Tag: Blog
New Section 8 income rule would cap rent growth for LIHTC properties
On January 9, HUD proposed changes to how they calculate Section 8 income limits. The summary of the change as posted on the Regulations.gov...
Multifamily CMBS delinquency rate slightly higher in March
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose slightly in March, increasing 3 basis points. Overall CBMS delinquency rate declines For...
Construction job openings at near record high in February
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in February...
Multifamily construction spending continues decline in February
The Census Bureau’s report on construction spending said that multifamily residential construction spending in February was down 0.16 percent from the revised level of...
Multifamily property price slide continues
CoStar reported that its value-weighted index of multifamily property prices fell 1.4 percent month-over-month in February 2024, the sixth decline in a row and...
Rent growth again positive in March
The latest rent report from Apartment List shows that the national median monthly rent growth in March was +0.6 percent, the second consecutive gain...
Renting cheaper than buying in top metros
A new report from Realtor.com finds that renting a starter home is less expensive than buying one in all 50 of the largest metros...
MSCI: Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.0 percent from their level of the...
Fed raises rate forecast for 2025
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for...
Fannie Mae lowers housing starts forecasts on higher interest rates
Fannie Mae’s March economic forecast calls for multifamily housing starts to decline modestly through the end of 2025. Single-family housing starts are expected to...
Multifamily completions hit 50 year high
The Census Bureau’s new residential construction report for February showed multifamily construction unit completions continuing their recent surge. In addition, both multifamily permits and...
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 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...
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 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...
