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.
Thirty-seven states benefited from the rise in construction activity in their state, while 13 states experienced a reduction in activity.Â
Business conditions remain uneven across regions.
ConstructConnect’s quarterly report shows the most significant annual growth in the civil engineering and residential sectors.
Dodge Outlook Report predicts deceleration but still growth, reflecting a mixed pattern by project type.
Nonresidential construction spending is down 2.9% on a year-over-year basis.
Business conditions easing in the West.
Spending on nonresidential construction services is still down on a YOY basis.
Design services remain in high demand across all regions and in all major sectors.
Brand research is a process that firms can use to measure their reputation and visibility in the marketplace.
Hurricane recovery efforts expected to heighten concerns about labor scarcities in the south, where two-thirds of contractors already face worker shortages.