Tag: Blog
Recovery in senior housing continues in Q3
An NIC Map Vision summary of the fundamentals of the senior housing industry reports that they are continuing to improve as the recovery from...
Weak report on construction employment in September
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs was higher in September than reported...
Rent growth flatlines in September
Yardi Matrix reported that national average apartment rent growth stalled in September with rent remaining unchanged from their August level at $1,718 per month. YoY...
Multifamily job openings rise in August despite overall openings plunge
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings fell in...
BEA reports on housing inflation
The Bureau of Economic Analysis released its report on personal consumption expenditures (PCE) for the month of August. The overall PCE price index rose...
Multifamily residential construction spending steady in August
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in August was up 0.4 percent...
Costar says multifamily property prices down for second month
CoStar reported that its value-weighted index of multifamily property prices fell 1.4 percent month-over-month in August after a revised fall of 0.5 percent the...
Streamlining inspections of affordable housing in California
The California State Legislature recently passed, and Governor Newsom signed, AB 2006, a bill to eliminate duplication in the inspection of affordable housing projects...
Rents fall in September
The latest rent report from Apartment List shows that the national average rent growth turned negative in September. Rents fell 0.2 percent month-over-month but...
Rate of multifamily property price growth continues to fall
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices rose 17.1 percent year-over-year in August and that...
Multifamily mortgage debt rises in Q2 despite cuts
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt holdings in Q2 2022 shows that banks and thrifts had the largest...
Rising rates drive Fannie and Fed forecasts
The latest forecasts from Fannie Mae and from the Federal Reserve relate the impact that the rapid rise in interest rates is expected to...
BLS looks at housing leases
In October 2020, the Bureau of Labor Statistics (BLS) added two questions about housing leases to the survey used to determine the consumer price...
Multifamily housing construction permits fall while starts rise
The Census Bureau’s new residential construction report for August was the reverse of last month’s report with multifamily housing construction permits and completions falling...
IRR updates its Viewpoint
Intergra Realty Resources (IRR) released its 2022 Mid-Year Viewpoint Summary, an update to its annual Viewpoint report. Unlike the year-end report, the update does...