What I'm Reading Material Shortfall: Dealers in John Burns’ building products survey appear to be planning and buying inventory based on an inaccurate expectation of growth in 2022. If the results of the survey turn out to be accurate, materials companies are underestimating demand, which will cause more shortages and...
September 9th – Back to School
What I'm Reading Back to School: COVID caused slowing of new supply in the student housing market, helping to stabilize rents. Now that class is back in session, some of the world's largest property investors are pumping billions of dollars into buying and developing off-campus housing. (h/t Mike Deermount) Wall...
June 28th – Postponed Again
What I'm Reading Kicking the Can: The CDC announced another extension of the housing eviction moratorium. The moratorium, which was scheduled to end June 30th and will now be pushed to the end of July. At least the length of the extensions is getting shorter, I guess. Globe Street Fighting...
June 3rd – Another One Bites the Dust
What I'm Reading Another One Bites the Dust: Katerra, a SoftBank backed startup that said it could slash the cost of building and renovating apartments with offsite construction, is going bankrupt and may not even have enough cash to pay severance. This is the latest edition to the graveyard of...
May 21st – Clogged
What I'm Reading Clogged: This week's housing starts number was a big disappointment, especially given the lack of supply that has helped lead to rising prices. It has a lot to do with a lack of finished lot inventory that has caused a major bottleneck, forcing builders to slow down. ...
May 11th – Running of the Bulls
What I'm Reading Glass Half Full: The results DLA Piper’s latest State of the Market Survey revealed no shortage of bullish sentiment about commercial real estate with 74% expressing optimism about the market in 2021 versus just 24% a year prior. Respondents were especially bullish on markets like Austin and...
April 26th – Diamond Hands
One Big Thing One universal rule that becomes even more apparent when raising young children is incentives - whether positive or negative - drive everything. Tell a kid to clean her room and you may get an attitude. Promise her a reward of some sort if its clean for a...
April 1st – Rebound
What I'm Reading Rebound: Apartment List's rent index posted its largest monthly increase since 2017 in March. The markets that saw the fastest declines in 2020 led the way. Globe Street Wiped Out: More than 10% of restaurants in the United States have closed permanently since the coronavirus pandemic began...
March 10th – Postponement
What I'm Reading Postponed: The Federal Housing Finance Agency has announced that Freddie Mac and Fannie Mae will extend multifamily forbearance for COVID-19. Qualifying multifamily property owners will be eligible for forbearance through June 30, 2021. The program was scheduled to expire on May 31, 2021. This move includes eviction...
