Tag: Blog
Multifamily property prices move higher in May
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in May, the first rise after 8 straight months of...
Multifamily construction spending trending lower in May
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in May was down 0.02 percent...
Rents continue to trail last year’s levels
The latest rent report from Apartment List shows that the national median monthly rent growth in June was +0.4 percent. Year-over-year rent growth was...
Multifamily starts predicted to pick up in 2025
Fannie Mae’s May economic forecast calls for multifamily housing starts to reach their low point in Q2 2024 and then to rise, if unevenly,...
MSCI: Multifamily property prices fall in May
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.0 percent in May from their level...
SFR rent growth rate declines in April
CoreLogic reported that their single-family rent index (SFRI) for April rose 3.0 percent from its year-earlier level. This is down 0.4 percentage points from...
Multifamily housing construction stats lower across the board
The Census Bureau’s new residential construction report for May showed weakness in all areas of multifamily housing construction. Permits, starts, units under construction and...
Growth in multifamily mortgages outstanding rises in Q1
The Mortgage Bankers Association (MBA) reported that growth in multifamily mortgage debt outstanding in Q1 2024 was up significantly from the revised level reported...
LA County extends rent increase cap
The Los Angeles County Board of Supervisors extended their 4 percent cap on rent increases for certain properties for another 6 months. The cap...
Construction material prices flat in May despite jump in copper wire prices
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction material prices were unchanged month-over-month in May on...
Yardi Matrix reports on a bifurcated economy
Yardi Matrix recently released their mid-year update on the state of the multifamily housing market. It discusses the state of the economy, the impact...
Fed foresees only one rate cut in 2024
Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. The Fed forecast that interest rates will end 2024 higher...
DoE defines zero
The U.S. Department of Energy (DoE) has released a document defining what qualifies a building to be called “zero emissions”. The DoE states that...
Employment growth accelerates in May
The Employment Situation Report from the Bureau of Labor Statistics (BLS) reported higher than expected overall employment growth in May. However, employment levels in...
Rents continue slow growth in May
Yardi Matrix reported that national average apartment rent was up $6 in May compared to the revised level of the month before at $1,733...
