Category: multifamily
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Inflation numbers
US Inflation Rate (CPI), YoY % Change… Jun 2022: 9.1%Jul 2022: 8.5%Aug 2022: 8.3%Sep 2022: 8.2%Oct 2022: 7.7%Nov 2022: 7.1%Dec 2022: 6.5%Jan 2023: 6.4%Feb 2023: 6.0%Mar 2023: 5.0%Apr 2023: 4.9%May 2023: 4.0%Jun 2023: 3.0% From @EPBResearch Shelter/Rent is adding ~150bps…
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Average build times for construction 2022
Thought this information was interesting. The average time to build a new single-family home in 2022 was 9.6 months, 6 weeks longer than in 2021 Average Build Times 8.9 months built for sale11.6 months build to rent11.3 months built by…
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U.S. Rents Fall for First Time in 3 Years
By Kerry Smith via floridarealtors.org Study: March asking rents fell 0.4% to $1,937 year-to-year, the lowest level in 13 months. But 4 Fla. cities in the study saw increases ranging from 0.7% to 3.9%. The median U.S. asking rent fell…
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Bending but not Breaking…
Bend but not Breaking There have been 41 corporate defaults in the U.S. and one in Canada so far this year, the most in any region globally and more than double the same period in 2022, according to Moody’s Investors…
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Economic Updates and News
Information and content provided by Titan <—– CLICK HERE for access Forget the Butterscotch candies, I’ll just buy some Werther’s Stock! Older Americans are defying traditional wisdom—the old “100 minus age” equity-allocation rule—by sticking with stock-market investments in lieu of…
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Tampa Bay rents have shot up. Why have apartments gotten so expensive?
A multi-family housing expert discusses trends and challenges in the local rental market. By I have put the majority of this article written by Rebecca on our site as Casey Babb is one of the top brokers in our industry…
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Are More Apartments in Store for America’s Malls?
BY DAVID MATTHEWS Via Costar/Loopnet PUBLISHED ON MARCH 30, 2023 More Retail REITs Are Selling to Residential Developers Residential developers who are buying into struggling shopping centers and malls across the country are seeking their own form of retail therapy.…