Tag: Blog
Poll shows Californians support rent control initiative
A poll from the Public Policy Institute of California (PPIC) says the 55 percent of likely voters are currently in support of an initiative...
CMBS delinquencies rise on large loan problems
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher in October, rising 79 basis point. However, the size of...
Multifamily mortgage originations fall in Q3
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations in Q3 2023 were down 16 percent quarter-over-quarter and were down...
Multifamily employment higher in October
The Employment Situation Report from the Bureau of Labor Statistics stated that employment was up for the month in all 4 multifamily-related job categories...
Rents fall for third straight month
The latest rent report from Apartment List shows that the national median monthly rent growth in October was -0.7 percent. Year-over-year rent growth was...
Multifamily construction spending up from last month’s report
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in September was down 0.2 percent...
September job openings reported higher
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in September...
Rental vacancy rate rises despite renter households up 52k
The Census Bureau released its quarterly report on home ownership and occupancy for Q3. It stated that the rental housing vacancy rate was 6.6...
Multifamily property prices break string of declines
CoStar reported that its value-weighted index of multifamily property prices rose 1.3 percent month-over-month in September 2023, the first gain in 14 months. However,...
MSCI: Multifamily property prices lower again
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in September were down 0.3 percent from their...
SFRI rent growth rate continues decline in August
CoreLogic reported that their single-family rent index (SFRI) for August rose 2.9 percent from its year-earlier level. This is down from the 3.1 percent...
Multifamily starts forecast lower
Fannie Mae’s October economic and housing forecast predicts lower multifamily starts in both 2023 and 2024 than called for in last month’s forecast. Multifamily starts...
Partial recovery in multifamily construction starts in September
The Census Bureau’s new residential construction report for September stated that the number of multifamily construction starts and unit completions were up from the...
Yardi Matrix reports rent growth turns negative in September
Yardi Matrix reported that national average apartment rents fell $6 in September, compared to the revised rent level of the month before. The average...
BLS reports solid employment growth
The October Employment Situation Report from the Bureau of Labor Statistics stated that employment growth was positive for the month in all 4 multifamily-related...
