HUD commemorates Fair Housing month and 50 years of the Fair Housing Act
Nearly 50 years ago, President Lyndon Johnson signed the Civil Rights Act of 1968 and fair housing became law. In signing the landmark measure, President Johnson declared, “Now, with this bill, the voice of...
55+ housing market on steady rise
Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72, according to the National Association of Home Builders' (NAHB) 55+...
Pulse Survey shows renter delinquencies stabilizing
The “Week 48” edition of the Census Bureau’s Pulse Survey shows that the portion of renter who are behind on their rent payments has stabilized at around 15 percent.
What is the Pulse Survey?
The Pulse...
Mixed report on multifamily jobs in June
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs grew during the month while residential construction jobs declined.
Employment up, participation down
The Bureau of Labor Statistics...
Rent Payment Tracker finds rent payment rate at 95 percent of prior month
The National Multifamily Housing Council (NMHC) found that 89 percent of apartment households made a full or partial rent payment by April 19 in its survey of 11.5 million units of professionally managed apartment units across the country,...
Rent growth rate declines in July
Yardi Matrix reported that the national average apartment rent growth in July was $10, bringing the average rent to $1,717 per month.
Rent growth rate slipping
The national average apartment rent was up 12.6 percent in...
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...
Evaluating the impact of COVID-19
The John Burns Real Estate Consulting New Homes Insights podcast recently interviewed Greg West, CEO of ZOM Living. The interview focused on the impact of COVID-19 on his business. This article summarizes key points...
NMHC Rent Payment Tracker finds 87.6 percent of apartment households paid rent as of...
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 87.6 percent of apartment households made a full or partial rent payment by July 13 in its survey of 11.4 million units of professionally...
Multifamily job openings rise in August despite overall openings plunge
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings fell in August from last month’s level despite last month’s job openings...
New grant program will provide up to $1.6 million to Texas nonprofits to accelerate...
Nonprofits providing critical home repairs and other housing assistance to low-income Texas families affected by Hurricane Harvey can apply for grants from a new program launching this week.
The Housing and Economic Assistance to Rebuild Texas...
NAA names 2020 Best Places to Work award winners
The National Apartment Association (NAA) has announced the winners of the 2020 NAA Best Places to Work award program, which identifies member organizations that encourage employee engagement and performance and foster collaborative and innovative...
US Department of Labor issues industry-recognized apprenticeship program final rule
The U.S. Department of Labor published a final rule that will help expand apprenticeships in the United States by establishing a system for advancing the development of high-quality, Industry-Recognized Apprenticeship Programs (IRAPs).
IRAPs are high-quality...
New research compares student housing costs
NMHC and RealPage recently released new research that evaluates cost differences between on-campus and off-campus housing. The study, focusing on 22 universities around the country, found that despite frequently charging lower rents, on-campus dorms...
Utility Revenue Services expands LED division in time for Energy Star’s baseline reset
Utility Revenue Services, a decade-long-plus player in utility revenue recovery for apartment properties, has extended its offerings to include LED lighting analyses and related capital projects. Rapid advancements in solid state lighting along with...
