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Single-family rentals are continuing to grow in built-to-rent communities. Both rent and occupancy growth have been strong in recent months while remaining a financially viable option for renters.
Multifamily asking rents broke the five-month streak of sequential average declines in January, rising 0.07 percent, shows a new special report from Yardi Matrix.
The average age of a main instructional school building in the United States is 49 years, according to a survey by the National Center for Education Statistics (NCES). About 38% of schools were built before 1970. Roughly half of the schools surveyed have undergone a major building renovation or addition.
The U.S. rental market in early 2024 is moderately competitive, with apartments taking an average of 41 days to find tenants, according to the latest RentCafe Market Competitivity Report.
While volatility persists, architecture firms reported healthy performance for 2015.
In December, construction material prices fell for the sixth consecutive month. Prices have declined 7.2% since peaking in August 2014.
Strong job growth and dwindling consumer debt give rise to hope.
More than 100,000 rooms could be delivered this year alone.
The largest revisions came in the last two years and were largely upward.
By all indications, 2015 was another solid year for U.S. architecture, engineering, and construction firms.
Only 4 of 16 subsectors showed gains
Business conditions show continued strength in South and West regions.
ABC forecasts growth in nonresidential construction spending of 7.4% in 2016 along with growth in employment and backlog.
