-year. The...
Rents in winter chill
The latest rent report from Apartment List shows that the national median monthly rent growth in December was -0.64 percent. Rents have fallen on...
Multifamily starts forecast to rise starting in late 2025
Fannie Mae’s December housing forecast calls for multifamily housing starts to bottom out in mid-2025 and then to steadily increase through the rest of...
Job openings higher again in November
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in November...
Growth in multifamily mortgage debt increases in Q3
The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $29.83 billion in Q3 from the revised level of the quarter...
MSCI: Only multifamily property prices fall in November
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.3 percent from their level of the...
Resolve to learn about CSRD
I love this time of year in multifamily. Things slow down (slightly) from the break-neck pace of the rest of the year and we...
Fed backs off plans for interest rate cuts
The economic projections released by the Federal Open Market Committee (FOMC) after this week’s meeting indicate that they will be keeping interest rates higher...
Multifamily starts reported sharply lower
The Census Bureau’s new residential construction report stated that multifamily permits jumped higher in November but both starts and completions were sharply lower month-over-month. Multifamily...
Rent growth follows seasonal pattern
Yardi Matrix reported that the national average asking apartment rent was down $5 in November compared to the revised level of the month before...
