Yardi Says Rent Growth is Breaking Records Nationwide
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in July increased $ 25 to $ 1,539 (up 10.3% year-over-year). Yardi says the recovery in rents is widespread and being fueled by a return to urban cores, job growth and an increased savingRead More
NMHC Says 72% of Apartment Households Paid Rent by September 6th
The National Multifamily Housing Council (NMHC) says that 80.2% of apartment households made a full or partial rent payment by September 6th, 2021. This figure is 4.4% higher than those who paid rent through September 6, 2020. The data comes from the NMHC’s Rent Payment TrackerRead More
Working for a Living
All across the nation men & women are engaged in numerous trades and occupations – and let’s not forget they all need a place to live! Recent data from the U.S. Census Bureau took a look at selected occupations with more than 1 million full-time, year-round workeRead More
Study: How Are Landlords Faring During the COVID-19 Pandemic?
A recent study from Harvard’s Joint Center for Housing Studies asks, “How Are Landlords Faring During the COVID-19 Pandemic?” In the report, 2,500 landlords shared information about their rental property portfolios, as well as the individual rental properties tRead More
Rentable Says September Rents are Surging
Rentable says that the median nationwide rent price for one-bedroom units in September was $ 1,219 (up 2.4%) with two-bedroom units coming in at $ 1,479 (up 2.09%). Year-to-date, Rentable says one-bedrooms are now up 8.27% and two-bedrooms have gained 6.87%. Be sure to check ouRead More
65% of New Homes have Porches
Porch-sitters take note; According to new research from the NAHB’s Eye on Housing, 65.3% new homes built in 2020 were equipped with a porch. While this might sound mundane, it marks only the 3rd time that porches have broken the 65% threshold. The data showed that porchRead More