Vol. 55, June 19, 2024

Vol. 55, June 19, 2024


NATIONAL ASSOCIATION OF HOME BUILDERS

U.S. Households Real Estate Asset Value Rises To Start 2024

The market value of household real estate assets rose from $44.90 trillion to $45.84 trillion in the first quarter of 2024 according to the most recent release of U.S.?Federal Reserve Z.1 Financial Accounts.

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GLOBEST

Multifamily Investment Market Shows Improvement?

The hike in the latest AIMI marked a sharp reversal from its decline in the previous quarter.

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BUILDING DESIGN + CONSTRUCTION

Elevating Multifamily Properties Through Quiet Luxury

By understanding the foundational principles of quiet luxury, you can explore the specific advantages it brings to multifamily properties.

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J.P. MORGAN | CHASE

New York Multifamily Market Outlook

From an increase in transactions to higher-for-longer interest rates, here are four key trends for New York multifamily investors to watch in 2024.

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GLOBEST

Here Are the Apartment Markets With The Worst Occupancies

There has been rent growth as well, positive in some regions, flat to negative in others.

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FINANCIAL

Freddie Mac Sees Improving Multifamily Investment Opportunities

Falling property prices, interest rates improve buying conditions.

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MULTIFAMILY DIVE

The Most Sought After Destination For Renters This Spring

Select midwest metros remain the most popular cities searched for by apartment hunters.

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MULTI-HOUSING NEWS

National Multifamily Report – May 2024

The average year-over-year asking rent marked the fourth consecutive month of increases.

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GLOBEST

Multifamily Asking Rents Reach Highest Level Since May 2023

May was the second straight month of rent increases after 11 straight decreases.

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NATIONAL MORTGAGE NEWS

Multifamily Finance Sees Improving Investment Conditions

Multifamily investment conditions improved in the first three months of the year.

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MULTIFAMILY EXECUTIVE

How To Cut Multifamily Insurance Costs 60% Or More?

Here’s a surprisingly affordable way to avoid hard market insurance expenses.

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REALTOR MAGAZINE

Mortgage Rates Spend Another Week Under 7%

The latest inflation numbers show housing affordability remains a problem in the economic recovery.

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GLOBEST

This Is Where Multifamily Distress Can Be Found

Some variations of value-add deals and construction loans in Sunbelt markets taking longer than expected to lease up.

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INMAN

Fed Cool On Rate Cuts Despite Encouraging May Inflation Report

Policymakers now envision making just one rate cut this year, but investors who fund most mortgages are still betting the central bank will change its tune if inflation continues to ease.

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YIELDPRO

Yardi Matrix Reports On A Bifurcated Economy

Yardi Matrix?recently released their mid-year update on the state of the multifamily housing market.

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FINANCE & COMMERCE

Multifamily Permitting Down – Rent Expected To Increase

The first quarter of 2024 has shown little appetite for development, according to a new Northmarq report on the multifamily market, which has seen the lowest amount of permitting activity since 2017.

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NATIONAL ASSOCIATION OF HOME BUILDERS

Inflation Moderates Despite Persistent Housing Cost Growth

Both overall and core inflation continued to ease in May as decline in gasoline price offset the increase the shelter cost.?

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GLOBEST

States That Face The Highest Risk Of Housing Market Slowdowns

Three states have 34 out of the 50 counties most exposed to market drop-offs.

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NATIONAL ASSOCIATION OF HOME BUILDERS

Residential Building Material Prices Remain Relatively Unchanged By May

Inputs to residential construction, goods less food and energy, fell 0.09% over the month according to the most recent producer price index?(PPI) report?published by the U.S. Bureau of Labor Statistics.

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