Vol. 53, June 5, 2024
YAHOO! FINANCE
These Ten Big Cities Are Building The Most Multifamily
Perhaps you’ve heard about the?shortage?— the U.S. needs more than 1.5 million?additional homes?to relieve our housing shortage, according to Realtor.com and Freddie Mac.
GLOBEST
Only Five Apartment Markets Posted Rent Growth Of 3% Or ABOVE?
That is the fewest number since July 2020.
INMAN
Developers Sit On Empty Lots As Higher Rates Delay
After a generationally high apartment construction boom, some developers are now finding that the economics no longer make sense on in-progress projects.
PROPMODO
Apartments Are Using Rewards Programs To Keep Tenants As Rental Market Softens
After decades of rent growth, the market for multifamily apartments is starting to soften. In April, average U.S. rents only grew by $6 or 0.07 percent year over year.
GLOBEST
More Renters Are Staying Put Longer
One in six are now staying in their rental unit for 10 years or more.
GLOBEST
Housing Inventory Is Bouncing Back In These Markets
It could be the start of a national trend.
INMAN
Rates Ease As Inflation Gauge Moves In The Right Direction
Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65% in April, and Q1 2024 GDP growth revised downward to 1.3%.
MULTIFAMILY EXECUTIVE
Multifamily Demand Surges In Q1
However, the influx of supply remains a major influence on apartment vacancy and rents.
BUILD DESIGN + CONSTRUCTION
General Contractor Keys To Affordable Housing Project
To ensure a project is on the path to success, general contractor’s must be experienced, communicative, and involved early on in the design process.
COMMERCIAL PROPERTY EXECUTIVE
Sustainability Street – The Power Of Microgrids
JLL's Doug Mackenzie brings his knowledge and expertise about a game-changing innovation for CRE to the podcast.
MULTIFAMILY EXECUTIVE
领英推荐
Two Resort Style Multifamily Buildings Begin Pre-Leasing In Alexandria
Stonebridge and Bozzuto have begun pre-leasing Oakville, a new luxury mixed-use development with 572 residences.
MULTIFAMILY EXECUTIVE
Redfin: Renters Staying Put Longer
A new report finds that renters are less likely to move than a decade ago.
NATIONAL ASSOCIATION OF HOME BUILDERS
Multifamily Absorption Rates Fall To Decade Low As Completions Remain Elevated
The Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA)?estimates that 42% of 91,060 unsubsidized apartments completed in the fourth quarter of 2023 were absorbed (rented) within the first 3 months following completion.
COMMERCIAL PROPERTY EXECUTIVE
Multifamily Borrowing Unchanged In Q1 2024
Originations fell 23 percent from the fourth quarter of 2023.
BISNOW
As Housing Crisis Gains National Attention – Real Estate Industry Invests More in DC
A deepening housing crisis has lifted issues relating to housing regulation and development to the federal government's attention in a way not seen for decades.
MULTI-HOUSING NEWS
Is Multifamily Investment Finally Thawing?
The debt and equity markets may be loosening, though we’re still nowhere near recovery.
GLOBEST
Technology Helps Landlords Promptly Address Maintenance Violations
The US' largest housing eco-system also the most regulated.
GLOBEST
Apartment Rent Post National Monthly Growth Of Over 1% In May
Syracuse and Columbus rents were the fastest growing nationwide, while demand has shrunk in some of the biggest California cities.
RMI
Plugging Into Mobility Needs At Lower Income Multifamily Housing
How to develop electric vehicle charging solutions that reflect community priorities.
MULTIFAMILY DIVE
May 2024 Round-Up: New Multifamily Products
Payment management and resident tech support are among the new services available this spring.
MULTIFAMILY DIVE
States See Wave Of Squatting Related Legislation
Florida, New York and other states passed laws this spring enabling removal of illegal residents, and similar bills are being considered in other jurisdictions.
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