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 Construction Confidence Index remained strong in February, according to the Associated Builders and Contractors.
ABC's Construction Backlog Indicator expanded to 8.8 months in February 2019.
Top-performing segments forecast in 2019 include transportation, public safety, and education.
Private nonresidential spending fell 0.5% for the month and is only up 0.1% on a year-over-year basis.
Expectations for sales during the coming six-month period remained especially upbeat in January.
AIA’s Architecture Billings Index (ABI) score for February was 50.3, down from 55.3 in January.
The Construction Backlog Indicator contracted to 8.1 months during January 2019.
At a seasonally adjusted annualized rate, nonresidential spending totaled $762.5 billion for the month.
Of the 11 construction subcategories, seven experienced price declines for the month.
There are a record-high 6,352 hotel projects and 1.17 million rooms currently under construction worldwide.