Tag: Blog
Multifamily construction spending in decline
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in April was down 0.30 percent...
Multifamily CMBS delinquency rate edges higher in May
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose slightly in May, climbing 10 basis points. Overall CBMS delinquency rate also...
Construction employment falls as quits rise
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that, despite higher construction job openings, April saw...
SFR rent growth rate edges higher in March
CoreLogic reported that their single-family rent index (SFRI) for March rose 3.4 percent from its year-earlier level. This matches last month’s reported year-over-year rent...
Despite growth, rents trail last year
The latest rent report from Apartment List shows that the national median monthly rent growth in May was +0.5 percent. However, year-over-year rent growth...
The Fed looks at how we are doing
The Federal Reserve Board (Fed) recently released the results of its 2023 survey of the financial well-being of U.S. households. The report contains insights...
Forecast: multifamily starts lower as interest rates to remain high
Fannie Mae’s May economic forecast calls for multifamily housing starts to decline through the end of 2024 before slowly recovering in 2025 despite persistently...
Where the jobs are going
The Bureau of Labor Statistics (BLS) recently released their State Employment and Unemployment Survey for April. The report provides figures on total employment for...
Mixed month for multifamily housing construction
The Census Bureau’s new residential construction report for April showed multifamily permits were lower, starts rebounded higher and completions remained about the same. Note that,...
CBRE: multifamily investment volumes decline in Q1
A recent report by CBRE examines the state of commercial real estate finance in Q1. While the report considers investment in several commercial property...
Construction materials prices rise in April
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...
Q1 multifamily mortgage originations down from last year
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q1 2024 were down 7 percent year-over-year. Originations of...
Positive rent growth reported in April
Yardi Matrix reported that national average apartment rent was up $6 in April compared to the revised level of the month before at $1,725...
HUD provides guidance on use of AI in acquiring residents
In October 2023, President Biden issued an executive order on the safe development and use of artificial intelligence (AI). It directed the HUD secretary...
Multifamily CMBS delinquency rate falls despite overall delinquency rise
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in April, declining 51 basis points. Overall CBMS delinquency rate higher For delinquencies,...
