Tag: Blog

apartment construction

Multifamily housing construction activity slows

The Census Bureau’s new residential construction report for September showed lower multifamily housing construction activity than in recent months. Multifamily housing permits issuance declines The number...
multifamily starts

Multifamily housing starts up in Fannie Mae forecast

Compared with earlier forecasts, Fannie Mae’s October economic and housing forecasts call for higher multifamily housing starts over the next 6 months while also...
steel prices

Construction materials price rises pause in September

The Bureau of Labor Statistics (BLS) released its producer price index (PPI) report for September 2021. It showed that construction components and materials prices...
rent growth

Rents move higher in September

The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in September. Rents up across the...
job openings

Job openings remain elevated in August

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for August. It reported that the number of...
construction employment

Multifamily jobs markets see gains in September

The latest Employment Situation Report from the Bureau of Labor Statistics stated that  both residential construction jobs and apartment operations jobs were up for...

Residential construction spending plateaus in August

The Census Bureau’s report on residential construction spending shows that the value of residential construction put in place in August was up 24 percent...

Banks increase share of multifamily mortgage debt in Q2

A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt shows that the GSEs continued to be the largest source of net...
FOMC economic forecast

Forecasts predict slower growth, higher inflation

A pair of economic forecasts, one from Fannie Mae and one from the Federal Reserve project lower growth and higher inflation for the rest...
commercial property prices

RCA: Multifamily property prices up in August

A report from Real Capital Analytics (RCA) said that multifamily property prices rose 13.5 percent in the year to August. This is the highest...

Rent delinquencies up slightly in September surveys

The “week 37” release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is...
zoning

Upzoning coming to California

California Governor Newsom recently signed a series of bills seeking to address the shortage of housing in the state. The bills. SB-8, SB-9 and...
multifamily construction permits

Multifamily housing construction pipeline grows

The Census Bureau’s new residential construction report for August reported a surge in multifamily housing construction permits and starts, although completions continued to lag. Multifamily...

CBRE: Foreign investment in multifamily lower in 2021

A new report from CBRE found that both the dollar value of foreign investment in multifamily properties as well as foreign investment’s share of...
construction materials prices - steel

Construction materials prices up despite lumber price declines

The Bureau of Labor Statistics (BLS) released its producer price index report for August 2021. It showed that construction components and materials prices were...

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