Tag: Blog
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...
Construction materials prices up again in November
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in November...
Positive employment growth seen in November
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth bounced back in November after last month’s collapse. In...
Rent growth remains in autumn lull
The latest rent report from Apartment List shows that the national median monthly rent growth in November was -0.82 percent. Year-over-year rent growth was...
Multifamily CMBS special servicing rate jumps in November
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher for the fourth month in a row in November,...
Multifamily CMBS delinquency rate jumps in November
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose sharply in November, more than reversing last month’s decline. The overall...
Job openings higher in October
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in October...
Multifamily construction spending slide continues
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in October was up 0.16 percent...
CoStar: multifamily property prices higher in October
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in October. This index was down 7.1 percent year-over-year. Note that...
SFR rents rise, but more slowly
CoreLogic reported that their single-family rent index (SFRI) for September rose 2.0 percent from its year-earlier level. This is down 0.4 percentage points from...
Multifamily starts forecast to rise throughout 2025 and 2026
Fannie Mae’s November housing forecast calls for multifamily housing starts to bottom out at the end of 2024 and then to steadily increase through...
MSCI: Multifamily property prices lead decline in October
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.3 percent in October from their level...
