News & Trends

This department of Rental Housing Journal is dedicating to keeping apartment owners, multifamily executives, real estate investors, landlords and other real estate professionals up to date with the latest trends in real estate, property management and more. Here you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

real estate market trends
Tue
25
Jul
The Editors's picture

Nonresidential Construction Climbs While Multifamily Recedes

Nonresidential construction climbs while multifamily recedes

Residential building slipped 4% in June, as both sides of the housing market, single family and multifamily, retreated while other new construction starts in June grew 4% from the previous month to a seasonally adjusted annual rate of $679.9 billion, according to a release.

Through the first six months of 2017, total construction starts on an unadjusted basis were $342.7 billion, down 4% from the same period a year ago.

 If the manufacturing plant and electric/utility gas plant categories are excluded, total construction starts during the first half of 2017 would be up 1% from last year, according to Dodge Data & Analytics. The non-building construction sector rose 8% with the help of elevated activity for electric utilities.

Fri
21
Jul
The Editors's picture

Apartment Markets Decline Slightly In July Quarterly Survey

apartment markets continue decline in second quarter

Apartment markets declined as softening conditions continue in the apartment markets for the second quarter in the National Multifamily Housing Council’s (NMHC) survey, according to a release.

All four indexes of the NMHC July Quarterly Survey of Apartment Market Conditions remained slightly below the breakeven level of 50, the fourth consecutive quarter indicating softening conditions.

  • Market Tightness (43)
  • Sales Volume (47)
  • Equity Financing (46)
  • Debt Financing (47)

All indexes all improved from April, but still hovered just below 50, according to the release.

“All four indexes are below 50 but rising, suggesting that the softening is less wide-spread than in previous quarters,” Mark Obrinsky, NMHC’s SVP of Research and Chief Economist, said in the release.

Tue
18
Jul
The Editors's picture

Cities Where Rent Prices Are Rising The Most 

Cities where rent prices are rising the most

It's no secret that where you live greatly affects how much you pay in rent prices. What's less known is that where you live can affect how much your rent will rise from one year to the next.

In a recent study, researchers for personal finance news and features website GOBankingRates reviewed median rental price data from May 2016 and May 2017 in select cities to determine the year-over-year change in dollars for a single-bedroom residence. The data was sourced and pulled from Zillow in June 2017, according to a release.

Tue
11
Jul
The Editors's picture

Rents Stable At Mid-Year New Report Says

Cities where rents rose the most in the first half of 2017 according to Abodo.com

Rents were relatively stable through the first six months of 2017, according to a new report.

While the national median rent fluctuated, but it ended up exactly where it began at $1,016 for a one-bedroom, according to Abodo.com.

Prices fell from January to March, bottoming out at $1,003 before creeping back up in the spring. In all, the national median rent always stayed within 1.3% of its starting value.

"Mid-year rent trends are an important metric to follow when analyzing the rental market across the U.S. And while San Francisco and New York City stand at the top of the most expensive rental market rankings, as usual, it's important to analyze the average monthly change on the coasts and in the Midwest," said Sam Radbil, senior communications manager for Abodo.com

Mon
10
Jul
The Editors's picture

Seattle Property Management Firm Integrated Into Security Properties

Seattle property management firm integrated into Security Properties

 Madrona Ridge Residential, a property management firm and affiliate of Seattle-based Security Properties, is being fully integrated into Security Properties and rebranded as Security Properties Residential, according to a release.

 As part of this integration, Security Properties is also announcing that Mike Voorhees, formerly of Holland Residential and Holland Partner Group, has recently joined Security Properties Residential as President.

Fri
07
Jul
The Editors's picture

House Speaker Promises To Finish Housing Issues In 2018

Housing issues will be back in 2018 Oregon House Speaker promises

Oregon House Speaker Tina Kotek (D-Portland) says the failure of a bill in the legislature to regulate no cause evictions and allow local rent control means trying again in 2018 “to finish unfinished business,” in housing issues,  according to a release.

“We made good progress, but we need to do more to protect renters from staggering rent spikes and no-cause evictions. In 2018, we will push to finish this session’s unfinished business on housing,” Kotek said in the release.

 “The depth and breadth of Oregon’s housing crisis has finally made this issue too big to ignore. We will keep fighting to ensure all Oregonians have a safe, decent, and affordable place  to call home.”

Wed
28
Jun
The Editors's picture

Pending Home Sales Drop For Third Straight Month In May

Pending home sales drop for third straight month in May

The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to a release.

None of the major regions in the country saw an increase in contract activity last month, according to the National Association of Realtors (NAR).

 

Low inventory sidetracked the housing market

"Monthly closings have recently been oscillating back and forth, but this third consecutive decline in contract activity implies a possible topping off in sales," Lawrence Yun, NAR chief economist, said in the release.

Tue
27
Jun
The Editors's picture

Growing Demand And Tight Supply Are Lifting Rents And Home Prices

Growing demand and tight supply are lifting rifts and home prices new Harvard study says

The growing demand for housing and the tight supply are pushing up rents and home prices a new study says.

A decade after the onset of the Great Recession, the national housing market has, by many measures, returned to normal, according to the latest State of the Nation’s Housing report release by the Joint Center for Housing Studies of Harvard University. But housing demand, home prices, and construction volumes are all on the rise, and the number of distressed homeowners has fallen sharply.

However, along with strengthening demand, extremely tight supplies of both for-sale and for-rent homes are pushing up housing costs and adding to ongoing concerns about affordability, according to the release.

Tue
27
Jun
The Editors's picture

New Scottsdale Apartments To Feature Low-Density And Large Floorplans

New apartments in North Scottsdale targeting older demographic

New apartments opening in North Scottsdale this fall, San Portales, plan to offer some of the  largest units built as rentals in Arizona and are targeted to an old demographic, according to a release.

The new complex is targeted to an older demographic. It features larger rental units, direct-access two-car garages and elevators located throughout the development, according to multifamily developer Mark-Taylor.com

Wed
21
Jun
The Editors's picture

Housing Demand Robust But Not Enough Homes For Buyers

Housing demand high but not enough inventory

More Millennials are starting families and want to buy homes, but they heading into a housing market with inadequate inventories and rising prices, a new study says.

In addition existing homeowners are reluctant to sell their homes because there is not enough inventory for them to find another home to buy says First American Financial Corporation in a release.

Low inventories, high demand and declining affordability

“As more and more Millennials marry and have children, among the strongest determinants for the desire to be a homeowner, demand for housing will remain robust. However, the housing market faces a dilemma that is restricting the inventory of homes for sale,” Mark Fleming, chief economist at First American, said in the release.

Pages

Subscribe to RSS - News & Trends