Residential construction spending rises
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in May was up 0.2 percent from the revised level for April. Overall construction spending was up...
Multifamily jobs markets mixed again in June
The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing had a mixed performance in June. Total employment growth up for...
Supreme Court keeps CDC eviction moratorium in place
The U.S. Supreme Court has declined to act to set aside the CDC’s eviction ban. The ban is currently scheduled to expire July 31, 2021 but it has been repeatedly extended in the past...
CoStar reports steady rise in multifamily property prices
A recent report from CoStar indicates that the remarkably steady rise in multifamily property prices that has taken place over the last two years continued in May. CCRSI defined The CoStar report focuses on a relative...
HUD seeks to revive Obama-era disparate impact rule
On Friday June 25, the Department of Housing and Urban Development (HUD) announced that they have published a notice of proposed rulemaking (NPRM) on disparate impact entitled “Restoring HUD’s Discriminatory Effects Standard”. The objective of...
Multifamily property price gains accelerate in May
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 10.1 percent in the year to May as part of a general rise in commercial real estate prices. This represented the...
JCHS releases The State of the Nation’s Housing report
The Joint Center for Housing Studies of Harvard University has released the 2021 edition of its report chronicling the issues surrounding housing in the United States. The report brings together data from a wide...
CDC extends eviction moratorium
Dr. Rochelle Walensky, the Director of the Centers for Disease Control (CDC), has extended the agency’s eviction moratorium until July 31, 2021. The agency says that this extension is intended to be the last. The...
RCLCO talks single family rentals
RCLCO discussed single family rentals (SFR) and build for rental (BFR) properties in conjunction with their monthly round-up webinar. The presentation was a good introduction to the reasons this market has been drawing a...
GSEs remain dominant holder of multifamily mortgage debt in Q1 2021
A Mortgage Bankers Association (MBA) report on multifamily and commercial mortgage debt shows that the GSEs accounted for 80 percent of the increase in multifamily mortgage debt outstanding in Q1. While still high, this...
Forecasts say higher inflation is coming
A pair of forecasts, one from Fannie Mae and one from the Federal Reserve anticipate that a period of significantly higher inflation than had been predicted in earlier forecasts may be on the way. Fannie...
2021 NAA Excellence Awards winners announced
The National Apartment Association (NAA) formally recognized the winners of the 2021 NAA Excellence Awards at a virtual ceremony sponsored by Belfor Property Restoration on June 16. The ceremony took place during Apartmentalize+, a...
Census reports solid multifamily housing construction results
The Census Bureau released its monthly new residential construction report for May 2021. It stated that some results were down from those in recent reports, but they were still strong compared to historical levels. Multifamily...
Strong rent growth reported for May
The latest rent report from Yardi Matrix shows record rent growth for the country as-a-whole in May. Rents up sharply Yardi Matrix reported that the national average apartment rent rose $12 in May to $1,428 per...
