Tag: Blog
CBRE reports cap rates trending higher in Q3
A new report from CBRE states that cap rates for prime class A multifamily assets moved higher in Q3 as both the 10-year Treasury...
Multifamily CMBS delinquencies inch higher in September
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans ticked up slightly again in September, moving up 1 basis point. The...
Multifamily property prices move lower in August
CoStar reported that its value-weighted index of multifamily property prices fell 19.6 percent year-over-year in August. This index was down 1.4 percent month-over-month, reversing...
Job openings rebound in August
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in August...
Multifamily construction spending on the rise
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in August was up 0.6 percent...
MSCI: Multifamily property prices resume decline
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in August were down 0.8 percent from their...
Rent growth continues autumn fall
The latest rent report from Apartment List shows that the national median monthly rent growth in September was -0.5 percent. Year-over-year rent growth was...
SFR rent growth rate continues decline in July
CoreLogic reported that their single-family rent index (SFRI) for July rose 3.1 percent from its year-earlier level. This is down from the 3.3 percent...
Apartment market competitiveness down from last year
RentCafe reported that the apartment rental market remained moderately competitive at the recent peak of the 2023 rental season. However, most measures of apartment...
Fed projects interest rates will stay high longer
Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. However, the Federal Reserve’s updated forecasts for key economic...
Insurance costs lead operating expenses higher
A new report from Yardi Matrix documents the rapid rise in operating expenses for multifamily properties over the past year and identifies the factors...
August multifamily construction starts down sharply
The Census Bureau’s new residential construction report for August stated that the number of multifamily permits issued and unit completions were up from the...
Multifamily starts slowdown forecast to come later
Fannie Mae’s September economic and housing forecast predicts higher multifamily starts in 2023 but lower multifamily starts in 2024 than called for in last...
Yardi and property managers sued over revenue management software
Property management software firm Yardi Systems was sued in the U.S. District Court for the Western District of Washington on September 8 over its...
Construction materials prices unchanged in August
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged month-over-month in August on...
