Vol. 73, October 23, 2024
MULTIFAMILY EXECUTIVE
Three in Five Gen Zers Are Rent-Burdened?
According to a new analysis from Zillow and StreetEasy, millennials had it worse a decade ago.
?BUILDING DESIGN + CONSTRUCTION
Adaptive Reuse Project Transforms 1840s Era Mill Building Into Rental Housing
The mixed-income, all-electric structure meets National Park Service historic preservation guidelines.
GLOBEST
Natural Disaster Risks Push CRE Insurance Rates To New Heights
The insurance challenges make underwriting deals more difficult.
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GLOBEST
Multifamily Financing And Sales Volume Indexes Reach Highest Levels Since 2022
Higher sales were reported by 43% of respondents compared to 32% in July.
SCOTSMAN GUIDE
A Tale Of Two Markets
The cost of renting apartments continues falling, while rents for homes rise.
MULTIFAMILY DIVE
Apartment Completions Jump 42% YOY
September apartment starts fell 15% from a year ago, while units under construction dropped 17%.
GLOBEST
Housing Shortage, Cost Of Ownership Fuel Young BTR Sector
BTR communities appeal to both millennials and Baby Boomers.
GLOBEST
Builder Confidence Rises; Affordability Challenges Remain
While housing affordability is low, builders are feeling optimistic about 2025.
GLOBEST
Multifamily Remains Buyers' Market Amid 'Generationally High' Supply
Demand doesn't seem to be an issue.
MULTIFAMILY DIVE
The Challenges Of Building Workforce Housing
Astor Cos. CEO Henry Torres is using the Live Local Act to add attainable rentals to his portfolio of luxury properties.
WATER ONLINE
Multifamily Complexes: The Rise Of Smart Water Management
Multifamily complexes are increasingly adopting a "tiny town" mindset when it comes to managing their infrastructure, especially in water management.
MULTI-HOUSING NEWS
What's On The Horizon For The SFR Market?
In the first installment of our outlook series, industry professionals discuss challenges and opportunities for the upcoming year.
MULTIFAMILY EXECUTIVE
Multifamily Market Sees Improved Financing And Sales, But Looser Conditions Persist
NMHC’s October survey reveals favorable debt and equity financing trends.
YIELDPRO
领英推荐
Multifamily Permits, Starts and Completions, All Lower In September
The?Census Bureau’s new?residential construction report?stated that multifamily completions retreated from last month’s high.
MULTIFAMILY EXECUTIVE
Midwest Rents Rise As Southern Markets See Declines
Realtor.com’s September Rental Report reveals nationwide year-over-year rent drops across all unit sizes.
YAHOO! FINANCE
U.S. Housing Starts Ease On Decline In Multifamily Construction
U.S. housing starts eased in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
?BISNOW
‘Starting To See The Cracks Emerge’: Why 2025 Could Be A Big Year In The Distressed Multifamily Market
Houston?multifamily investors?are ready to put “extend and pretend” behind them.?
ZILLOW
September 2024 Housing Starts: Housing Starts As Expected In September, Supported By Single-Family Construction
Building permits issued in September fell to?1,428,000?(SAAR). That’s 2.9% below the revised August rate and 5.7% lower than a year ago.
NAHB - EYE ON HOUSING
Single-Family Starts Trend Higher In September
With the Federal Reserve beginning an easing of monetary policy and builder sentiment improving, single-family starts posted a modest gain in September while multifamily construction continued to weaken because of tight financing and an ongoing rise in completed apartments.
GLOBEST
Population Growth Drives Record Apartment Demand In Seven Markets
Job growth and booming supply also lifted these markets to record performances.
GLOBEST
Rental Markets Show Regional Divide As Supply Impacts Prices
Over a five-year period landlords still saw an overall rent boost.
YIELDPRO
High Supply Apartment Markets Ride Demand Wave
More than 558,000 apartment units have delivered over the past 12 months, hitting what RealPage Analytics calls a 50-year supply peak.
YIELDPRO
Multifamily Starts Forecast Revised Higher
Fannie Mae’s October housing forecast calls for more multifamily housing starts in 2024 and 2025 than did last month’s forecast.?
BISNOW
Both Presidential Candidates Want To Solve The Housing Crisis. Do They Have The Power?
Housing affordability is among the top issues for voters in the U.S. as the Nov. 5 election creeps closer.
NAHB - EYE ON HOUSING
Builder Confidence Edges Higher Despite Affordability Headwinds
With inflation gradually easing and builders anticipating mortgage rates will moderate in coming months, builder sentiment moved higher for a second consecutive month despite challenging affordability conditions.
NAHB - EYE ON HOUSING
Declines For Residential Construction Loans
During the second quarter of 2024, the volume of total outstanding acquisition, development and construction (AD&C) loans posted the largest year-over-year percentage decline since 2012, as interest rates remain elevated before the beginning of the Fed cutting short-term interest rates in September.
GLOBEST
Cost-Burdened Middle Class Home Ownership Doubles In 10 years
One-third of homeowners are spending more than 30% of their income on housing costs.
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