Tag: Blog
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...
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 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...
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...
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...
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...
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...
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...
Multifamily CMBS delinquency and special servicing rates drop again
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed security (CMBS) loans declined in January, falling 71 basis point. Trepp also reported that...
Yardi Matrix sees changing mix in multifamily starts
A new report from Yardi Matrix examines the changes in the number of multifamily starts and the sorts of developments started over the last...
Multifamily property prices still falling, but more slowly
CoStar reported that its value-weighted index of multifamily property prices fell 0.4 percent month-over-month in December 2023, the fourth decline in a row. This...
Multifamily construction spending ticks higher in December
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in December was up 0.3 percent...
