Tag: Blog
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...
Recession coming, but later
Fannie Mae’s January economic and housing forecasts predict a stronger finish for multifamily starts in 2022 and a higher number of multifamily starts in...
Multifamily property prices again lead decline
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.9 percent in December from their level...
Multifamily housing permits rise but starts fall in December
The Census Bureau’s new residential construction report for December reported that the number of multifamily permits issued increased but that starts and completions both...
Construction materials prices move lower in December
The December producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.3 percent in the...
Apartment demand fell in 2022
RealPage’s Early Edition report for Q4 2022 sums up key apartment absorption measures for 2022 and looks ahead to what we can expect for...
Rent delinquencies down slightly in Pulse Survey
The “Week 52” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments fell...
MBA forecasts a shrinking economy in 2023
The Mortgage Bankers’ Association (MBA) recently released its Q3 2022 quarterly databook. It contains data on mortgage originations and on holdings that has been...
