Tag: Blog
Multifamily job openings rise in February despite overall decline
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in February...
Seattle’s Fair Chance Housing Ordinance largely upheld
A three-judge panel of the 9th Circuit Court of Appeals has struck down one provision of Seattle’s Fair Chance Housing Ordinance while leaving key...
Multifamily construction spending rises while single-family falls
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in February was up 1.4 percent...
Rent growth rises heading into spring
The latest rent report from Apartment List shows that the national average monthly rent growth in March was a positive 0.5 percent, up slightly...
Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 2.7 percent in February from their level...
Fannie Mae forecasts later recession
Fannie Mae’s March economic and housing forecasts shift the timing of the expected recession to later in 2023 than predicted in recent forecasts. This...
GSEs supply most new multifamily mortgage debt in Q4
A Mortgage Bankers Association (MBA) report shows that the government sponsored entities (GSEs), Fannie Mae and Freddie Mac, accounted for most of the growth...
California rent control – round 3?
A new rent control initiative, titled the Justice for Renters Act, has been cleared by the California Attorney General to begin the process of...
Multifamily construction activity surges in February
The Census Bureau’s new residential construction report for February reported that the number of multifamily permits, starts and completions were all up significantly for...
Senators ask DOJ to investigate revenue management software
Senator Elizabeth Warren (D-Mass.) along with senators Ed Markey (D-Mass.), Tina Smith (D-Minn.) and Bernie Sanders (I-Vt.) have asked the Department of Justice (DOJ)...
Construction materials prices reported flat
The February producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged in the month,...
Rent growth in winter freeze
Yardi Matrix reported that national average apartment rent growth was flat again in February with rents remaining unchanged from January’s revised level at $1,702...
Multifamily employment rises in February
The Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction employment and apartment operations employment rose in the latest...
Multifamily loan delinquencies edge higher
Three reports, two from Trepp and one from the Mortgage Bankers Association (MBA) show that loan delinquencies and other signs of stress are growing...
Multifamily and construction job openings much lower in January
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in January...
