RCA: Multifamily property prices up
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 12 percent in the year to June, topping the rates of price growth for the other commercial property types they track....
California spends big on housing
Governor Newsom of California recently signed AB 140 into law. This bill is a trailer to the 2021-21 California State Budget and funds ambitious housing and homelessness prevention programs in the state. It allocates...
Power Hitters with Michelle Foster
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Michelle Foster, VP, Sustainability, Home Innovation Research Labs. Transcript: NAHB Power Hitters interview. Linda Hoffman with Michelle Foster, recorded July 8, 2021 (music) Linda Hoffman:...
Fannie Mae lowers near-term GDP growth forecast
Fannie Mae’s July economic and housing forecast projects a flattening of the GDP growth curve in 2021, with lower growth in Q2 but higher growth in Q3 and Q4 than projected in earlier forecasts....
July apartment market conditions showed improvement across all metrics
Apartment market conditions showed continued improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2021. For the first time since October 2015, the Market Tightness (96), Sales Volume...
Multifamily housing construction strong in June
The Census Bureau released its monthly new residential construction report for June 2021. It reported that some multifamily housing construction results were down from recent highs, but they were still solid compared to historical...
Surging rent growth reported for June
The latest rent report from Yardi Matrix shows accelerating rent growth for the country as-a-whole in June, with SFR rents outpacing those of multifamily. Rents up sharply again Yardi Matrix reported that the national average apartment...
Power Hitters with Dan Minahan
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Dan Minahan, President and COO of Continental Properties. Transcript: NAHB Power Hitters interview. Linda Hoffman with Dan Minahan, recorded July 1, 2021 (music) Linda Hoffman:...
Builder confidence edges lower as material challenges persist
Strong buyer demand helped to offset supply-side challenges relating to building materials, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, according to the...
Blackstone acquires AIG affordable housing portfolio
On July 14, Blackstone Real Estate Income Trust (BREIT) announced that they reached a definitive agreement for BREIT to acquire AIG’s interests in a U.S. affordable housing portfolio for approximately $5.1 billion, in an...
Construction materials prices rises spread
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2021. It showed that construction materials prices were up 3.2 percent in the month, seasonally adjusted. The index was 20.4...
NAHB urges Congress to enact policies to help builders boost housing production
National Association of Home Builders CEO Jerry Howard testified before Congress today and called on lawmakers to enact key policy proposals that will help home builders to expand the housing supply, reduce the housing deficit and improve...
Rent delinquencies show uptick in June Pulse survey
The week 33 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is up since we last reported on the survey results. Note that...
Rent Tracker finds lower rent payment rate in early July
NMHC reported that 76.5 percent of renters had made at least a partial rent payment for the month of July by the 6th of the month. The Rent Payment Tracker also found that 95.6...
Job openings remain at high level in May
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for May. Although last month’s report set a series record for the highest number of job opening, job...
