Nearly all multifamily developers are being hampered by materials shortages and price increases, reports the eighth edition of the National Multifamily Housing Council (NMHC) Construction Survey from a poll taken August 25th to September 17th. Ninety-eight percent of respondents reported being impacted by a lack of materials, the highest share
Metro areas that are more affordable than major coastal cities like San Francisco and New York, and feature warmer weather, frequently make the list of top migration destinations according to a report this week from Redfin. “They’ve become even more popular during the pandemic because homebuyers who work remotely have
The single-family rental market was already heating up before the pandemic. Now, it has quickly transformed into one of the top investment asset classes in commercial real estate. With strong demand and institutional capital entering the arena, the single-family rental market is on track to be as prevalent as multifamily.
partment owners’ efforts to manage the eviction moratorium and the administration of the complex federal renter assistance programs has taken several twists and turns as deadlines approach and so much rent remains unpaid. “Owners don’t want to evict unless they have to,” Caitlin Sugrue Walter, Ph.D., Vice President of Research,
Concessions, slightly sagging renewal rents and on-time rent payments are a few of the concerns mixed within a relatively upbeat report from the MRI Software Market Insights, “Reflecting on a summer of recovery for Multifamily,” which examines data and trends through August 2021. While concession volumes have settled down, the
The affordable housing sector posted the largest quarterly rent growth since the third quarter of 2019, in a sign Moody’s Analytics analyst David Caputo says suggests the sector “might have fully recovered” from the pandemic’s effects. Asking rents hit an average of $986, while the national vacancy rate declined by
The word “recovery” comes up a lot these days, describing everything from recent job gains to resurgent lending and transaction volume in commercial real estate. But before investors get too carried away by the good news, they should pause to ask themselves, “What are we recovering from?” It may be
Zillow projects a 50 percent rise in evictions coming out of the expiration of the federal eviction moratorium, or roughly 1.5 times what they would typically have been before the pandemic, according to the survey conducted Aug. 3 through Aug. 17. The survey comprised a collection of 111 economists, researchers,
Single-family rentals continue to be one of the highest performing housing sectors for rent growth, according to the CoreLogic Single-Family Rent Index (SFRI). Single-family year-over-year rent growth reached a 16.5-year high in July 2021 as the increase in US single-family rents were up 8.5%, or nearly five times the July
While the strain on the U.S. economy from the coronavirus pandemic has been easing, with vaccination allowing many of the worst affected businesses like restaurants and hotels to return to operating at full capacity, one aspect of the COVID-19 crisis continues to this day: millions of renters are in danger
