Builder confidence remains on solid footing in March
Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo...
Residential construction spending plateaus in August
The Census Bureau’s report on residential construction spending shows that the value of residential construction put in place in August was up 24 percent year-over-year but up only 0.4 percent month-over-month.
Improvements lead growth
The reported...
NAA and NMHC statement on the passage of the bipartisan Infrastructure Investment and Jobs...
The National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) applaud the passage of the Bipartisan Infrastructure Investment and Jobs Act.
The nation’s apartment industry and our 40 million residents depend on robust,...
SFR rent growth rate down in May
CoreLogic reported that their single-family rent index (SFRI) for May rose 3.4 percent from its year-earlier level. This is down from the 3.7 percent year-over-year SFRI growth reported last month. The year-over-year SFRI growth...
Job openings remain high in April
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in April from the record high hit last month, but remained...
Holiday hitchhikers: Keeping pests out of homes this season
The holiday season, a time for family, fun and festivities, is here. If you're not careful, unwanted hitchhikers—pests—may be celebrating the holidays alongside you and your family. Orkin Pest Control has tips for keeping...
NAHB identifies top features and design trends for 2021 in the wake of COVID-19
After declining for four years, a number of key trends-including the average size of the home and the number of bedrooms and bathrooms-reversed course in 2020 as a result of shifting buyer preferences in the wake of...
Multifamily property prices up despite sales slowdown
CoStar reported that its value-weighted index of multifamily property prices increased 22.9 percent, year-over-year, in June 2022. This index was up 1.4 percent month-over-month. The year-over-year increase is down from that seen in May,...
California REALTORS expect coronavirus to impact housing market
As the coronavirus continues to evolve, California REALTORS expect the outbreak to negatively impact their business, primarily in the areas of home sales and time on market, according to a flash poll conducted by the...
Industry applauds introduction of Choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bi-partisan legislation that aims to increase private sector participation in the Section...
MF industry associations respond to President Biden’s extension of the Eviction Moratorium
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) appreciate President Biden’s prompt and well-intended action to address the ongoing financial struggle of our nation’s 40 million renters.
However, NMHC and NAA...
HUD and Census Bureau report residential construction activity in February 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for February 2018.
Building Permits: Privately owned housing units authorized by building permits...
Real estate industry collaborates to fill talent pipeline
Twenty-nine real estate industry organizations, representing more than 10 million jobs, announced a ground-breaking collaboration to highlight the diverse career paths within the real estate sector.
The first initiative of this collaboration is a new...
HUD awards $2.7 billion to improve, preserve nation’s public housing
The U.S. Department of Housing and Urban Development awarded more than $2.7 billion in funding to nearly 2,900 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam,...
HUD approves US Virgin Islands’ $243 million disaster recovery plan
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced he is approving a disaster recovery plan to help citizens in the U.S. Virgin Islands to recover from Hurricanes Irma and...
