The Radix Review: Multifamily Trends Explained

This is a narration of our weekly Rent and Operating Trends Report. The US economy bounced back in the third quarter, posting growth for the first time this year. After two-quarters of negative growth, which sunk the US economy into a technical recession, GDP increased by 2.6% on an annual basis. Tune in to find out more information on multifamily dynamics during the week of October 30th. Explore...

This is a narration of our weekly Rent and Operating Trends Report. Inflationary pressures remain the most important topic in the U.S. economy and this week we will have a glimpse into how higher prices are impacting consumer and corporate spending, as earnings will be released for the largest tech-companies. Tune in to find out more information on multifamily dynamics during the week of October 2...

This is a narration of our weekly Rent and Operating Trends Report. The persistent inflation that has made headlines throughout 2022 refuses to subside, as the recent September price increases showed more generational growth. This time it was core CPI, a measure that removes food and energy prices, which tend to be more volatile. Core CPI increased by 6.6%, its largest annual growth in more than 4...

This is a narration of our weekly Rent and Operating Trends Report. The employment market may finally be catching up with the rest of the economic slowdown, as the September jobs report missed estimates. While 263,000 new jobs were added to the economy, estimates called for 275,000. The unemployment rate dropped to 3.5% but the decline was due to a lower labor force participation rate, another sig...

This is a narration of our weekly Rent and Operating Trends Report. The third quarter ended on a rather bleak note, as the final estimate of Q2 GDP showed negative growth once again. While we have known that the economy has been in a technical recession for some time, last week’s read serves as confirmation of the shrinking economy. And while we won’t likely see a drastic decline in growth this qu...

This is a narration of our weekly Rent and Operating Trends Report. The U.S. economy is now firmly playing defense as additional fundamental weaknesses emerge. Major equity indices have fallen back into bear market territory, and GDP will likely remain negative when the final estimate of second quarter economic growth is released on Thursday. Job growth and consumer and corporate balance sheets re...

In today's episode we discuss growing concerns with housing affordability as rents and home prices have skyrocketed over the past two years. Are we in a housing shortage? How many apartment units will need to be built over the next 15 years to meet future demand? We are joined by NMHC's Senior Director of Research Chris Bruen, as he shares recent data from a number of studies the NMHC ha...

This is a narration of our weekly Rent and Operating Trends Report. The August Consumer Price Index came in higher than anticipated despite declining energy costs in recent months. Many economists were hoping for further deceleration in overall prices, and the unexpected increase sent markets into a tailspin. As a result, the Fed is now almost certain to raise interest rates at least another 75 ba...

This is a narration of our weekly Rent and Operating Trends Report. Economic volatility continues to confuse market participants as new data fails to provide a consistent message on the health of the overall economy. A robust employment market set against declining GDP and high inflation has most stock and bond analysts scratching their heads. The Fed has made it clear they will maintain significa...

This is a narration of our weekly Rent and Operating Trends Report. As the summer unofficially comes to a close, the U.S. economy finds itself in a similar place to where it was when the summer began. Volatility, disparity among economic indicators, and rising interest rates highlight the key aspects of the current economic landscape. And while we have focused mostly on the domestic economy, globa...

This is a narration of our weekly Rent and Operating Trends Report. While the fundamental underpinnings of the U.S. economy did not change as the result of last week’s speech from Fed Chair Jerome Powell, the remarks, and the stern and straightforward tone with which he delivered them indicates that the economy is likely in for a challenging slog. Contrary to typical Jackson Hole Economic Symposiu...

This is a narration of our weekly Rent and Operating Trends Report. As the fall approaches, the U.S. economy continues to show signs of a slowdown, however, given the strength of the employment market, the likelihood of a soft landing is high. The price of oil retreated from its recent high in June, and if the trend continues, I expect to see inflation decline as well. All eyes will be on Jerome P...

