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Multifamily News


Counties Share Construction Coastal Counties Market Family
- As part of the recently published HBGI , new NAHB analysis of residential permit data shows that about a quarter of single-family construction takes place in coastal counties. Coastal counties, as defined by U.S. Census Bureau , are counties that are adjacent to coastal water or a territorial sea. These coastal counties are grouped into three regions: the Atlantic, Gulf of Mexico, and Pacific. The four-quarter moving average market share (shown below) for single-family construction in coastal ... [Read More]


Permits Year Construction Metros Report Homes
- The home construction market—despite seeing some growth from the lack of existing inventory—has been struggling overall and in the building permit segment. The data is pointing toward a possible slowdown coming this year, especially as there are still supply chain issues at play. To be specific, the number of homes under construction fell by 9%, while the total number of permits dropped by 11% year-over-year, according to a new report from Point2. Point2's yearly Housing ... [Read More]

Source: rismedia.com

Reuse Lamar Johnson Scorecard Design Ljc Firm
- Lamar Johnson Collaborative  (LJC), a full-service architecture firm headquartered in Chicago, announced the debut of the firm's  Adaptive Reuse Scorecard , a proprietary methodology to quickly analyze the viability of converting vacant office and commercial buildings to other uses, such as hotels and residences. "Working with existing structures involves complexities that often create a lengthy pre-development process, requiring developers to commit significant resources before they ... [Read More]


February Sales Year Inventory Months Home
- In spite of the increasing mortgage rates observed in February, existing home sales persisted in their upward trend, reaching a peak for the past 12 months, as reported by the National Association of Realtors (NAR). Nevertheless, the persistently low inventory of resale properties and robust demand continued to push up existing home prices, marking the eighth successive month of year-over-year median sales price growth. Anticipated further drops in mortgage rates and a sustained enhancement in ... [Read More]

Source: bdmag.com

Property Percent Prices Price January Chart
- The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.0 percent from their level of the month before in February. This is much faster than last month's reported decline of 0.4 percent . Prices were down 8.9 percent from their level of one year before. Defining CPPI MSCI tracks an index called the Commercial Property Price Index (CPPI). The index is computed based on the resale prices of properties whose earlier sales prices and ... [Read More]

Source: yieldpro.com

Family Single Family Year February Housing Overall Housing
- Single-family starts reached their highest level in February since April 2022, driven by pent-up demand, moderating interest rates and lack of existing inventory. According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 10.7% in February to a seasonally adjusted annual rate of 1.52 million units. "The solid level of single-family production in February tracks closely with rising builder sentiment, and with ... [Read More]

Source: bdmag.com

Starts February Building Federal Reserve Rate Rates
- Dive Brief: Total construction starts fell 8% in February to a seasonally adjusted annual rate of $1.07 trillion, according to data collected by Dodge Construction Network. It was the biggest monthly starts drop since November , when starts cratered 15%.  Yet on a year-over-year basis, project kickoffs stayed in the black. For the 12 months ending February 2024, total construction starts were up 2% from the same time period ending February 2023, Dodge said. Despite that positive, the ... [Read More]


Forecast Starts Fannie Mae's Growth Rate Percent
- Fannie Mae 's March economic forecast calls for multifamily housing starts to decline modestly through the end of 2025. Single-family housing starts are expected to rise but at a lower rate than predicted last month. Fannie Mae's forecasters are predicting that the Federal Reserve will cut the Fed Funds rate by a total of 60 basis points in 2024 but by only 20 basis points in 2025, ending that year at a rate of 4.1 percent. This is 40 basis points higher than the rate they predicted for the end ... [Read More]

Source: yieldpro.com

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