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Construction Spending Up Slightly

Construction Spending Up Slightly The U.S. government is reporting that total construction spending in November was at a seasonally adjusted annual rate of $ 1,459.4 billion, which is 0.9% above than October’s revised estimate.  In addition, October’s figure was 3.8% higher than November, 2019.  Residential construction was at a seasonally adjusted annual rate of $

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Yardi Says Rents Declined Slightly in November

Yardi Says Rents Declined Slightly in November According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were down 0.5% year-over-year in November.  Interestingly, they point out that a “renter exodus” from gateway cities like New York, San Francisco, Washington D.C., Chicago, Boston and Los Angeles continues with these markets exhibiting larger

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