Response to reinstatement of 2013 version of Disparate Impact Regulation
Statement from the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) on the U.S. Department of Housing and Urban Development (HUD) reinstating a 2013 version of disparate impact regulation:
“NAA and NMHC...
Multifamily CMBS special servicing rate improves in July
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moderated slightly in July, falling 6 basis points. However, the overall CMBS special servicing rate on commercial property rose driven by...
July multifamily construction completions down sharply
The Census Bureau’s new residential construction report for July stated that the number of multifamily permits issued, starts and unit completions were all down from the levels reported last month. The number of multifamily...
Property professionals see former retail premises as biggest untapped resource for new residential housing...
Two-thirds (66 percent) of property professionals in the UK believe former retail premises could be the biggest untapped resource for new residential development, according to a survey by MRI Software, a global leader in...
Multifamily Pillars of the Industry awards now open for applications
Since 1990, the National Association of Homebuilders (NAHB) has sponsored the Pillars of the Industry Awards to recognize excellence in apartment and condominium design and development, interior merchandising and superior property management and marketing. The Pillars...
Apartment List reports on apartment vacancy rates
In its inaugural report on apartment vacancy rates, Apartment List states that the national average rate rose to 4.95 percent in May. This is up 0.6 percent from the year-earlier value and up 0.9 percent...
Fannie Mae forecasts higher inflation ahead
Fannie Mae’s February economic and housing forecasts call for marginally higher multifamily housing production in 2022 and 2023 than in earlier forecasts. Other forecasts for 2022 call for slightly lower GDP growth and slightly...
NAA analysis finds U.S. households spend 27 percent of income on rent
The National Apartment Association (NAA) has released new research analyzing rent-to-income percentages, which are based on professionally managed residential lease applications screened by TransUnion’s ResidentScreening platform. As the nation continues to grapple with housing...
Multifamily builder and developer confidence improved in second quarter
Confidence in the market for new multifamily housing increased in the second quarter, however, it still remains in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders...
High supply apartment markets ride demand wave
More than 558,000 apartment units have delivered over the past 12 months, hitting what RealPage Analytics calls a 50-year supply peak. But booming demand for rental housing has been a bright spot...
Rent growth slows in June
Yardi Matrix reported that national average apartment asking rent was up $4 in June compared to the revised level of the month before at $1,739 per month. The national average year-over-year apartment asking rent...
HUD reaches agreements with Florida, Virginia and California landlords settling claims of sexual harassment...
Today, the U.S. Department of Housing and Urban Development (HUD) announced three settlements of claims involving allegations of sexual harassment totaling approximately $125,000 in relief for complainants.
The Fair Housing Act makes it illegal to...
Rent growth remains slow but positive in July
The latest rent report from Apartment List shows that the national median monthly rent growth in July was +0.24 percent. Year-over-year rent growth was -0.76 percent. Rents have fallen on a year-over-year basis since...
Builder confidence falls in May on higher interest rates
With mortgage rates averaging above 7% for the past four weeks per data from Freddie Mac, builder sentiment posted its first decline since November 2023.
Builder confidence in the market for newly built single-family homes...
CMBS delinquency and special servicing rates fall slightly
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in December, falling 7 basis points. Trepp also reported that the multifamily CMBS special servicing rate edged downward, falling 8...
