Tag: Blog
Fannie Mae lowers housing starts forecast
Fannie Mae’s November economic and housing forecasts call for fewer housing starts in 2021 than in earlier forecasts. However, the forecasts for housing starts...
Multifamily housing construction activity rises in October
The Census Bureau’s new residential construction report for October showed an uptick in multifamily housing construction activity from last month's relatively weak level. Multifamily housing...
Quits set record in September
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report on the jobs market for September. It reported...
Construction materials price rises resume in October
The Bureau of Labor Statistics (BLS) released its producer price index report for October 2021. It showed that construction materials prices were up 1.2...
Yardi Matrix reports apartment rents are still rising
The latest rent report from Yardi Matrix shows record high asking apartment rents for the country as-a-whole in October, with single family rental (SFR)...
Multifamily jobs increase in October
The latest Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction jobs and apartment operations jobs saw gains for...
Multifamily mortgage originations higher in Q3
A report from the Mortgage Bankers’ Association (MBA) says that there was a significant rise in the originations of multifamily mortgages in Q3 both...
Rent control passes in Twin Cities
A pair of ballot measures either implementing rent control (St. Paul) or allowing it to be implemented (Minneapolis) were approved by voters in Tuesday’s...
Census reports falling vacancy rates
The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate was 5.8 percent in...
Torrid rent growth pace slows slightly in October
The latest rent report from Apartment List shows that rent growth is still at a high, if decelerating, pace. Nationally, rents were up 0.8...
Residential construction spending down slightly in September
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in September was up 19 percent year-over-year...
Multifamily property price index continues to climb
The latest CoStar report on the change in prices of commercial property in the United States said that multifamily property prices rose 12.5 percent...
Reconciliation framework includes $150 billion for housing
President Biden released a framework for a reconciliation bill that would implement his legislative priorities. No text for actual legislation was provided, so the...
Trepp assesses CRE loan health
A new report from Trepp takes a look at the state of commercial real estate (CRE) lending in Q3 2021. While the report covers...
Yardi Matrix presents multifamily national outlook
Yardi Matrix recently held a webinar presenting its Fall 2021 multifamily outlook. The presentation included both a general outlook for the economy and a...
