Tag: multifamily

HAMILTON, NJ – Total construction starts rose 19% in August to a seasonally adjusted annual rate of $793.3 billion. Gains were seen in all three major building sectors: nonresidential building starts rose 16% and residential building climbed 12%, while nonbuilding construction jumped 40% over the month. While large projects certainly influenced the August gains, removing…
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Housing market activity this August rose 2.4% from July 2020, reaching a 6.00 million seasonally adjusted annual rate. August’s sales of existing homes jumped 10.5% from August 2019.

Alright, let’s talk long-term changes.  I know long-term anything is really difficult to think about right now because a lot of us in this industry are trying to figure out how we’re going to survive the rest of 2020. But that’s what we thought back in March when COVID-19 launched itself into our lives and…
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Unemployment Claims at Lowest Level of the Pandemic New jobless claims totaled 790,021 in the week ending September 12, a decrease of nearly 9% from the previous week. By:  Nadia Evangelou

August represents the second month of increasing nationwide foot traffic, with home showings for three of the four regions seeing increases in year-over-year activity, according to data from SentriLock®, LLC, a lockbox company.

LADY LAKE, FL – ConcordRENTS announced the Grand Opening of Lake Sumter Apartment Homes, a $28.7 Million affordable housing community, consisting of 158 apartment homes serving those making 40% – 80% of the area median income. Located minutes from the Lake Sumter Landing in The Villages, Lake Sumter Apartment Homes is the newest affordable community…
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 Resident retention is usually thought of in terms of what the landlord or property manager can do around the end of a resident’s tenancy to encourage them to stay: clear communication, responsiveness, concessions, a new appliance, and so forth.  But in this article we take a position that resident retention should start much earlier in…
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The housing market continues to recover strongly, fueled by low mortgage rates.

PHOENIX, AZ – Banyan Residential has announced the start of new construction at 5321 E. Washington in Phoenix, Arizona, marking the company’s second ground-breaking in the area this year. Centrally located just east of the Loop 202 Freeway and directly adjacent to the Valley Metro light rail, the project will offer 223 market-rate apartment units…
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The global pandemic drastically altered the way people live their lives virtually overnight. But after everyone got past the immediate shock and exasperation of staying home, society began to adjust.  While many newfound processes have been spurred entirely by necessity and will be considered a temporary adjustment due to the odd dynamic of 2020, others…
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