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 American Institute of Architects’ semi-annual Consensus Construction Forecast indicates a growth of 8% in construction spending in 2016, and 6.7% the following year.
But finding skilled workers continues to be a problem and could inflate a project's costs.
Sees positive signs for construction and investment growth in warehouses, offices, and retail
Increased government spending on infrastructure projects should help.
The Construction Cost Index, from Mortenson Construction, indicated rises between 3 and 4% on average.
Though the economy did not have a strong ending to 2015, the data does not suggest that nonresidential construction spending is set to decline.
JLL’s latest outlook foresees a maturation in certain metros.
CDM Research finds only a few positive signs among the leading sectors.
While volatility persists, architecture firms reported healthy performance for 2015.
In December, construction material prices fell for the sixth consecutive month. Prices have declined 7.2% since peaking in August 2014.