Tag: Blog
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...
Multifamily employment reported to rise in January
The Employment Situation Report from the Bureau of Labor Statistics stated that January employment levels in 3 of the 4 multifamily-related job categories we...
Vacancy rate unchanged as more households rent in Q4
The Census Bureau released its quarterly report on home ownership and occupancy for Q4 2023. It stated that the rental housing vacancy rate was...
Rent growth in winter chill
The latest rent report from Apartment List shows that the national median monthly rent growth in January was -0.3 percent. Year-over-year rent growth was...
Multifamily jobs on the rise in December
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in December...
SFR rent growth rate edges higher in November
CoreLogic reported that their single-family rent index (SFRI) for November rose 2.7 percent from its year-earlier level. This is up from the 2.5 percent...
MSCI: Multifamily property prices unchanged
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in December were statistically unchanged from their level...
Cap rates rise in latest reading from IRR
Intergra Realty Resources (IRR) recently released its annual Viewpoint report for 2024. The report discusses the state of the US economy and presents an...
New York City multifamily sales fell in 2023
In 2023, the multifamily sector in New York City experienced a notable downturn, with total dollar volume of $7.4 billion spread across 1,036 transactions,...
Fannie Mae no longer forecasts recession
Fannie Mae’s January economic forecast is their first since April 2022 that does not anticipate that the U.S. economy will go into recession as...
Census reports improving multifamily construction figures for December
The Census Bureau’s new residential construction report for December showed a rebounding multifamily housing construction business, with multifamily construction permits, starts and completions numbers...
CBRE 2024 economic outlook foresees lower rent growth
CBRE recently released its economic outlook for 2024. It predicts that the high level of new deliveries in 2024 will cause rent growth to...
Construction materials prices up again in December
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...
Yardi Matrix reports rents continue to fall at year end
Yardi Matrix reported that national average apartment rents fell $4 in December, compared to the level of the month before. The average rent fell...
CMBS delinquency and special servicing rates fall slightly
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in December, falling 7 basis points. Trepp also reported that...
