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.
AIA’s ABI score for March rose to 55.6 compared to 53.3 in February.
Nonresidential projects lag despite hot homebuilding market.
The Construction Backlog Indicator fell to 7.8 months in March.
A government index that measures the selling price for goods used construction jumped 3.5% from February to March.
The Blue Book Network's Velocity Index measures month-to-month changes in bidding activity among construction firms across five building sectors and in all 50 states.
BD+C’s first-ever owners’ survey finds them focused on improving buildings’ performance for higher investment returns.
Houston-The Woodlands-Sugar Land and Odessa, Texas have worst 12-month employment losses.
On a monthly basis, spending was down in 13 of 16 nonresidential subcategories.
Shrinking demand, soaring costs, and supply delays threaten project completion dates and finances.
Soaring costs, supply-chain problems jeopardize future jobs.