Tag: Blog
Above trend rent growth continues in July
The latest rent report from Apartment List shows that the national average rent growth in July was 1.1 percent month-over-month and 12.4 percent year-over-year....
Multifamily property prices rise at torrid pace
The latest commercial property price report from MSCI (formerly Real Capital Analytics) said that multifamily property prices rose 23.7 percent year-over-year in June and...
Fannie Mae sees slower economic growth ahead
Fannie Mae’s July economic and housing forecasts predict negative GDP growth in Q2 2022 and a recession in early 2023. The slowdown in economic...
Pulse Survey shows slow response to rental assistance requests
The “Week 47” edition of the Census Bureau’s Pulse Survey shows that about one in seven renters are behind on their rent payments. This...
Multifamily housing construction looking strong heading into summer
The Census Bureau’s new residential construction report for June showed multifamily permits and starts both recovering from last month’s declines. Unit completions fell during...
Yardi Matrix reports high but declining rent growth
Yardi Matrix reported that the national average apartment rent rose $19 in June to $1,706 per month. However, this is $26 per month higher...
Construction materials prices higher despite lumber price drop
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2022. It stated that construction materials prices were up 0.3...
Inflation puts multifamily wages under pressure
The wage data the Bureau of Labor Statistics (BLS) released along with its employment situation report show that hourly wage growth for three categories...
MBA looks ahead
The Mortgage Bankers’ Association (MBA) recently released its Q1 2022 quarterly databook. It contains some data that they had previously released but it also...
Mixed report on multifamily jobs in June
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs grew during the month while residential...
Recovery in senior housing continues in Q2
An NIC Map Vision brief on the state of the senior housing industry reports that its fundamentals are slowly improving after the loss in...
Eric Adams addresses housing
The administration of Mayor Eric Adams recently released a plan to address housing issues in New York City . It is called “Housing Our...
Job openings down slightly in May
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in...
CoStar reports multifamily property prices higher
CoStar reported that its value-weighted index of multifamily property prices increased 21.6 percent, year-over-year, in May 2022. This index was up 1.4 percent month-over-month. The...
Multifamily construction spending stalls in May
The Census Bureau’s latest report on construction spending shows that the value of residential construction put in place in May was up 0.2 percent...
