Radix

The latest Tech Talk podcast from Dom Beveridge at 20for20, featuring antitrust attorney Ethan Glass, is an in-depth look at the regulatory challenges impacting the multifamily industry.     Finding clear context and perspective on recent headwinds has been difficult—until now. In this episode, Dom and Ethan break down key events shaping the industry, offer insights on what's happening today, and provide a forward-looking view on what the future may hold. For anyone in the multifamily industry looking for expert analysis, this conversation is a must-listen.    🎙️Tune in here: https://lnkd.in/gVSu-m5C

Closing ratios have been stronger for #multifamily leasing, and annual rent growth is on the verge of turning positive at the national level. Effective rents did not drop as much this October as they did last year. For the month, rents only declined 46 basis points compared to a decline of 133 basis points a year ago. Also in this week's report: -Mixed readings on October's job report -Robust GDP for Q3 driven by consumer spending -Fed on the verge of lowering interest rates again? 🖥️ Blog post: https://lnkd.in/ecYbdp3T 🎙️ Listen on Spotify: https://lnkd.in/eh-9UwQu 🎧 Listen on Apple: https://lnkd.in/ef86MsdC #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Is Multifamily Real Estate on the Road to Recovery?   Despite the struggles in multifamily residential, the outlook is brighter for 2025. With supply levels starting to decline in some locations, and the economy holding steady, we're seeing signs of improved occupancy rates and rent growth. 📈   Curious about what's driving these shifts? Get insights from Radix Chief Economist Jay Denton as he breaks down the key trends shaping the market.   Read more: https://lnkd.in/dcBSinKB #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Based on this morning’s BLS report, the U.S. added 12,000 jobs in October. It was the lowest job gain since December 2020, but we knew this report could provide pessimistic readings due to the impact from the hurricane and the strike of Boeing workers. Additionally, the BLS report noted that the survey collection rate was “well below average”, which was influenced by a shorter collection period in October. The period can last 10 to 16 days, and it was at the lowest end of that range in October. I wouldn’t be shocked to see a bounce back in the November numbers. Of course, the numbers have been revised so much that it’s hard to tell where the final estimate will land. The job gains for August and September were lowered by a combined 112,000 jobs, which were overwhelmingly in the private sector. Given that job gains have averaged 128,000 since April, that's like wiping a full month of jobs off the board. Still, there are some other factors that point to the job market not being THAT soft. #Multifamily operational performance tends to be a good indicator of what is happening in the economy. We have seen lower traffic counts for multifamily properties, but I’m not ready to say that it is due to significant erosion in the labor market. Other indicators have been more stable and showing a normal seasonal pattern. We’ll keep monitoring that. Looking at unemployment insurance claims, both initial and continued claims declined from the end of July until late September. Then, Helene made landfall on September 26, and Milton was on October 9. Initial claims represent the first week someone files for unemployment benefits, and they give a reading into whether more people are getting laid off. Continued claims shed light on whether those that lose their jobs ultimately find one. It was a good sign for the labor market that they were both declining prior to the hurricanes, and it is interesting August and September job gains were lowered so much. Both types of unemployment insurance claims spiked following the hurricanes, and they’ve started to decline which suggests many of those impacted are getting back to work. Finally, ADP’s estimate of job gains for October was incredibly strong at 233,000. https://lnkd.in/gpm49eWd

This week's report focuses on job creation, a key driver for #multifamily performance. While #supply gets all the headlines in our industry, New York, Los Angeles, and Charleston are among several markets with five times more #jobs being created than the number of multifamily units being delivered. At a national level, the impact of hurricanes Helene and Milton could lead to a pessimistic labor market report this Friday, which will be the last reading before the presidential election. Also in this week's report: -U.S. #occupancy hits its lowest point in four years at 93.5% -Annual #rent growth inches closer to positive territory 🖥️ Blog post: https://lnkd.in/dWegX4tG 🎙️ Listen on Spotify: https://lnkd.in/dDc7tA_j 🎧 Listen on Apple: https://lnkd.in/dUwc3wm6 #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

#Multifamily permitting has been slowing since the construction boom a couple of years ago. In the last 12 moths, 398,000 multifamily units were permitted for construction. That number averaged 442,000 per year from 2015-2019. It eclipsed more than 700,000 at points in 2022 and 2023. The big wave of deliveries is in the process of being absorbed in the market, but combined with slowing job growth, it has led #occupancy rates to fall to 93.53% nationally. Operational performance should rebound in more markets in 2025 as supply levels normalize. 🖥️ Blog post: https://lnkd.in/dsmVezqA 🎙️ Listen on Spotify: https://lnkd.in/dxXRchES  🎧 Listen on Apple: https://lnkd.in/dnCf7j6M #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

U.S. #multifamily occupancy averaged just below 93.6% last week, and annual effective rent growth was -0.5%. In the latest week's RAOT report: • Job growth and interest rates outlooks based on a WSJ report • Fall 2025 forecasts for U.S. rent growth and occupancy 🖥️ Blog post: https://lnkd.in/dujJDWZT 🎙️ Listen on Spotify: https://lnkd.in/dmtuCrjG 🎧 Listen on Apple: https://lnkd.in/d3AD7zKx #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

The U.S. labor market added 254,000 jobs in September, significantly outperforming expectations. If #jobgrowth remains strong, it should clear the way for multifamily performance to normalize in more markets in 2025. For the first week October, U.S. annual rent growth was at -0.5% and occupancy was just below 93.7%. In this week's report: • More details on job growth • Probability of a recession is lowered • Multifamily performance steady from last week Check out the latest report for more details. 🖥️ Blog post: https://lnkd.in/dHH2JhcF 🎙️ Listen on Spotify: https://lnkd.in/dmu5KJAg  🎧 Listen on Apple: https://lnkd.in/dczpU8PY #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Will We See You at #OPTECH2024? At OPTECH 2024, we’re excited to tell you about Radix's vision for the multifamily industry, and our focus on transparency and accessible data. Visit Booth #447 to: • Learn how Radix is making data more accessible for all industry stakeholders. • Grab exclusive Radix swag—pre-register to secure yours! • Hear about our recent acquisition of redIQ and get a sneak peek at what’s coming next. 👉 Pre-register now : https://lnkd.in/dyEtNpFq #OPTECH2024 #Radix #MultifamilyInnovation #DataTransparency #redIQ #Booth447

This is your final chance to register for the exclusive webinar with Radix CEO Blerim Zeqiri and SVP of Commercial Strategy, Benjamin Beggs! Don’t miss out on the inside scoop behind Radix’s acquisition of redIQ and what’s next for multifamily data innovation. 🗓️ Date: Thursday, 10/3/2024 🕑 Time: 2:00 PM EDT / 11:00 AM PST ⏳ Length: 45 minutes Register now: https://lnkd.in/dHfDEAXK #MultifamilyData #RadixRedIQ #Webinar #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata