Tag: Blog
Multifamily construction spending continues to fall in January
The Census Bureau’s report on construction spending said that multifamily construction spending in January was down 0.74 percent from the revised level of the...
MSCI: Multifamily property prices show positive trend
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were up 0.7 percent month-over-month in January from...
SFR rents rise, but slowly
CoreLogic reported that their single-family rent index (SFRI) for December rose 1.8 percent from its year-earlier level. This is down 0.4 percentage points from...
Multifamily starts forecasts raised
Fannie Mae’s February housing forecast calls for multifamily starts to slow to start 2025 but to then rise through the end of 2026. The...
Multifamily starts lower despite steady permits
Recent reports on new residential construction from the Census Bureau have been up and down in the number of multifamily starts reported. Last month’s...
Multifamily CMBS special servicing rate eases in January while loan losses surge
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans fell slightly in January, declining by 30 basis points. It had...
Rate of construction materials price rise is higher in January
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in January...
Steady growth in multifamily mortgage originations seen in 2024
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations were up 69 percent year-over-year in Q4. Originations of all commercial...
Rent growth turns positive in January
Yardi Matrix reported that the national average asking apartment rent was up $3 in January compared to the revised level of the month before...
Mixed report for residential construction employment growth
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the economy experienced modest overall employment growth in January. While the...
Number of renter households falls in Q4
The Census Bureau’s quarterly report on home ownership and occupancy for Q4 2024 stated that the rental housing vacancy rate was 6.9 percent. This...
Multifamily CMBS delinquency rate edges higher
Trepp reported that the rise in the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans continued in January, although more slowly than in...
Job openings down sharply in December
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in December...
Multifamily construction spending lower to end the year
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in December was down 0.28 percent...
CoStar: multifamily property prices rise as transactions surge
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in December, slightly lower than last month’s reported increase. This...
