Fleet Financial Group has received approval for its 350,178-SF, hotel and residential development, Eastern Emerald, which is expected to be complete in 2024.

Redfin chief economist Daryl Fairweather says investors might be shifting from stocks to houses as "a relatively safe bet."

In this environment, the landlord may face challenges finding a new tenant.

NAHB added a new element this quarter—the Multifamily Occupancy Index, which measures the perception of occupancies in class A, B, and C existing apartments.