Average U.S. monthly apartment rents held steady in February at $1,306, unchanged from the previous month, according to data compiled in the most recent survey of 124 markets by Yardi® Matrix.

Lincoln Property Company today unveiled LPC West – a unit that will be led by veteran Lincoln executive David Binswanger who has spearheaded much of the company’s growth throughout Southern California over the past decade, including the development of many high-profile projects in the burgeoning Silicon Beach and Downtown Los Angeles markets.

Sacramento, Las Vegas, Dallas, Atlanta and Phoenix Named Top 5 Markets to Buy Multifamily Units

Ten-X, the nation's leading online real estate marketplace, today released its latest U.S. Apartment Market Outlook, including the top five 'Buy' and 'Sell' markets for multifamily real estate assets. The long-term forecast reveals the sector remains strong after years of booming growth, but may now be primed for a slowdown after far surpassing its prior cyclical peak.

$5 gain for the month reflects strong industry drivers

Average U.S. monthly apartment rents rallied in January, rising by $5 for the first overall gain in five months. Rents finished the month at $1,315, according to data compiled in the most recent survey of 124 markets by Yardi® Matrix. All details can be found in the Yardi Matrix Monthly for January.

Apartment markets continued to retreat in the January National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. All four indexes of Market Tightness (25), Sales Volume (25), Equity Financing (33) and Debt Financing (14) remained below the breakeven level of 50 for the second quarter in a row.

A decline of $4, on average, in U.S. monthly rents in December failed to damper what was overall a strong year for rent growth in 2016.

This month's CoStar Commercial Repeat Sale Indices (CCRSI) provides the market's first look at commercial real estate pricing trends through November 2016. Based on 1,120 repeat sale pairs in November 2016 and more than 170,000 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat sales activity.

At a seasonally adjusted annual rate of $638.3 billion, new construction starts in November retreated 6% from October, according to Dodge Data & Analytics.  Each of the three major construction sectors experienced reduced activity in November.  Nonresidential building continued to recede from its elevated September pace, even with the November start of several large projects, most notably the $3.0 billion new football stadium for the Los Angeles Rams in Inglewood CA.  Residential building in November settled back after strengthening in October, maintaining the up-and-down pattern that's been present since August.  Nonbuilding construction in November declined after its public works segment had been lifted in October by the start of several large projects, including the $1.7 billion Mid-Coast Corridor Transit Project in San Diego CA and the $850 million State Highway 288 Tollway project in the Houston TX area.  For the first eleven months of 2016, total construction starts on an unadjusted basis were $627.2 billion, essentially matching the amount reported for the same period a year ago.  During the second half of 2016, the year-to-date performance for total construction starts has shown consistent improvement, even with the recent deceleration, given the comparison to the weaker activity reported during last year's second half.  Excluding the volatile manufacturing plant and electric utility/gas plant categories, total construction starts during this year's January-November period would be up 4%.

Top Ranking of HUD Lenders Capped by Another Banner Month, Closing $300 Million in FHA Deal Volume in November