Tag: Blog
Rent growth continues positive in March
Yardi Matrix reported that the national average asking apartment rent was up $5 in March compared to the revised level of the month before...
Job openings trend lower in February
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in February...
Strong employment growth overall but construction trades suffer
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the economy experienced strong overall employment growth in March. However, the...
Multifamily construction spending continues to fall in February
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in February was down 0.03 percent...
CMBS delinquency rate rises on jump in multifamily delinquencies
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans surged higher in March, more than reversing last month’s decline. The...
CoStar: multifamily property prices and transactions both lower
CoStar reported that its value-weighted index of multifamily property prices fell 0.6 percent month-over-month in February, the second consecutive month-over-month loss. However, this index...
MSCI: Multifamily property prices continue recovery
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were up 0.2 percent month-over-month in February from...
Rent growth blooms in spring
The latest rent report from Apartment List shows that the national median monthly rent growth in March was +0.59 percent. Rents have now risen...
Multifamily CMBS special servicing rate rises in February
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans resumed its upward trend in February, rising 9 basis points. The...
St Paul looks to revise its rent control ordinance
In November 2021, voters in St. Paul, Minnesota passed one of the most stringent rent control measures in the country. The St. Paul city...
MBA: commercial mortgage delinquency rates on the rise
A recent report from the Mortgage Bankers’ Association (MBA) states that commercial and multifamily mortgage delinquency rates have been rising for the last two...
Fed keeps interest rate trajectory unchanged
The economic projections released by the Federal Open Market Committee (FOMC) after this week’s meeting indicate that they expect the interest rate trajectory to...
GSEs dominate growth in multifamily mortgage debt in Q4
The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $38.88 billion in Q4 from the revised level of the quarter...
Multifamily starts rise as completions fall
The Census Bureau’s report on new residential construction stated that multifamily permits fell, multifamily starts rose and multifamily completions plunged. It also reported rising...
Higher construction materials prices coming
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.1 percent month-over-month in February...
