Vol. 46, April 17, 2024
GLOBE STREET
Higher For Longer Is Official Now
“The recent data have clearly not given us greater confidence."
MULTIFAMILY EXECUTIVE
Multifamily Market Sees Improvements In Key Underwriting Metrics
Positive trends emerge as going-in and exit cap rates stabilize, signaling potential turning point, according to new data from CBRE Research.
REUTERS
U.S. Single-Family Housing Starts Plunge In March
While new construction remains underpinned by a severe shortage of previously owned houses for sale, a resurgence in mortgage rates is pushing potential buyers to the sidelines.
GLOBE STREET
Urban Core Apartments Are Catching Up With Suburban Counterparts
A discrepancy of 70bps marked a return to a more normal pattern when the margin between the two groups was small.
GLOBE STREET
Prime Multifamily Cap Rates Show Improvement
In some markets the going-in rate is now higher than the exit.
NATIONAL ASSOCIATION OF HOME BUILDERS
Housing Starts Fall On Interest Rate Financing Concerns
Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions.
GLOBE STREET
Apartment Demand More Than Doubled In Q1
The spike indicates a return to “seasonal” demand.
BISNOW
Multifamily Rent Growth Derails Fed’s Plan To Drop Interest Rates
Continued?apartment rent growth?is?helping deter?the Federal Reserve?from cutting?interest rates, driving up inflation at a time when the Fed is seeking signs of a cooldown.
GLOBE STREET
More Renters Give Up On Home Ownership
“The typical downpayment is near $60,000,” said Redfin’s chief economist Daryl Fairweather.
INMAN
More And More Renters Believe They Will Never Own A Home
Thirty-eight percent of renters don't believe they will ever own a home — up from 27 percent less than a year ago, according to Redfin.
MULTIFAMILY EXECUTIVE
Two In Five Renters Don’t Believe They’ll Ever Own A Home
Lack of affordability is the most-cited reason for renters who don’t believe they’ll ever own a home, a new report from Redfin finds.
领英推荐
NATIONAL ASSOCIATION OF HOME BUILDERS
Building Material Prices Continue To Rise In March
Inputs to residential construction, goods less food and energy, increased for the fifth straight month, according to the most recent Producer Price Index?(PPI) report?published by the U.S. Bureau of Labor Statistics.
GLOBE STREET
Apartment Rents Rise For Third Consecutive Month
The median asking rent in March was just 3.3% below the record high of $2,054 in August 2022.
MULTIFAMILY EXECUTIVE
Multifamily Rents See Solid Bump In March
This is the largest gain in over a year and a half, according to Yardi Matrix.
CBRE
Multifamily Metrics Improve For First Time In Two Years
Going-in cap rates, exit cap rates and unlevered internal rate of return (IRR) targets for prime multifamily assets improved slightly in Q1 for the first time since the Federal Reserve began raising interest rates in early 2022.?
BISNOW
No Rest For The Weary – What Higher Interest Rate Expectations Mean Ror CRE
The first half of this year was supposed to be when interest rates began coming down, providing a lifeline to struggling commercial real estate owners.
ALTUS GROUP
Multifamily Outlook: Boom To Bust Or Normalization?
While office properties have been the biggest concern within commercial real estate (CRE) since the pandemic accelerated the shift to remote work, there’s now a growing sense that the multifamily sector could be next.?
BUILDING DESIGN + CONSTRUCTION
5 Key Design Trends Shaping Tomorrow’s Apartment Rentals
Designers of next-generation multifamily housing must consider the impact of changing demographics, growing health concerns, and new work patterns.
PROPMODO
Multifamily Owners Are Centralizing Operations In Lieu Of On-Site Teams
Multifamily buildings have often been divided into two categories: buildings that are big enough to support an on-site management team and ones that aren’t.?
YAHOO! FINANCE
Apartments With Unique Tri-level Floorplan In Works Near Universal Orlando’s Epic Universe?
A Georgia developer has unveiled plans to build 314 apartments on a property near?Universal Orlando’s Epic Universe.
NBC MIAMI
A New Real Estate Trend? Shopping Malls Converted Into Residential Units In South Florida
According to Forbes, the Urban Land Institute and National Multifamily Housing Council Research Foundation estimates that there is 1 billion square feet of obsolete retail in the US.
PROPMODO
AI Automation Is Coming To Housing Development Finance
AI and automation are no longer buzzwords. Large and small, forward-looking developers and owners have implemented processes to increase renter outreach to rent and retain more units efficiently.
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