Tag: Blog
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...
Rent growth makes seasonal downturn in September
Yardi Matrix reported that the national average asking apartment rent was down $3 in September compared to the revised level of the month before...
Multifamily CMBS special servicing rate rises again in September
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans continued to move higher in September, rising another 36 basis points....
Where can market rate substitute for affordable housing?
Yardi Matrix recently announced focused coverage of the affordable housing market. As part of that coverage, they released a study showing wide variation in...
Strong employment growth reported by BLS
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth rose in September from the gain initially reported for...
Rents fall in autumn
The latest rent report from Apartment List shows that the national median monthly rent growth in September was -0.48 percent, a larger decline than...
Multifamily construction spending lower in August
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in August was down 0.35 percent...
Construction job openings up sharply in August
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in August...
Multifamily CMBS delinquency rate edges higher
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose again in September, but only by 3 basis points basis points....
CoStar: multifamily property prices down in August
CoStar reported that its value-weighted index of multifamily property prices fell 1.3 percent month-over-month in August, doubling last month’s reported decline. This index was...
MSCI: Multifamily property prices rise in August
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices rose 0.1 percent in August from their level...
Apartment investment environment shows slight improvement in Q2
Freddie Mac recently released its Apartment Investment Market Index (AIMI) for Q2 2024. The national index was up, but only by 0.3 percent in...
