Monday, March 18, 2024

Apartment Watch

Things to watch, what to know, in your apartment operation

GSEs dominate growth in multifamily mortgages outstanding in Q4

A Mortgage Bankers Association (MBA) report shows that the growth in multifamily mortgage debt outstanding in Q4 2023 was down from that in Q3....
home builder sentiment rises in March 2024

Builder sentiment rises above breakeven point in March

A lack of existing inventory that continues to drive buyers to new home construction, coupled with strong demand and mortgage rates below last fall’s...
Mary likes commercial conversions

The opportunity in commercial conversions

When I first started in multifamily, I heard an acronym that I admit I had to look up: NIMBY. Not In My Back Yard....
lumber prices lead construction materials prices higher

Lumber prices lead construction materials prices higher in February

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...

Multifamily distress logs largest increase in 18 months

The multifamily distress anticipated last year is finally starting to materialize. Although multifamily loan defaults remain relatively low, the multifamily distress rate...
NYC leads in year-over-year rent growth

Rent growth inches higher in February

Yardi Matrix reported that national average apartment rent was up $1 in February compared to the revised level of the month before at $1,713...
property management jobs grow

Property management jobs grow as construction jobs stall in February

The Employment Situation Report for February from the Bureau of Labor Statistics stated that employment in property management rose while residential construction employment fell...
consider the emotional benefits of lighting

Consider the emotional benefits of lighting

Have you ever walked down the freezer aisle of a store and found that the cases look a little dark? Then, as you approach,...
Zillow group makes rental listings agreement with Realtor.com

Realtor.com and Zillow ink new rental listings syndication agreement

Realtor.com® and Zillow announced a new agreement for Zillow to be the exclusive provider of multifamily rental listings on Realtor.com, generating additional exposure for...
increasing housing supply leads to improved housing affordability

NMHC responds to Biden’s SOU remarks on housing supply

NMHC urges lawmakers at all levels of government to enact policies and programs that will expand housing supply, which experts agree is the solution...
job openings

Three-bedroom units lose some luster as occupancy returns to pre-pandemic norms

The multifamily arena is finally returning to pre-pandemic norms and so are renter preferences for unit types. Three-bedroom units, which saw the...
Job openings, quits and hiring lead to employment gains

Employment rises despite lower 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 January...

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