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.
Stable vacancy helped push asking rents 4%Â higher in third quarter.
Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September.
The report states that Dubai tops the list with total project values amounting to US$374.2bn.
Despite the broader economic growth, fixed investment inched 0.3% lower in the third quarter.
Billings growth slows but is stable across sectors.
Nonresidential building could still add more than 90 million sf through 2020.
The pace of global construction growth is set to improve slightly to 3.7% between 2019 and 2020.
More than three in four construction firms expect that sales will continue to rise over the next six months, while three in five expect higher profit margins.
There are 5,988 projects/1,133,017 rooms currently under construction worldwide.
This year’s analysis draws from 2,800 projects.