Tag: Blog
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...
Multifamily mortgage debt sources shift in Q3
A Mortgage Bankers Association (MBA) report shows that growth in multifamily mortgage debt outstanding in Q3 2023 was up from that in Q2. Growth...
Fed backs off higher for longer
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for...
Eat your vegetables!
When my cousin was five, he hated peas. Passionately. I remember one family dinner at my grandmother’s house where he had consumed everything on...
Construction materials prices edge higher in November
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.2 percent month-over-month in...
HUD proposes 30 day eviction notice for PHAs and PBRA housing
The Department of Housing and Urban Development (HUD) is proposing a rule that would require public housing agencies (PHAs) and properties receiving project-based rental...
Mixed picture for multifamily employment
The Employment Situation Report from the Bureau of Labor Statistics stated that November employment levels in 3 of the 4 multifamily-related job categories we...
CMBS delinquencies fall as large loan cures
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in November, falling 18 basis point. The delinquency rate for...
Yardi Matrix reports falling rents in November
Yardi Matrix reported that national average apartment rent fell $6 in November, compared to the revised rent level of the month before. The average...
