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.
Labor availability is a big factor in that inflation, according to Rider Levett Bucknall report.
Contractors were slightly less upbeat regarding profit margins and staffing levels compared to April.
Project inquiry gains hit a 10-year low.
The Construction Backlog Indicator expanded to 8.9 months in May 2019.
Using RSMeans data from Gordian, here are the most recent costs per square foot for K-12 school buildings in 10 cities across the U.S.
This is the first time in nearly three years that input prices have fallen on a year-over-year basis.
Among the 16 nonresidential construction spending categories tracked by the Census Bureau, five experienced increases in monthly spending.
With a total of 1,302 projects worth $524.6 billion, California has both the largest number and value of projects in the U.S. construction project pipeline.
AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2.
New data from NCARB reveals that the number of architects continues to increase.