Monday, March 18, 2024

Tag: Blog

GSEs dominate growth in multifamily mortgages outstanding in Q4

A Mortgage Bankers Association (MBA) report shows that the growth in multifamily mortgage debt outstanding in Q4 2023 was down from that in Q3....
lumber prices lead construction materials prices higher

Lumber prices lead construction materials prices higher in February

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in...
NYC leads in year-over-year rent growth

Rent growth inches higher in February

Yardi Matrix reported that national average apartment rent was up $1 in February compared to the revised level of the month before at $1,713...
property management jobs grow

Property management jobs grow as construction jobs stall in February

The Employment Situation Report for February from the Bureau of Labor Statistics stated that employment in property management rose while residential construction employment fell...
Job openings, quits and hiring lead to employment gains

Employment rises despite lower job openings

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in January...
declining quality of multifamily CMBS loans

Multifamily CMBS delinquency rate lower in February

Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in February, falling 10 basis points. Overall CBMS delinquency rate declines For...
multifamily property prices decline

Multifamily property price slide accelerates

CoStar reported that its value-weighted index of multifamily property prices fell 1.4 percent month-over-month in January 2024, the fifth decline in a row and...
new multifamily residential construction

Lower multifamily construction spending in January

The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in January was down 0.4 percent...
multifamily housing rent increase

Rent growth turns positive in February

The latest rent report from Apartment List shows that the national median monthly rent growth in February was +0.2 percent, the first increase after...
soft landing for economy means slowly declining inflation with positive GDP growth

Fannie Mae predicts a soft landing for economy

Fannie Mae’s February economic forecast calls for a steady decline in inflation while both GDP growth and employment growth remain positive, if subdued. The...
multifamily property prices

MSCI: Multifamily property prices lower in January

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in January fell 0.4 percent from their level...

Construction materials prices continue to climb in January

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in...

Census report foretells multifamily construction slowdown

The Census Bureau’s new residential construction report for January showed rising level of multifamily construction completions. However, both multifamily permits and starts were down...
NYC leads in rent growth

Yardi Matrix reports rents hold steady in January

Yardi Matrix reported that national average apartment rent was unchanged in January compared to the revised level of the month before at $1,710 per...

Multifamily mortgage originations fall in Q4

A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations in Q4 2023 were down 27 percent year-over-year despite rising 13...

Trending

Recent posts

Yield PRO