Market Intel

The option to convert some affordable units to market rates makes housing advocates nervous, but many investors like the diversification that owning affordable apartments offers. The crowd of investors who want to put their money into government-subsidized, affordable apartment properties makes some housing advocates nervous. Advocates worry that investor groups

US single-family rent growth continued its molten path in April, with prices up by 14% year over year, the 13th consecutive month of record-breaking annual gains.  That’s according to CoreLogic Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. It spelled out how

With careful execution, this is actually an ideal time to invest, according to Ben Jacobson of Trez Capital. Real estate is reliably cyclical. What goes up will most certainly come down again, and vice versa. As such, when economic conditions become less favorable for development—be it ballooning interest rates, sky-high

There’s no question about it: the price of homeownership has become downright staggering. Median home prices surged 7% in the first quarter, a 38% increase over the same period in 2020.  “That’s basically off the charts, and it’s driving a variety of questions,” says John Chang, senior vice president and

The U.S. median rental price hit its latest new high of $1,849 per month in May, representing a 26.6% increase since 2019 before the pandemic began, according to the Realtor.com® Monthly Rental Report released today. While May marked the 10th straight month of double-digit annual growth in national rental prices, the increase was

Regulation imposed by all levels of government accounts for an average of 40.6% of multifamily development costs, according to joint research released by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC). Changes to building codes in the past 10 years (11.1%), costs when site

(Bloomberg)—Single-family landlords are eyeing opportunities in the slowing US housing market, betting that lower demand from consumers will lead builders to offer discounts. American Homes 4 Rent, the third-largest single-family landlord, is taking calls daily from a variety of potential sellers, including national builders, Chief Executive Officer David Singelyn said

Could failure to solve Arizona’s housing shortage puts Arizona’s red-hot economy at risk? By every metric, the Arizona economy continues to fire on all cylinders, as evidenced by several recent studies and statistics. A recent deep dive into U.S. Bureau of Labor statistics by Skynova ranked our state third in

The highest interest rate increase in decades has the industry anticipating that investors will start changing course. Multifamily may be less impacted than other CRE asset classes as the Fed attempts to slow down rising inflation, but there is still growing concern about higher cost of debt capital, tighter underwriting,

Regulation imposed by all levels of government accounts for an average of 40.6% of multifamily development costs, according to joint research released by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC). Changes to building codes in the past 10 years (11.1%), costs when site