Tag: Blog
Multifamily housing construction starts plunge in May
The Census Bureau’s new residential construction report for May showed softening in multifamily permit issuance and a drop in unit starts. Unit completions rose...
What drives rent growth?
A new report from Yardi Matrix seeks to answer this question and to examine how the factors driving rent growth have changed since the...
Construction materials prices continue to surge
The Bureau of Labor Statistics (BLS) released its producer price index report for May 2022. It stated that construction materials prices were up 1.1...
Apartment List reports on apartment vacancy rates
In its inaugural report on apartment vacancy rates, Apartment List states that the national average rate rose to 4.95 percent in May. This is up...
Solid rent growth reported by Yardi Matrix
Yardi Matrix reported that the national average apartment rent growth was $19 in May, bringing the average rent to $1,680 per month. Rent growth rate...
Multifamily jobs numbers continue to improve
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in both categories of residential construction jobs and in one...
Residential construction spending higher in April
The Census Bureau’s report on construction spending shows that residential construction spending in April was up 0.9 percent from the revised level of the...
CoStar reports multifamily property prices move higher
CoStar reported that multifamily property prices rose in April after slight declines in each of the 2 previous months. CCRSI defined The CoStar report focuses on...
Rent growth rate up in May
The latest rent report from Apartment List shows that the national average rent rose in May. Rent growth was 1.2 percent month-over-month and 16.4...
Job openings remain high in April
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in...
Multifamily property prices rise at near-record pace
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 23.0 percent year-over-year in April and that they rose 1.3 percent...
ULI gives guide to going green
The Urban Land Institute (ULI) recently released a report titled Renewable Energy Strategies for Real Estate. The report provides an introduction to different approaches...
Single-family rentals and the housing crunch
In the last two years, the single-family housing market has been hot, with high sales volumes, rising prices and low available inventory. Institutional investors...
Emergency Rental Assistance update
The latest report by the U.S. Department of the Treasury states that, as of the end of March, 74 percent of the $25 billion...
Fannie Mae forecasts a slowing economy
Fannie Mae’s latest economic forecast calls for lower GDP growth and higher inflation in 2022 than in earlier forecasts. Their new housing forecast predicts...
