Tag: Blog
Job openings rebound in August
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in August...
Multifamily construction spending on the rise
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in August was up 0.6 percent...
MSCI: Multifamily property prices resume decline
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in August were down 0.8 percent from their...
Rent growth continues autumn fall
The latest rent report from Apartment List shows that the national median monthly rent growth in September was -0.5 percent. Year-over-year rent growth was...
SFR rent growth rate continues decline in July
CoreLogic reported that their single-family rent index (SFRI) for July rose 3.1 percent from its year-earlier level. This is down from the 3.3 percent...
Apartment market competitiveness down from last year
RentCafe reported that the apartment rental market remained moderately competitive at the recent peak of the 2023 rental season. However, most measures of apartment...
Fed projects interest rates will stay high longer
Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. However, the Federal Reserve’s updated forecasts for key economic...
Insurance costs lead operating expenses higher
A new report from Yardi Matrix documents the rapid rise in operating expenses for multifamily properties over the past year and identifies the factors...
August multifamily construction starts down sharply
The Census Bureau’s new residential construction report for August stated that the number of multifamily permits issued and unit completions were up from the...
Multifamily starts slowdown forecast to come later
Fannie Mae’s September economic and housing forecast predicts higher multifamily starts in 2023 but lower multifamily starts in 2024 than called for in last...
Yardi and property managers sued over revenue management software
Property management software firm Yardi Systems was sued in the U.S. District Court for the Western District of Washington on September 8 over its...
Construction materials prices unchanged in August
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged month-over-month in August on...
Economic pressures plague renters as median income fell in 2022
Called the invisible tax, inflation wreaked havoc with resident income in 2022 according to new reports by the Census Bureau. This marks three straight...
Google faces antitrust lawsuit
Warm weather regularly signals the time to move for many marked by a precipitous increase in Google searches for apartments. There were over 6...
MBA reports commercial mortgage delinquency rates on the rise
The Mortgage Bankers Association (MBA) reported that delinquency rates are growing for commercial mortgages issued by 4 of the 5 classes of lenders they...
