Thursday, February 27, 2020

Apartment watch

Things to watch, what to know, in your apartment operation

New report explores problem of ‘credit invisibility’ among HUD-assisted households

Landlords and property management groups regularly use credit checks to make determinations about renting to potential tenants and many employers incorporate credit checks in hiring decisions. A low credit score or credit invisibility can...

HUD awards $2.7 billion to improve and preserve public housing

The U.S. Department of Housing and Urban Development (HUD) awarded more than $2.7 billion to public housing authorities (PHA) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and...

Los Angeles takes top spot as nation’s least affordable housing market

San Francisco, which has been the nation's least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells...

NAHB testifies house energy bill would harm housing affordability

The National Association of Home Builders (NAHB) today urged the House to oppose to H.R. 3962, the Energy Savings and Industrial Competitiveness Act of 2019, warning that the legislation would exacerbate the nation's housing affordability woes. Testifying on...

CoStar Group agrees to acquire RentPath from Chapter 11 Bankruptcy

CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces, announced that it has signed an agreement to acquire RentPath’s business for $588 million in cash, in connection with...

CLPHA responds to Trump’s public housing budget

Sunia Zaterman, Executive Director of the Council of Large Public Housing Authorities, issued the following statement today in response to President Trump’s FY 2021 Budget proposal, which would slash funding for the U.S Department...

Trump Administration proposes 2021 HUD budget

President Trump announced the release of the Administration’s Fiscal Year 2021 budget, “A Budget for America’s Future.” The FY21 budget seeks to provide the Department of Housing and Urban Development (HUD) with $47.9 billion...

Labor and land costs to impact seniors housing development in 2020

Seniors housing development costs are expected to rise modestly in 2020, with labor and land the primary drivers of higher expenditure, according to the latest research from CBRE. Total cost for a seniors housing development...

January quarterly survey indicates apartment conditions mixed

Certain market conditions are loosening, according to the NMHC Quarterly Survey of Apartment Market Conditions, conducted in January 2020. The Sales Volume Index slipped further below the breakeven level (50) to 43, indicating a...

NMHC Research Foundation issues landmark report on the student housing sector

The U.S. privately owned student housing rental market has matured from a niche sector to a significant institutional market with a 20-year investment history through both privately held and publicly traded companies, according to...

NMHC President Doug Bibby to step down in 2021

Doug Bibby, the long-term president of the National Multifamily Housing Council (NMHC) has announced his intent to step down from his leadership role in 2021. Over the almost two decades that Bibby has helmed NMHC,...

HUD issues guidance on reasonable accommodations under the Fair Housing Act relating to assistance...

The U.S. Department of Housing and Urban Development (HUD) today announced the publication of guidance clarifying how housing providers can comply with the Fair Housing Act when assessing a person’s request to have an...
Carson speaking at IBS 2020

HUD Secretary Ben Carson makes two major announcements at the NAHB International Builders’ Show

When speaking at the 2020 National Association of Home Builders International Builders’ Show, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the National Association of Home Builders (NAHB) will co-host...

High performance building practices prevalent in the residential home building market

Home builders across the country are prioritizing high-performance building practices in their projects, regardless if they consider the home they are building to be green, according to new research published in the 2020 Green Single Family and...

Housing starts finish 2019 strong

Total housing starts increased 16.9 percent in December to a seasonally adjusted annual rate of 1.61 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is a 13-year high...
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