Tag: Blog
Studying commercial to residential conversions
The Multifamily Economic and Market Commentary for April from Fannie Mae focused on the conversion of commercial property to residential uses. It looked at...
Fannie Mae sees lower multifamily starts as inflation persists
Fannie Mae’s April economic forecast calls for multifamily housing starts to decline modestly through the end of 2025. Single-family housing starts are expected to...
MSCI: Multifamily property prices continue to fall
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in March fell 0.9 percent from their level...
March is a down month for multifamily housing construction
The Census Bureau’s new residential construction report for March showed multifamily permits were flat for the month, and that was the relative bright spot....
Construction materials prices reported lower in March
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were down 0.1 percent month-over-month in...
HUD proposes criminal records rule changes
HUD issued a notice of proposed rule making to change how criminal records history may be considered in deciding to prohibit individuals from residing...
Rent growth blooms in spring
Yardi Matrix reported that national average apartment rent was up $8 in March compared to the level of the month before at $1,721 per...
Senior housing occupancy recovery continues in Q1
An NIC MAP Vision summary report shows that senior housing occupancy rose in Q1 while its year-over-year rent growth rate fell. Segmenting the market The senior...
Strong rise in employment in March
The Employment Situation Report from the Bureau of Labor Statistics stated that March employment levels all 4 of the multifamily-related job categories we track...
New Section 8 income rule would cap rent growth for LIHTC properties
On January 9, HUD proposed changes to how they calculate Section 8 income limits. The summary of the change as posted on the Regulations.gov...
Multifamily CMBS delinquency rate slightly higher in March
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose slightly in March, increasing 3 basis points. Overall CBMS delinquency rate declines For...
Construction job openings at near record high in February
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in February...
Multifamily construction spending continues decline in February
The Census Bureau’s report on construction spending said that multifamily residential construction spending in February was down 0.16 percent from the revised level of...
Multifamily property price slide continues
CoStar reported that its value-weighted index of multifamily property prices fell 1.4 percent month-over-month in February 2024, the sixth decline in a row and...
Rent growth again positive in March
The latest rent report from Apartment List shows that the national median monthly rent growth in March was +0.6 percent, the second consecutive gain...
