HUD approves agreement between Nevada real estate companies and applicant resolving claims of disability...
The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved a Conciliation Agreement between Delta House Investments, LLC in Reno, Nevada, and Premier Realty, Inc., of Carson City, Nevada,...
Multifamily starts higher despite fall in permits
The Census Bureau’s new residential construction report stated that multifamily starts moved higher after last month's fall. However, both multifamily permits and completions were lower for the month.
The number of permits issued for buildings...
Construction materials prices up again in December
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in December on a seasonally adjusted basis. The index of components...
Emergency Rental Assistance update
The latest report by the U.S. Department of the Treasury states that, as of the end of March, 74 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
Multifamily drop pushes total housing starts down as single-family makes gains
A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of...
Job openings trend lower in October
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings fell to 10.33 million in October. In addition, last month’s job openings...
Jobs coming back, but slowly
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for June. It shows that the jobs market is continuing to recover from the COVID-19 induced shutdowns, but...
Multifamily CMBS special servicing rate rises again in September
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans continued to move higher in September, rising another 36 basis points. The overall CMBS special servicing rate on commercial property also...
MSCI: Multifamily property prices lead decline in October
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.3 percent in October from their level of the month before. Prices were down 6.1 percent from...
Builder confidence plunges as affordability woes mount
Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic. In a further sign of a weakening housing market, builder confidence...
Multifamily property prices up on higher sales volume
CoStar reported that its value-weighted index of multifamily property prices fell 7.2 percent year-over-year in March 2023. However, this index was up 1.4 percent month-over-month, the first monthly rise after a string of 8...
Confidence in multifamily housing weakens in first quarter of 2022
Confidence in the market for new multifamily housing turned downward in the first quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders...
Operating expenses consume 93 cents of every rent dollar
Research from the National Apartment Association (NAA) reveals that nationally, on average 93 cents of every rent dollar cover essential operating expenses and support local communities. In addition to national data, NAA’s research provides...
Construction employment falls in March
The Employment Situation Report from the Bureau of Labor Statistics stated that apartment operations employment rose while residential construction employment fell in the latest month.
Overall job growth continues, but more slowly
The Bureau of Labor...
HUD moves quickly to make $3 billion of COVID-19 relief funding available to communities...
President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law last Friday, providing much-needed assistance to the American people as the country works diligently to combat COVID-19. Thanks to...
