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
08
Aug
The Editors's picture

Multifamily Construction Starts Reveal Mixed Pattern In Top Metros

Multifamily Construction Starts Reveal Mixed Pattern In Top Metros

 During the first half of 2017, eight of the top ten metropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered decreased activity compared to a year ago, according to Dodge Data & Analytics.

 At the same time, metropolitan markets ranked 11 through 20 showed growth for nine of the ten markets, as smaller geographic areas are picking up the slack from the deceleration underway in those cities that have led the commercial and multifamily upturn over the past several years.

 At the national level, the volume of commercial and multifamily construction starts during the first half of 2017 was $87.5 billion, down 9% from last year’s first half, although still a slight 1% above what was reported during the first half of 2015.

Mon
07
Aug
John Triplett's picture

Apartment Pet DNA Testing Expands To “Travel Dog” Concept

Apartment pet DNA testing company has new product called Travel Dog

Pet friendly apartments have turned to pet DNA testing to help keep common areas clear of dog poop. It has worked for many apartment complexes.

By John Triplett

Rental Housing Journal

The company that started pet DNA testing for apartment buildings, PooPrints, has recently launched the Travel Dog membership program that

Brody, pictured above, is a Travel Dog member.

allows pet owners to register their pets in the DNA World Pet Registry using a simple DNA sample, according to a release.

Fri
04
Aug
The Editors's picture

The Main Reason People Are Not Buying Homes Is Affordability

Affordability of new homes main reason people choose to rent

A majority of people say new home affordability is the main reason they do not own a home, and not a desire to have the flexibility of renting, according to new research from John Burns Real Estate Consulting.

The trend of more people choosing to rent may be tied directly to the fact that new homes now are simply too expensive and unaffordable for consumers. Plus, builders have moved away from building new homes under $200,000 and focused on much higher priced new homes, according to the report.

“Rising new home prices across the nation have eroded new home sales under $200,000 and contributed to lackluster new home sales volumes,” write David Jarvis, John Burns Senior Vice President, and Matt Farris, Associate.

Tue
01
Aug
The Editors's picture

Seattle Home-Seller Profits Among Highest In Nation

Seattle home-seller profits among highest in the nation as length of homeownership also remains high

People selling their homes in Seattle have seen some of the highest profits in the nation at a time when home-sellers across the country are seeing the highest profits in 10 years, according to an ATTOM Data Solutions release.

Seattle has an on-going issue of lack of housing supply

“An ongoing issue in the greater Seattle area is a lack of supply which is aggressively driving up home prices,” Matthew Gardner, chief economist at Windermere Real Estate, in Seattle said in the release.

“The only short-term solution is to build more homes, but thanks to land constraints and construction costs, this simply is not happening at a rate that you would normally expect in a market like this,” Gardner said.

Mon
31
Jul
The Editors's picture

June Multifamily Rents Hit Biggest One-Month Increase In Years

June Multifamily Rents Hit Biggest One-Month Increase In Years

U.S. multifamily rents jumped $12 in June, posting the largest one-month increase in several years, according to a release from Yardi-Matrix.

Average rents rose $12 to $1,349, a 2.7% increase on a year-over-year basis, in the 121 markets the survey covered.

Mon
31
Jul
The Editors's picture

Older Millennials Leaving The City For Urban-Like Suburbs

Older Millennials Leaving The City For Urban-Like Suburbs

John Burns Real Estate Consulting’s latest research shows older millennials are leaving the city for urban-like developments in the suburbs which he calls surban.

By Annie Radecki

Senior Manager

John Burns Real Estate Consulting

The top-grossing restaurant in the Philadelphia metro used to be a French bistro in ritzy Rittenhouse Square, but a suburban mini-chain is now hot on its heels.

Philadelphia restauranteurs scoff at its success because City Works lies 20 miles outside of the actual city in the mixed-use Village at Valley Forge in King of Prussia, PA.

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

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