Rents continue upturn in February
The latest rent reports from Yardi Matrix and Apartment List show positive rent growth for the country as-a-whole in February. Rents rise in February Yardi Matrix reported that the national average apartment rent rose 0.2 percent...
Fannie Mae introduces sponsor-initiated affordability incentives for multifamily borrowers
Fannie Mae announced that it is offering Sponsor-Initiated Affordability (SIA) incentives for multifamily borrowers through its network of Delegated Underwriting and Servicing (DUS) lenders to lead the market in addressing the nation's shortage of...
Construction materials price rises spread in February
The Bureau of Labor Statistics (BLS) released its producer price index report for February 2021. It showed that the BLS price index of materials and components for construction was up 1.4 percent in the...
NAHB forms diversity, equity and inclusion task force
The National Association of Home Builders (NAHB) announced it has formed a Diversity, Equity and Inclusion (DEI) Task Force. The task force as created to review and establish best practices for developing and sustaining policies designed to...
Multifamily absorption surprisingly strong in 2020, says Yardi Matrix
Despite a disruptive pandemic, investor demand for multifamily real estate was strong in 2020, according to a newly released Yardi Matrix Bulletin. Around 252,000 apartment units were absorbed last year. That's about 1.7 percent of...
Rent delinquencies down in latest Pulse Survey
The latest version of the Census Bureau’s Pulse Survey shows that the portion of renters who are current on their rent payments is up since we last reported on the survey results. What is the...
Jobs market growth stalls
The Employment Situation Report for February from the Bureau of Labor Statistics (BLS) shows little change in employment in jobs categories of interest to builders and operators of multifamily housing. Total employment The BLS reported that...
Victory: Court sets aside the CDC’s ban on evictions
A federal judge ruled that the Centers for Disease Control and Prevention overstepped its authority in issuing a nationwide eviction ban. The ruling is a victory for a group of Ohio landlords and the...
MF industry responds to Congresswoman Marcia Fudge’s confirmation as HUD Secretary
Marcia L. Fudge was officially sworn in as the eighteenth Secretary of Housing and Urban Development. Secretary Fudge took the oath the evening of March 10 after the Senate voted to confirm her. As Secretary...
Rent Payment Tracker: Payments up from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.4 percent of apartment households made a full or partial rent payment by March 6 in its survey of 11.6 million units of professionally...
Residential construction spending jumps in January
The Census Bureau’s report on residential construction spending for January shows a 2.7 percent increase from December’s level. Overall construction spending was up 0.9 percent for the month and was 3.8 percent higher than...
Multifamily property values increase in January
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continued to rise in January. Defining the indices The CoStar report focuses on a relative measure of property values called the...
Renters’ credit scores improve despite COVID
A new report from TransUnion paints a relatively positive picture of the financial positions of America’s renters as we head into 2021. Collecting the data TransUnion has done an analysis of renter credit activity data the...
New priced out study highlights the housing affordability crisis
A new study by the National Association of Home Builders (NAHB) puts a spotlight on the nation's housing affordability crisis and illustrates how even a relatively small increase in the price of a home can prevent hundreds...
Best in American Living awards embrace top design trends for 2021
More than 160 single-family, multifamily, interior design, remodeling and community projects were honored at the 2020 Best in American Living Awards (BALA) virtual ceremony. The awards are sponsored by Monogram Luxury Appliances, and the media partner is Professional...
