Tag: Blog
Multifamily construction starts continue to outpace completions
The Census Bureau’s new residential construction report for November stated that the number of multifamily construction permits issued was down from its recent very...
Fannie Mae lowers multifamily housing starts forecast
Fannie Mae’s December economic and housing forecasts predict a larger decline in multifamily housing starts over the next two years than in earlier forecasts....
Stop Wall Street Landlords Act introduced
Three California Democrats have introduced Federal legislation intended to discourage corporate ownership of single-family rental housing by changing tax law to make such ownership...
Fed forecasts higher interest rates, slower growth ahead
While the big news coming out of the recent meeting of the Federal Open Market Committee (FOMC) was their decision to raise the Fed...
Banks increase holdings of multifamily mortgage debt in Q3
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt holdings shows that banks and thrifts again had by far the largest...
Rent growth turns negative in November
Yardi Matrix reported that national average apartment rent growth turned negative in November with rents falling $9 from October’s revised level to $1,719 per...
Construction materials prices continue to fall
The November producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.2 percent in the...
Yardi Matrix updates rent growth forecast
A research brief from Yardi Matrix projects that the national average asking rent growth in 2022 will reach 7.6 percent, up from their previous...
Commercial property loan delinquencies under watch
A pair of reports, one from Trepp and one from the Mortgage Bankers Association (MBA) show that delinquency rates for commercial mortgages are generally...
Senior housing construction activity slows
NIC Map Vision reports that senior housing construction starts slowed dramatically in Q3 in the face of rising interest rates and construction costs. However,...
Rising employment reported for multifamily
The Employment Situation Report from the Bureau of Labor Statistics stated that employment in both residential construction and in apartment operations edged higher in...
Multifamily construction spending steady as single-family falls
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in October was up 0.6 percent...
CoStar: multifamily property prices falling
CoStar reported that its value-weighted index of multifamily property prices was down 1.4 percent month-over-month in October, the fourth monthly decline in a row....
Rents continue slide in November
The latest rent report from Apartment List shows that the national average rent growth in November remained negative for the third consecutive month. Rents...
Job openings trend lower in October
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings fell to...
