Tag: Blog
Fannie Mae no longer forecasts recession
Fannie Mae’s January economic forecast is their first since April 2022 that does not anticipate that the U.S. economy will go into recession as...
Census reports improving multifamily construction figures for December
The Census Bureau’s new residential construction report for December showed a rebounding multifamily housing construction business, with multifamily construction permits, starts and completions numbers...
CBRE 2024 economic outlook foresees lower rent growth
CBRE recently released its economic outlook for 2024. It predicts that the high level of new deliveries in 2024 will cause rent growth to...
Construction materials prices up again in December
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in...
Yardi Matrix reports rents continue to fall at year end
Yardi Matrix reported that national average apartment rents fell $4 in December, compared to the level of the month before. The average rent fell...
CMBS delinquency and special servicing rates fall slightly
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in December, falling 7 basis points. Trepp also reported that...
Rent growth remains negative in December
The latest rent report from Apartment List shows that the national median monthly rent growth in December was -0.8 percent. Year-over-year rent growth was...
Multifamily employment reported to rise in December
The Employment Situation Report from the Bureau of Labor Statistics stated that December employment levels in 3 of the 4 multifamily-related job categories we...
Multifamily construction spending remains steady
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in November was up 0.1 percent...
Hiring down despite steady job openings in November
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in November...
CoStar: Multifamily property prices lower as transactions plunge
CoStar reported that its value-weighted index of multifamily property prices fell 0.6 percent month-over-month in November 2023, a smaller drop than last month’s revised...
Yardi Matrix looks to 2024
Yardi Matrix recently released its 2024 U.S. Multifamily Outlook report. The report looks at the recent multifamily market conditions and projects how they will...
MSCI: Multifamily property prices continue slide
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in November were down 0.7 percent from their...
Multifamily construction starts rise in November
The Census Bureau’s new residential construction report for November stated that multifamily construction starts and completions were up from the levels reported last month....
Fannie Mae sees milder housing downturn
Fannie Mae’s December economic and housing forecast predicts that single-family and multifamily starts will fall in 2024, but not as far as they predicted...
