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.
Nonresidential construction employment added 74,700 jobs on net in June.
Construction industry adds 158,000 workers in June and mall owners open micro distribution hubs for e-commerce fulfillment.
Private nonresidential spending declined 2.4% in May and public nonresidential construction spending increased 1.2%.
Gains in June are concentrated in homebuilding as state and local governments postpone or cancel roads and other projects in face of looming budget deficits.
Demand growth for mass timber components and office demand has increased as workers return.
Dariana Tani, Economist at GlobalData, a leading data and analytics company, offers her view on the situation
Construction spending declines 2.1% in May and how physical spaces may adapt to a post-COVID world.
Federal infrastructure measure can help offset private-sector demand that is likely to remain below pre-coronavirus levels amid economic uncertainty.
Facebook to build $800 million data center and 329 metro areas added construction jobs in May.
Resources were developed as part of AIA’s “Reopening America: Strategies for Safer Buildings” initiative.