The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated overall employment grew in November. However, the employment levels for 3 of the 4 multifamily-related jobs categories that we track fell from the levels in the report for Se... See more
Trepp reported that the special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in November. After rising rapidly in 2024, the multifamily CMBS special servicing rate has occupied a narrow range and even shown a slig... See more
The Census Bureau’s quarterly report on home ownership and occupancy for Q3 2025 stated that the rental housing vacancy rate was 7.1 percent, up 0.1 percentage points since last quarter’s report. This was the highest Q3 vacancy rate reading since 2018. Va... See more
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of total non-farm job openings in October rose to 7.23 million. This is up 446,000 openings since the August report. Employment in both constr... See more
Yardi Matrix reported that the national average asking apartment rent fell $8 in November compared to the revised level of the month before to $1,740 per month. The national average year-over-year asking apartment rent growth was +0.2 percent, down 0.3 pe... See more
