Tag: Blog
Weather insurance rates on the rise
Yardi Matrix has released a research bulletin describing changes coming to the weather damage insurance market, and to insurance rates, for commercial property in...
Rent delinquencies edge higher in latest Pulse Survey
The “Week 54” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments rose...
Residential construction spending slows despite multifamily
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in January was up 0.4 percent...
Multifamily property prices fall as transactions plunge
CoStar reported that its value-weighted index of multifamily property prices fell 3.7 percent year-over-year in January 2023. This index was down 1.3 percent month-over-month,...
Rent growth losing streak ends in February
The latest rent report from Apartment List shows that the national average monthly rent growth in February was a positive 0.3 percent, breaking a...
Housing starts forecasts rise
Fannie Mae’s February economic and housing forecasts predict a higher number of multifamily starts in 2023 and 2024 than did last month’s forecast. The...
Multifamily housing starts fall despite rise in permits
The Census Bureau’s new residential construction report for January reported that the number of multifamily permits issued increased but that starts and completions both...
Construction materials price decline continues
The January producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.2 percent in the...
Census reports on rental vacancies in Q4
The Census Bureau released its quarterly report on home ownership and occupancy for Q4 2022. It stated that the rental housing vacancy rate was...
Rent growth flatlines in January
Yardi Matrix reported that national average apartment rent growth stalled in January with rents remaining unchanged from December’s revised level at $1,701 per month....
Multifamily construction spending rises in December
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in December was up 3.2 percent...
Multifamily property price rises stall
CoStar reported that its value-weighted index of multifamily property prices increased only 1.0 percent year-over-year in December 2022. The index was down 1.4 percent...
White House plans new renter protections
The White House recently announced a series of actions that executive branch agencies will take to improve renter protections and “fairness” in the rental...
Yardi Matrix sees slower rent growth in 2023
Yardi Matrix now projects that the national average asking rent growth in 2023 will be 2.6 percent, down from their previous estimate of 3.1...
HUD proposes new revisions to AFFH rules
On January 19, the Department of Housing and Urban Development (HUD) issued a press release stating its intent to once again amend the rules...