This is a narration of our weekly Rent and Operating Trends Report. July inflation came in at 8.5% on a year-over-year basis, and in a sign of the recent times, many economists and wall street analysts celebrated the lower-than-expected report. Economists had anticipated 8.7% price growth following 9.1% in June. As a result, equity markets continued to rebound from early-summer lows. The modest in...

This is a narration of our weekly Rent and Operating Trends Report. Economic optimists ended last week on a strong note, as the July employment numbers showed more than half a million new jobs added last month. New jobs were added across a variety of sectors, showing the diversity and strength of the continued employment recovery. In fact, with the significant increase in jobs created last month,...

This is a narration of our weekly Rent and Operating Trends Report. The U.S. economy continues to show signs of weakness as growth has slowed significantly throughout the first seven months of 2022. By the traditional definition, the economy entered a recession after posting a second consecutive quarter of contracting GDP, according to the initial second quarter estimate released last week. While...

This is a narration of our weekly Rent and Operating Trends Report. Inflationary pressures remain throughout the economy; however, a welcome sight may be emerging as oil prices appear to have stabilized around $100 per barrel. While the cost of a barrel of oil remains elevated above long-term trends, the current price reflects a decline from its peak in recent months. For the past 4 weeks, oil has...

As the macro economy shifts rapidly from growth to recession, what are the main factors that will impact multifamily market. Blerim Zeqiri, CEO and Founder of Radix, joins us to share his thoughts on the current economic situation, the impact of rising interest rates, and how owners and operators can weather the economic downturn. Join us for a deep dive into the state of the multifamily industry!...

This is a narration of Radix's weekly Rent and Operating Trends report. Following another increase in annual inflation, economic prospects for 2022 have dampened significantly. The annualized CPI increased 9.1% in June, the highest price jump in more than 40 years. As a result, many forecasters now believe that inflation will remain persistent for some time. According to David Solomon, CEO of...

This is a narration of Radix's weekly Rent and Operating Trends Report. The U.S. economy continues to search for signs of optimism in the face of significant headwinds as we move into the third quarter. Persistent inflation has led to a swift tightening of monetary policy which has increased recession predictions from leading economists. While the short end of the treasury yield curve is incr...

This is a narration of Radix's weekly Rent and Operating Trends Report. Equity markets recently wrapped up their worst first half of a calendar year in more than 50 years as economic turbulence remains. First quarter GDP was negative, and indicators point toward an additional decline in the second quarter, according to the widely monitored Atlanta Fed GDP now tracker. A second consecutive neg...

This is a narration of Radix's weekly Rent and Operating Trends Report. Economic conditions remain turbulent and will likely stay that way through at least the summer months. The final estimate of first-quarter GDP will be released on Wednesday and economists expect it will remain negative. As the second quarter comes to a close, the likelihood of a recession this year increases. Consumption...

This is a narration of our weekly Rent and Operating Trends Report. The U.S. economy remains on very shaky ground as the Fed continues to tighten monetary policy quickly. Last week, the Fed increased interest rates 75 basis points, the largest single increase since 1994. As the central bank tries to curtail inflation, the multifamily industry is beginning to feel the effects of higher interest rat...

This is a narration of Radix's Rent and Operating Trends report. After a brief pause in April, which led to some economists predicting a further slowdown in future prices, inflation once again reared its ugly head in May, as prices increased 8.6% annually. This marks the highest inflation rate since 1981. As a result, treasury rates have spiked once again with the ten-year treasury now yieldi...

This is a narration of Radix's Rent and Operating Trends Report. While there is plenty of warranted speculation on the slowing economy and the potential for a recession, the employment market keeps chugging along, continuing its steady recovery with very strong job growth. Roughly 390,000 new jobs were added in May, exceeding economists’ expectations. The April jobs report was also revised to...

This is a narration of Radix's weekly Rent and Operating Trends Report. The U.S. economy continues to adapt to a new paradigm. Easy money policies from both the Fed and Congress are behind us, inflation continues to run hot, and the rapid GDP growth that followed the COVID shutdowns has dwindled. The stock, commodity, and cryptocurrency markets may still be in for a period of volatility, but...