Total nonfarm payroll increased by 114,000 in July, per the U.S. Bureau of Labor Statistics.
Category: News and Trends
Yardi Matrix: July Multifamily Data Shows Positive Signs Despite Modest Rent Growth
Yardi Matrix, Santa Barbara, Calif., found multifamily advertised rents rose for the sixth straight month in July as demand from economic growth and demographics remained solid. The average rent increased $4 to $1,743, or 0.2% month-over-month, and is up by 0.8% year-over-year.
Lodging Econometrics Expects Hotel Supply Growth Through 2026
The hotel construction pipeline just reached a record.
Dealmaker: Greystone Provides $14.5M in Financing for Alabama Multifamily
Greystone, New York, has provided a $14.5 million Fannie Mae Delegated Underwriting & Servicing loan to refinance a 216-unit multifamily property in Hoover, Ala., near Birmingham.
CREF Policy Update: Federal Reserve Keeps Rates Unchanged; Rate Cut in September?
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Fed Holds Rates Steady Again
The Federal Reserve again held rates steady July 31, noting that there has been “some further progress toward the Committee’s 2% inflation objective” over the past few months.
MSCI: Commercial Property Prices Rise in June
Commercial property prices broke from their pattern of declines in June after a year and a half of losses, according to MSCI, Inc., New York.
CREW Survey: Women in Commercial Real Estate Say Deals Currently More Difficult
CREW Network, Lawrence, Kan., released a survey of women in commercial real estate, finding that in the second quarter, 66% said dealmaking was more difficult. That’s up 10% from the year-ago figure.
Commercial/Multifamily Briefs, Aug. 1, 2024
Commercial/multifamily news from Dwight Capital, CBRE and SS&C Technologies Holdings.
MSCI: Commercial Property Prices Rise in June
Commercial property prices broke from their pattern of declines in June after a year and a half of losses, according to MSCI, Inc., New York.