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- DALLAS, TX - After posting significant gains in 2018, the U.S. multifamily market is expected to show continued strength this year, amid swelling demand among younger adults for rental units and investor optimism in this market sector, according to BBG, a leading commercial real estate due diligence firm. Last year, the multifamily market saw dramatic growth, with a 15% jump in apartment transactions totaling nearly $168 billion, an industry report said. This year, an estimated 280,000 multifamily units will be completed, slightly down from 290,300 units in 2018, though it still reflects a ... [Read More]


- The Institute of Real Estate Management's director of government affairs takes a hard look at the economic and social impacts of these policies. Image via Pixabay Rent control is often considered by some state and local government officials as a means to create more affordable housing by limiting the amount a property owner can charge for renting out a home, apartment, or other type of real estate. As rental rates rise, demand for apartments increases and Americans see a larger portion of their income go to paying rent. As policymakers search for answers to combat this growing problem, one of ... [Read More]


- Southeast cities including Nashville, Tenn., Atlanta and Charlotte, N.C. are seeing rising demand for apartments. Strong economies are quickly filling new apartments in Southeast cities including Charlotte, N.C., Nashville, Tenn. and Atlanta. “The Southeast’s major metros have posted terrific apartment sector performance during this cycle,” says Greg Willett, chief economist for RealPage Inc., a provider of property management software and services based in Richardson, Texas. “Investment returns have rivaled the results generated in traditionally favored gateway markets, without the ... [Read More]


- What are my goals in the renegotiation? Do you want to keep the rent the same as it is or ask for a lower rent? Offering a lease term longer than one year could help you in either case. Think about the timing of when this rental home will come back on the market, should you move at the end of the term. That sweet spot to end your lease is typically somewhere between April and August. That will make it easier for the landlord to rent the home to another tenant. If you are offering a lease term that ends in January, it will be harder for the landlord to rent the home to someone new, as that is ... [Read More]


- Following three years of substantial deliveries, the metro's multifamily rent performance is slowing down. Houston rent evolution, click to enlarge Underpinned by rebounding employment gains and a robust demographic expansion, Houston’s multifamily market preserves its potential. Following three years of substantial deliveries, the metro’s rent growth is on a downward trajectory. At 92.4 percent as of February, down 140 basis points year-over-year, Houston’s occupancy in stabilized properties as of February reflected a sluggish demand, leading to remounting fears of overbuilding. ... [Read More]


- The Environmental Protection Agency’s (EPA’s) WaterSense Labeled Homes program has served as a voluntary, above-code market differentiator for builders and home owners for a decade. WaterSense initiated work to revise the program in 2018. In April 2019, EPA published the WaterSense Draft Specification for Homes, Version 2.0, to further promote residential water efficiency and enable market transformation in home construction. The draft specification continues to apply to both single-family homes and multifamily buildings. EPA will require homes that earn the WaterSense label to use ... [Read More]

Source: nahbnow.com

- But market potential for existing sales declines 1.3% year over year In April, potential existing-home sales increased 0.1% from the previous month, narrowing the market’s improvement gap, according to  First American ’s Potential Home Sales Model. “The housing market continued to underperform its potential in April 2019, but the performance gap shrank compared with March,” First American Chief Economist Mark Fleming said. “Actual existing-home sales remain 1.3% below the market’s potential, but the performance gap narrowed from 2% last month, according to our Potential Home ... [Read More]


- Townhouse construction slowed during the first quarter of 2019 after a strong 2018 performance, according to NAHB analysis of the most recent Census data of  Starts and Completions by Purpose and Design . But as NAHB Chief Economist Robert Dietz notes in this Eye on Housing blog post , townhouse construction is set for further expansion given the demographics of renters entering the for-sale market, as well as ongoing land constraints and the growth of demand for walkable neighborhoods. Over the course of 2018, townhouse starts totaled 120,000, 15% higher than 2017. However, townhouses, or ... [Read More]

Source: nahbnow.com

- On a month-over-month basis, rent growth continues to be positive, increasing by $5 to $1,436, according to a Yardi Matrix survey of 127 markets. However, year-over-year growth has fallen to 3 percent. Multifamily rent growth for the month of April continues to be consistent, with rents increasing by $5 to $1,436, according to a Yardi Matrix survey of 127 markets. However, year-over-year growth continues to decline, falling to 3 percent and dropping 30 basis points from March , which previously dropped 20 basis points to 3.2 percent.  According to the report, absorption proves to be strong, ... [Read More]


- New home sales should reach a 12-year high as builders scramble to meet demand Sales of new homes probably will reach a 12-year high this year as builders scramble to meet demand from entry-level buyers, according to Lawrence Yun, chief economist of the National Association of Realtors . Existing home sales probably will be flat, he said. The number of new houses sold in 2019 probably will total 667,000, the highest level since the beginning of the financial crisis in 2007, Yun said at NAR’s Legislative Meetings & Trade Expo in Washington D.C. on Thursday. Sales of existing homes, which ... [Read More]


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