Tag: Blog
Rent growth remains slow but positive in July
The latest rent report from Apartment List shows that the national median monthly rent growth in July was +0.24 percent. Year-over-year rent growth was...
Number of renter households exceeds 45 million in Q2
The Census Bureau released its quarterly report on home ownership and occupancy for Q2 2024. It stated that the rental housing vacancy rate was...
Multifamily employment grows despite fewer job openings
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in June...
MSCI: Multifamily property prices continue to fall in June
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.5 percent from their level of the...
Single-family rent growth rate rises in May
CoreLogic reported that their single-family rent index (SFRI) for May rose 3.2 percent from its year-earlier level. This is up 0.2 percentage points from...
Higher growth for multifamily starts predicted
Fannie Mae’s July housing forecast calls for higher levels of multifamily housing starts in 2024 and 2025 than in their two most recent past...
Multifamily housing construction bounces back from May lows
The Census Bureau’s new residential construction report for June stated that multifamily permits, starts, and completions were all up from May’s depressed levels. In...
Biden calls for rent control -update
In President Biden’s press conference on July 11, he mentioned his plan to impose rent control with a 5 percent rent increase cap on...
Tenant protections to be imposed for GSE loans
The Federal Housing Finance Agency (FHFA) has announced tenant protections that will be imposed on all multifamily properties with financing from the Government Sponsored...
Construction materials prices edge higher in June
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...
Renters agree it’s a bad time to buy
Fannie Mae’s National Housing Survey revealed that 80 percent of renters believe that this is a bad time to buy a home. This is...
Rent growth slows in June
Yardi Matrix reported that national average apartment asking rent was up $4 in June compared to the revised level of the month before at...
Multifamily CMBS delinquency rate and loan loss severity rise in June
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher in June, rising 66 basis points. While the multifamily...
Employment growth slows in June
The Employment Situation Report from the Bureau of Labor Statistics reported that overall employment growth in June fell sharply from the gain initially reported...
Construction employment returns to growth in May
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in May...
