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 multifamily sector led all housing submarkets, and was third among all 58 submarkets tracked by PSMJ in the first quarter of 2021.
The report examines electricity, fossil fuel, water/sewer, and carbon footprint.
Producer price index data for April shows wide variety of materials with double-digit price increases.
Soaring costs, supply-chain challenges, and workforce shortages undermine industry's recovery.
Weak demand, supply-chain woes make further declines likely.
Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories.
New York City has the greatest number of projects under construction with 110 projects/19,457 rooms.
Although hotel development may still be tepid in Q1, continued government support and the extension of programs has aided many businesses to get back on their feet as more and more are working to re-staff and re-open.
The decline occurs despite homebuilding boom and improving economy.
Consigli’s latest market outlook identifies building products that are high risk for future price increases.