Economy Watch: Senior Housing Enjoys Strong Returns, But Also A Few Jitters
The senior housing sector continues to outperform other asset classes, despite decreased investor interest in the property type in the first half of 2016.
Market Pulse for December 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: According to the Census Bureau and the U.S. Department of Housing and Urban Development, multifamily housing starts—both two to four unit buildings and buildings with five or more units combined—recorded a steep decline in September. Over the month, multifamily starts fell by 38 percent from a seasonally adjusted annual rate of 426,000 to 264,000, starts of buildings with two to four units dropped from 17,000 to 14,000, but starts of five or more unit buildings declined by 38.9 percent from 409,000 to 250,000. Over the past 12…
Rent Growth
Rents grew 4.4% nationwide in October, a 30-basis-point decline from September and a 230-basis-point fall from the recent high of 6.7%, in October 2015.
Top 5 NYC Multifamily Sales
Top 5 multifamily sales recorded in the month of October 2016
Economy Watch: Interest Rates Headed for a Hike
Job gains averaged 180,000 per month from January through October.
Rent Growth
Rents grew 4.7% nationwide in September, a 30-basis-point decline from August and a 200-basis-point fall from the recent high in October 2015.
Top 10 NYC Multifamily Sales
Top 10 multifamily sales recorded in the Third Quarter of 2016
Economy Watch: Consumers Feeling a Little Better in Early November
Consumers are feeling a little better about the U.S. economy, or at least they were before the election.
Yardi Matrix: Austin’s Fundamental Growth
Austin continues to be one of the rapidly growing metros in the U.S. Its economy is experiencing healthy gains, with employment and population growth well above national averages.
Economy Watch: Rents Put the Squeeze on Florida, California Renter
Another post-election moment: Standard & Poor’s affirmed on Thursday the credit rating of the United States as AA+ with a stable outlook.