Multifamily rents drop in September 2024
The average multifamily rent fell by $3 in September to $1,750, while year-over-year growth was unchanged at 0.9 percent.
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The average multifamily rent fell by $3 in September to $1,750, while year-over-year growth was unchanged at 0.9 percent.
National nonresidential construction spending increased 0.1% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion.
Research platform StorageCafe has conducted an analysis of U.S. real estate activity from 1980 to 2023, focusing on six major sectors: single-family, multifamily, industrial, office, retail, and self-storage.
As the summer season winds down, student housing performance remains strong. Preleasing for Yardi 200 schools rose to 89.2% in July 2024, falling just slightly behind the same period last year.
The coronavirus delta variant and supply problems hold back recovery.
ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels all fell modestly in August.
Gains are limited to homebuilding as other contractors struggle to fill both craft and salaried positions.
Coronavirus continues to impact projects and disrupt supply chains.
Fire pits, lounge areas, and covered parking are the most common outdoor amenities at multifamily housing developments, according to new research from Multifamily Design+Construction.
Coronavirus, soaring costs, and supply disruptions threaten to erase further gains.
Due to the rise in new strains of the virus, 70% of office workers have implemented a more rigorous handwashing regimen versus 59% of the general population.
COVID, rising costs, and supply chain woes may stall gains.
Delta variant of coronavirus threatens to hold down further gains.
The ABI score for July was 54.6.