Multi-Housing News - September 2009 - (Page 12)

FREE LIVE WEBCAST Drive More Efﬁciency In Your Operations By Automating Supply Chain and Payment Processing Join us on Thursday, September 10, 2009 @ 2PM EST / 11 AM PST market pulse Commentary and Data Supplied by Bernard Markstein, Director of Forecasting, National Association of Home Builders Multifamily Starts CPI vs. Rent Automating your entire purchasing cycle, from purchase order to invoice is one way to save money and streamline your organization. Multi-housing owners need solutions and tools that can cut the invoice processing cost by two thirds and reduce the time spent on procurement. Join Multi-Housing News for this live, interactive Web Seminar, sponsored by SiteStuff and hear from industry experts how technology combined with the right business processes can make accounts payables tasks simpler and more efﬁcient. Attend this online-only event and learn about industry metrics and trends, and review technology options in the marketplace today. Multifamily Starts: The numbers keep getting smaller for multifamily starts. Not only were the starts for July back to the historic low we saw last April, but May and June starts numbers were revised downward after their initial release. While single-family starts were up—largely as a result of the $8,000 first-time home buyer tax credit—the impact on multifamily construction was minimal. There was no direct program aimed at the multifamily market to help kick start activity. Meanwhile, restrictive credit conditions make it nearly impossible to secure financing for a new multifamily project. Continued inactivity in multifamily construction is likely to result in rising rents when inventory is finally absorbed and demand returns to something closer to normal. CPI vs. Rent: As the cost of living continued to drop, the rental segment of the CPI also reflected a drop in growth rate. This month’s rental numbers represent a 2.3 percent gain over ’08 at this time. A year ago, the CPI had grown 5.6 percent year-over-year, and the rental segment had grown 3.7 percent. That the rental segment is still showing any growth is surprising, since the national vacancy rate also is growing, hitting 8.1 percent in the second quarter. To comment, contact Keat Foong at keat.foong@nielsen.com REGISTER NOW at www.multi-housingnews.com/webinar SPONSOR: PRESENTED BY: MHN ONLINE For charts and commentary on multifamily starts, apartment vacancies, interest rates and building material prices, visit www.multi-housingnews.com/marketdata 12 September 2009 | Multi-Housing News http://www.multi-housingnews.com/webinar http://www.multi-housingnews.com/webinar http://www.multi-housingnews.com/marketdata

Table of Contents for the Digital Edition of Multi-Housing News - September 2009

Multi-Housing News - September 2009
Contents
From the Editor
Letters to the Editor
Executive Insight: Jack Kern
Market Pulse
Conversation with Shaun Donovan
Property Management
Global Market Report
Development & Design: Low-Rise
Directory: Top Architects
Kitchen & Bath: Cabinets
Products: Leasing Tools
Technology: Lead Management
NMHC Notebook

Multi-Housing News - September 2009