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...
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...
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 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...
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...
Boosting housing production is best way to ease the affordability crisis
The National Association of Home Builders (NAHB) commended Senate Banking Committee Chairman Sherrod Brown (D-Ohio), Ranking Member Tim Scott (R-S.C.) and their fellow committee members for making housing the focus of the panel’s first...
Housing affordability hits record low but turning point lies ahead
Mirroring a steep rise in mortgage rates that began in the early part of 2022 and coupled with ongoing building material supply chain bottlenecks that increased construction costs, housing affordability posted three consecutive quarterly...
Rent growth flatlines in January
Yardi Matrix reported that national average apartment rent growth stalled in January with rents remaining unchanged from December’s revised level at $1,701 per month. However, January's preliminary rent figure is down $14 from the...
Multifamily construction spending rises in December
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in December was up 3.2 percent month-over-month. Spending on single-family fell for the 8th month in...
Final WOTUS rule a blow to housing affordability, NAHB tells Congress
With the nation in the midst of a housing affordability crisis and an economy confronting high inflation, the National Association of Home Builders (NAHB) told Congress that the Biden administration’s decision to push through...
