The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that overall employment surged by 172,000 jobs in May. In addition, last month’s employment gain was revised 64,000 jobs higher to 179,000 jobs and March’s gain, originally r... See more
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of total non-farm job openings in April jumped to 7.62 million, the highest level in nearly two years. This is up 731,000 openings from the re... See more
The Census Bureau’s report on construction spending stated that the value of multifamily residential construction put in place in fell 0.28 percent in April from the revised level of the month before. Spending on single-family residential construction was... See more
The latest rent report from Apartment List shows that national median rents rose in May with month-over-month rent growth of 0.54 percent. Year-over-year rent growth remained negative at -1.45 percent. Apartment List reported the national median apartment... See more
After significant upward revisions last month, Fannie Mae’s May housing forecast was revised slightly lower this month. Fannie Mae is now predicting 431,000 multifamily starts in 2026 and 407,000 starts in 2027, each down 4,000 starts from last month’s le... See more
