Tag: Blog
Analyzing office to residential conversion potential
A new report from CommercialEdge, a Yardi company, takes a standardized look at the characteristics of office properties to assess their potential for conversion...
SFR rent growth rate lower in June
CoreLogic reported that their single-family rent index (SFRI) for June rose 2.9 percent from its year-earlier level. This is down 0.3 percentage points from...
DOJ sues RealPage over revenue management
On August 23, the U.S. Department of Justice, along with the Attorneys General of several states*, file an antitrust lawsuit against property management software...
MSCI: Multifamily property prices slide in July
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.7 percent in July from their level...
Outlook for multifamily starts brightens
Fannie Mae’s August housing forecast calls for a higher level of multifamily housing starts in 2024 than predicted in last month’s forecast. This is...
Q2 multifamily mortgage originations continue to trail last year’s level
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q2 2024 were down 14 percent year-over-year. This is...
Up-and-down multifamily housing construction stats move lower in July
The Census Bureau’s new residential construction report stated that multifamily permits and completions were down sharply in July after popping higher in June. However,...
Record apartment deliveries and absorption expected in 2024
In a mid-year look at the multifamily market, Berkadia reports that record levels of new supply are arriving but strong absorption is causing most...
Construction materials prices up fractionally in July
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...
Multifamily CMBS special servicing rate improves in July
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moderated slightly in July, falling 6 basis points. However, the overall...
Multifamily property prices continue slow recovery
CoStar reported that its value-weighted index of multifamily property prices rose 0.3 percent month-over-month in June. However, this index was still down 8.2 percent...
Multifamily construction spending reported higher
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in June was up 0.14 percent...
Employment growth down again in July
The Employment Situation Report from the Bureau of Labor Statistics reported that overall employment growth fell sharply again in July from the gain initially...
Multifamily CMBS delinquency rate trends upward
Trepp reported that delinquency rate for multifamily commercial mortgage-backed security (CMBS) loans moved higher again in July, rising 27 basis points. July is the...
New York City leads in rent growth in July
Yardi Matrix reported that national average apartment asking rent was up $4 in July compared to the revised level of the month before at...
