The Census Bureau's report on new residential construction stated that multifamily permits and completions rose in September. Starts were reported lower but were actually higher than the preliminary level reported last month. Single family permits, starts... See more
Fannie Mae's multifamily starts forecast was revised lower again this month. Fannie Mae is now predicting 438,000 multifamily starts in 2026 and 403,000 starts in 2027. The outlook for single-family housing starts was for slightly more starts in 2026 but ... See more
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.5 percent month-over-month in September on a seasonally adjusted basis. The intermediate demand index of components and materi... See more
Trepp reported that the special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans rose 17 basis points in September. The overall CMBS special servicing rate on commercial property was also higher, rising 7 basis points in t... See more
Yardi Matrix reported that the national average asking apartment rent fell $1 in September compared to the revised level of the month before, reaching $1,775 per month. The national average year-over-year asking apartment rent growth was +0.7 percent. Ren... See more
