Research Center
Market Pulse for October 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: Housing starts of buildings with five or more units rose by 8.3 percent over the month of July 2016 to a seasonally adjusted annual rate of 433,000. This is the highest level of five or more unit housing starts since September 2015. The month-over-month increase in July is the fourth consecutive month of recorded gains. Over this four-month period, from April to July, starts of buildings with five or more units rose by 22.7 percent. Measured at a seasonally adjusted annual rate, the average number of housing…
Top 5 NYC Multifamily Sales
Top 5 multifamily sales recorded in the month of August 2016
Rent Growth
Rents were up 5.0%, which is down 50 basis points from the previous month, 110 basis points from April and 170 basis points from the recent peak last October.
Economy Watch: Negative Signals for the Economy
A number of new datapoints this week show a somewhat unfavorable picture for the U.S. economy as we near the end of 2016.
2016 Top Multifamily Property Managers
MHN reveals the top property management firms of 2016.
Economy Watch: State Jobless Rates Stay Stable
Jobless rates bumped up in August for only six states, which is reasonably good news for most state economies and real estate markets.
Yardi Matrix: Miami’s Booming Market
Multifamily Summer Report 2016: More than 10,000 units are expected to be added this year and next.
Yardi Matrix: Sacramento’s Hot Market
A robust job market and low levels of new supply have propelled rent growth.
Yardi Matrix: Steady Growth in St. Louis
Multifamily Summer Report 2016: An influx of professional jobs and the area’s relative affordability are attracting residents and lifting demand for apartments.
Yardi Matrix: Indianapolis Rebounds
Multifamily Summer Report 2016: Demand is picking up, with a record number of units on tap to come online by the end of the year.