HAMILTON, NJ – Total construction starts slipped 6% from December to January to a seasonally adjusted annual rate of $759.2 billion, according to Dodge Data & Analytics. All three major categories moved lower in January — residential building starts fell 8%, nonresidential building lost 6%, and nonbuilding starts moved 2% lower. With only one, limited…
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Every month NAR produces existing home sales, median sales prices, and inventory figures. Let’s take a look at the market in the last 10 years, from 2009 through 2019.
It’s taboo to be critical of our residents, but the reality is residents create logistical challenges every day for properties by just living their lives. On any given day, a typical Class A property can have as many as 100 different service providers arriving onsite to deliver goods and services. Every one of these service…
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Despite significant sales declines in the West, overall existing-home sales increased substantially year-over-year.
BLUFFTON, SC – JMG Realty announced that Enclave at Bluffton Park, a 110-unit luxury multifamily community under construction in Bluffton, South Carolina, will open its doors to the public March 2nd with move-ins expected shortly thereafter. The first building will include both one bedroom apartments and three bedroom townhomes, as well as the leasing office…
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At the national level, housing affordability conditions improved in December 2019 compared to a year ago and fell modestly compared to November.
(This is the third blog in our current series on amenity pricing) It’s a classic conversation that will be familiar to every revenue manager who has ever had rehab units in their portfolio: Property Manager: “I need to lower my one-bedroom prices” Revenue Manager: “Ok. What, exactly, makes you feel that way? Property Manager: “I’ve got…
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OVERLAND PARK, KS – Sherman Residential announced its acquisition of The Sovereign at Overland Park, a 2013 constructed Class A garden multifamily community located in the southern Kansas City metroplex. The Sovereign is in Johnson County s Blue Valley School District, one of the top-rated districts in the country. With access to major highways and…
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The foot traffic index increased 6.2 points in January from the prior month and was unchanged from one year ago.
The latest month’s decline in housing starts is nothing to be concerned about.
