Tag: Blog
Fannie Mae’s view of the economy brightens
Revisions to Fannie Mae’s housing forecast in June call for more multifamily starts in 2025 than in last month’s forecast. Fannie Mae is now...
Fed’s view of economy darkens
The economic projections released by the Federal Open Market Committee (FOMC) after this week’s meeting indicate that they expect the principal economic metrics they...
Multifamily starts sharply lower in May
The Census Bureau’s report on new residential construction stated that multifamily permits rose slightly in May. However, multifamily starts fell after three months of...
Apartment owners, Darby Development v. United States
The Darby Development Company, Inc. v. United States lawsuit is a landmark case for apartment owners, whose rights and livelihoods were profoundly impacted by...
Construction materials prices continue steady climb
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.2 percent month-over-month in May...
Multifamily CMBS special servicing rate lower in May
Trepp reported that the special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in May. It is now back to its level...
HBGI shows multifamily shifting to smaller metros
The National Association of Home Builders (NAHB) recently released its Home Builders Geography Index (HBGI) report for Q1 2025. It showed a shift in...
Soft month for multifamily employment despite overall rise
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the economy continued to add jobs in May. However, the employment...
Rent growth continues positive in May
Yardi Matrix reported that the national average asking apartment rent was up $6 in May from the revised level of the month before at...
Job openings and hiring up in April
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of total non-farm job openings...
CoStar: multifamily property prices lower
CoStar reported that its value-weighted index of multifamily property prices fell 1.34 percent month-over-month in April, an acceleration of last month’s reported decline. However,...
Multifamily CMBS delinquency rate lower in May
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans decreased in May after two months of sharp gains. However, the...
Multifamily construction spending revised higher
The Census Bureau’s report on construction spending indicated that the value of multifamily residential construction put in place in April fell again. However, unlike...
A look at maturity dates on affordable multifamily mortgages
A new report from Yardi Matrix looks at upcoming loan maturities on affordable multifamily properties. It finds that these loans typically have longer terms...
Year-over-year rent growth remains negative in May
The latest rent report from Apartment List shows that the national median monthly rent growth in May was 0.39 percent. Rents have now risen...
