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Job Growth Slows in March after Three Strong Months

By Ron Johnsey, President, and KC Sanjay, Senior Real Estate Economist U. S. Job Growth Slows to 120,000 Jobs (SA) in March For the U.S., annual job growth, not seasonally adjusted, was 1.5 percent and 1.9 million jobs, or 162,400 jobs per month, in March (p) 2012. In March 2011, the numbers were 1.1 percent [...]

Despite December Downturn, 2012 Looks Strong for Apartments

Article from REBusinessOnline.com A newly released report from Axiometrics Inc. shows that during the last three months of 2011, national effective rental rates for the apartment sector declined by 1.05 percent. This compares to a decline of just 0.59 percent over the same period in 2010. However, because effective rents had grown so much during [...]

U.S. MultiFamily Market Update, CRE Radio, Ron Johnsey

U.S. MultiFamily Market Update Original Air Date: 2/02/012 The show provides an enlightening update on the U.S. multi-family industry. The panel of multifamily experts share a comprehensive update on the multifamily market. Discussions include cap rates for various property classes around the country, the current and future investment market for core and distressed properties and [...]

After Aggressive Growth Through September, Effective Rents Head Into Seasonal Pattern.

The apartment market wrapped up another strong leasing season in September. Sequential growth did lose some steam over the last couple months, but effective rents were pushed just as hard through the first nine months of 2011 as they were year ago. Concession values also continued to tighten, and occupancy rates remained strong through September. [...]

Boston’s rental market remains tight … and pricey

Boston’s apartment market remains one of the tightest — and priciest — in the country, a situation that is unlikely to change in the near term amid strong renter demand and a dearth of new housing supply coming on line.