Apartment industry statement on the passage of the Omnibus Spending Bill
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on passage of the Omnibus Spending Bill. “The National Multifamily Housing Council and the National Apartment Association applaud the passage of the Omnibus...
February new home sales flat after upward revisions to prior months
Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6 percent in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November reports, according to newly...
Racing to the dealership: Baby Boomers and Millennials show off their credit savvy in...
When consumers need loans for auto purchases, understanding their own credit risk situation matters. In its latest consumer automotive survey, Equifax Inc., a global information solutions company, analyzed automotive shopping and buying behaviors across...
Budget accord misses the mark on affordable housing
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the Low Income Housing Tax Credit component of the $1.3 trillion spending...
2018’s cities with the highest and lowest credit scores
With tax season coming up and people evaluating their spending and debts more closely, the personal-finance website WalletHub analyzed the median credit scores of residents in 2,572 cities to determine 2018's Cities with the...
2018’s most and least innovative states
With the U.S. projected to spend $553 billion on research and development in 2018 and multiple cities vying to become the location of Amazon’s HQ2, the personal-finance website WalletHub today released its report on 2018’s...
2018 WalletHub Tax Survey
With the tax deadline drawing near, the personal-finance website WalletHub followed up on its 2018 Tax Rates by State report with an in-depth analysis of 2018’s Most & Least Federally Dependent States to determine...
Fed rate hike report: $1.6 billion in extra costs and cities with the least...
With credit card debt recently hitting an all-time high and the Federal Reserve set to make our debt even more expensive with another rate hike on Wednesday, the personal-finance website WalletHub today released a...
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...
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...
Next week’s interest-rate decision: How could the Federal Reserve act—and why?
Dwight Johnston, chief economist for the California Credit Union League, made the following comments on next week’s Federal Reserve announcement of short-term monetary policy decisions (interest rates) through its Federal Open Market Committee (FOMC)...
Regulatory horror story highlights need to reform permitting process
Illustrating how the federal regulatory system has run amok and the need for Congress to pass legislation to fix a broken permitting process, a development firm today shared its three-decade nightmare with a House...
HUD Secretary Carson launches new financial controls to enhance department’s fiscal strength and integrity
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new measures to protect the financial integrity of the agency and correct lax internal processes and controls. Secretary Carson directed HUD’s...
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...
New research confirms apartments outperform across time, geography and market conditions
Apartments outperform other commercial real estate property types, on both a risk-adjusted and unadjusted basis, regardless of holding period, geographic region, metro size, and growth rate according to new research from the National Multifamily...
