Apartment Watch
Things to watch, what to know, in your apartment operation
New NMHC construction survey finds record impact on availability of construction labor
A record 93 percent of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the eighth edition of the...
Rent delinquencies up slightly in September surveys
The “week 37” release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is...
HUD awards $143 million in grants to support construction and project rental assistance for...
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Wednesday that it has awarded $143 million in...
Upzoning coming to California
California Governor Newsom recently signed a series of bills seeking to address the shortage of housing in the state. The bills. SB-8, SB-9 and...
Multifamily housing construction pipeline grows
The Census Bureau’s new residential construction report for August reported a surge in multifamily housing construction permits and starts, although completions continued to lag. Multifamily...
Builder confidence steadies as material and labor challenges persist
Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply...
HUD announces $180+ million in COVID-19 funding for multifamily owners
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced that it is opening a new application period for...
CBRE: Foreign investment in multifamily lower in 2021
A new report from CBRE found that both the dollar value of foreign investment in multifamily properties as well as foreign investment’s share of...
ULI Foundation announces $1 million gift to launch effort to decarbonize cities
The Urban Land Institute (ULI), a global research and education organization focused on shaping the future of the built environment for transformative impact in...
Construction materials prices up despite lumber price declines
The Bureau of Labor Statistics (BLS) released its producer price index report for August 2021. It showed that construction components and materials prices were...
Nation’s apartment industry testifies before the House Committee on financial services
On behalf of the nation’s rental housing industry, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC), David Schwartz, Chairman and CEO...
Mortgage payments for new homebuyers are rising faster than rents
The national median monthly mortgage payment for homebuyers rose 67 percent faster than rents during the same period, according to a new report from...
