Friday, April 19, 2024

Apartment watch

Things to watch, what to know, in your apartment operation

Fannie Mae partners with multifamily industry to launch 2023 Multifamily Energy and Water Survey

Fannie Mae announced that it has launched the 2023 Multifamily Energy and Water Survey, a national effort to collect and analyze whole property energy and water consumption and costs from 2022, together with property-specific...
rent increases

Rent growth losing streak ends in February

The latest rent report from Apartment List shows that the national average monthly rent growth in February was a positive 0.3 percent, breaking a string of 5 monthly declines. Year-over-year rent growth was 3.0...
housing forecast

Housing starts forecasts rise

Fannie Mae’s February economic and housing forecasts predict a higher number of multifamily starts in 2023 and 2024 than did last month’s forecast. The forecast for single-family starts was also revised higher for both...

Residential developers market size expected to reach or exceed $200 billion in 2023

Like many industries and markets, the residential real estate market was adversely affected by the pandemic. However, despite this disruption, the housing market is resilient with increasing homeownership in this sector. Industry reports actually...

Multifamily developer confidence remains in negative territory in fourth quarter

While the two main confidence indexes for multifamily housing increased slightly in the fourth quarter, they both remained in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National...

Industry responds to HUD’s decision to lower FHA premiums

NAHB Chairman Alicia Huey Alicia, Huey, chairman of the National Association of Home Builders (NAHB) and a custom home builder and developer from Birmingham, Ala., today issued the following statement regarding the announcement by the...

Commercial-to-multifamily conversion shows promise across broad range of markets

Repurposing commercial properties into multifamily housing is growing more common across a variety of real estate markets and can provide a critical source of housing where shortages persist, according to a new report from...
commercial mortgage

Multifamily mortgage originations plunge in Q4

A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q4 were down 52 percent on a year-over-year basis. Originations of all commercial mortgages as a single asset class...
apartment permits

Multifamily housing starts fall despite rise in permits

The Census Bureau’s new residential construction report for January reported that the number of multifamily permits issued increased but that starts and completions both fell, matching last month's pattern. Starts exceeded completions again leading...
construction materials

Construction materials price decline continues

The January producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.2 percent in the month, seasonally adjusted, the fifth monthly decline in a row....

2023 off to a sluggish start for single-family production

Although rising builder sentiment indicates a turning point for housing later this year, lackluster single-family production in January is a sign that the housing sector faces further challenges, as elevated mortgage rates and high...

Rep. Loudermilk reintroduces legislation to return eviction laws to the states

Following Rep. Loudermilk’s (R-GA) reintroduction of the Respect State Housing Laws Act, NMHC joined NAA, IREM and NARPM in signing onto a press statement released by his office. Rep. Barry Loudermilk (R-GA) issued the following...

Cautious optimism for builders in February

Two consecutive solid monthly gains for builder confidence, spurred in part by easing mortgage rates, signal that the housing market may be turning a corner even as builders continue to contend with high construction...

NMHC and MF associations join together to expand supplier diversity opportunities

The National Multifamily Housing Council (NMHC) joined an industry-wide group of seven real estate trade associations to announce a first-of-its-kind alliance to foster supplier diversity in the real estate industry. The Commercial Real Estate...
rental vacancy

Census reports on rental vacancies in Q4

The Census Bureau released its quarterly report on home ownership and occupancy for Q4 2022. It stated that the rental housing vacancy rate was 5.8 percent, down from a level of 6.0 percent in...
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