Single-Family Rental Industry Ended 2021 on a High Note For Landlords The venerable John Burns Real Estate Consulting recently shared their thoughts on what 2022 will bring to the rental and housing industry. They predict that new lease effective rents will continue to rise, with several popular in-migration markets producing double-digit rent growth over the
Inflation at Highest Level Since 1982 The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.5% in December, 2021. However, the all items index rose 7% for the 12 months ending December, the largest 12-month increase since 1982. Click here to read the full release
Yardi Says After Record Year, What’s in Store for 2022? According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in December increased $ 2 to $ 1,594 (13.5% year-over-year). Encouragingly, Yardi says rent growth in2021 was more than double any previous year recorded by Matrix. “We anticipate that 2022 will be
Lumber Prices Are Soaring Again Mortgage News Daily is reporting that after a few months of moderation lumber prices are once again soaring. Citing data from the National Association of Home Builders, lumber prices have nearly tripled over the past four months, causing the price of an average new single-family home to increase by more
Changes in State Population Over One Year Recently reported moving data keeps showing an exodus from high-tax states to those with better climes. Today’s graphic from the U.S. Census Bureau shows changes in population for all 50 U.S. states (and Puerto Rico) and it seems to be pretty consistent with the recent data. Stay safe
Best & Worst Drivers By City 2021 Which cities have the best & worst drivers? Conventional wisdom might say that would be hard to quantify but the folks over at QuoteWizard (part of lendingtree) gave it a shot. They analyzed two million car insurance quotes from drivers in America’s 70 largest cities to come up
