Articles by Jeremiah Jensen

Even tariffs might not slow multifamily construction

Multifamily construction doesn't seem ready to wind down despite rising costs...yet
There are few things that make multifamily developers nervous quite like overbuilding, and right now, despite significant increases in cost, multifamily construction is still chugging along a little faster than most multifamily pros seem to think it should be. What gives?
Read More

NAA: Multifamily parking ratios lowest since 1960s

Impending autonomous cars, ride-sharing, affordability, legislation are pushing parking ratios down
Parking ratios for multifamily properties are falling in most metros thanks to urbanization and changing attitudes toward car ownership. According to a study from the National Apartment Association, over the last decade, the average parking ratio per unit dropped to 1.46, the lowest it has been since the 1960s.
Read More

Follow the money: Inside an emerging trend that could bring relief to home prices

Shift to commercial investment could be solution to tension in single-family housing
Home prices have been appreciating rapidly as the housing shortage and other economic factors keep upward pressure on the median price point in the U.S. The trend looks nigh invincible as a strong economy and rising interest rates cement it into place. But, what if there was a developing trend that could ease that pressure?
Read More

Multifamily investment showing signs of slowing

CBRE and Real Capital Analytics research shows multifamily investment took a tumble in Q2
Multifamily investment could be showing signs of slowing down heading into the back half of the year, as investors ease up on their appetite for garden-style properties, according to research from CBRE and Real Capital Analytics.
Read More

Seattle unites to save historic music venue from being bulldozed for apartments

In face of multifamily development, Seattle fights tooth-and-nail for historic Showbox theater
Advocates won a big victory in their quest to save the historic Showbox theater in Seattle, which was on the cusp of being demolished and replaced by a brand new apartment tower development. The Seattle City Council passed an ordinance this week to temporarily expand the Pike Place Market Historic District to include the site of the legendary music hall, thereby saving the building, for now.
Read More

NPR: Rural America's future at risk thanks to lack of 'adequate housing'

Rural America is poised for a rebound, but without the housing infrastructure to support it, the future could pass it by
Rural America is facing a shortage of “adequate housing.” Despite a dwindling population and the expectation that housing prices would fall, NPR reports that affordability is worsening in rural areas due to “aging-in-place” and the gradual obsolescence of their housing inventories.
Read More

HUD seeks public comment on AFFH amendments

The Affirmatively Furthering Fair Housing Rule is up for restructuring
On Monday, HUD announced it is moving forward with its goals of “streamlining” the controversial Affirmatively Furthering Fair Housing Rule by inviting public comment on proposed amendments to it. The embattled regulations were originally enacted by the Obama administration to assess and encourage diversity in communities receiving HUD funds.
Read More

Class-A rent is still growing in a handful of U.S. markets

Despite overall softening in nationwide Class-A rent, these markets are still soaring
Despite nationally slowing rent growth in Class-A multifamily product, some markets are defying the odds and posting significant Class-A rent growth. Here's a breakdown of which markets are on the upswing in the Class-A segment.
Read More

Real estate CEO: We need more affordable housing to support the economy

Local economies are suffering from a loss of service employees thanks to a lack of affordability
For local economies to thrive, affordable housing must be built. According to Blake Plumley, CEO of Capital Pursuits, a real estate development and management firm, the affordable housing crisis is having tangible effects on local economies as it puts the squeeze on service workers who must relocate to find places to live.
Read More