Tag: Blog
Rent growth continues seasonal downturn in October
Yardi Matrix reported that the national average asking apartment rent was down $3 in October compared to the revised level of the month before...
Multifamily CMBS delinquency rate declines in October
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in October, breaking a string of 5 consecutive monthly increases. However,...
Rent control fails (again) in California
Proposition 33, the latest attempt to open the door to rent control in California, went down to defeat Tuesday. It was supported by only...
Multifamily construction spending continues to fall
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in September was down 0.10 percent...
Employment growth disappoints in October
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth collapsed in October. In addition, last month’s employment level...
CoStar: multifamily property prices rise in September
CoStar reported that its value-weighted index of multifamily property prices rose 1.3 percent month-over-month in September, reversing last month’s reported decline. This index was...
Number of renter households continues rapid growth in Q3
The Census Bureau’s quarterly report on home ownership and occupancy for Q3 2024 stated that the rental housing vacancy rate was 6.9 percent. This...
Job openings down sharply in September
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in September...
MSCI: Multifamily property prices fall in September
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.4 percent in September from their level...
Senior housing shows resilience
A new report from NIC MAP Vision indicates that senior housing is highly resilient, recovering quickly from both the setback it experienced during the...
SFR rent growth rate continues to trend lower
CoreLogic reported that their single-family rent index (SFRI) for August rose 2.4 percent from its year-earlier level. This is down 0.4 percentage points from...
Multifamily permits, starts and completions all lower in September
The Census Bureau’s new residential construction report stated that multifamily completions retreated from last month's high. Multifamily starts also fell as multifamily permit issuance...
Multifamily starts forecast revised higher
Fannie Mae’s October housing forecast calls for more multifamily housing starts in 2024 and 2025 than did last month’s forecast. The current forecast is...
Poll shows Californians evenly divided on rent control
In November, Californians will go to the polls for the third time in 6 years to decide whether to repeal the Costa Hawkins Act,...
Construction materials prices inch higher
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.1 percent month-over-month in...
