Apartment watch

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...

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...

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...

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...

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...

The Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction employment and apartment operations employment edged higher in the latest month. Note that this report incorporates revisions to population estimates...

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in December was 11.01 million, up from the preliminary figure reported last...

Nearly 70,000 home building professionals from around the globe filled the exhibit halls of the Las Vegas Convention Center as the National Association of Home Builders (NAHB) hosted the NAHB International Builders’ Show (IBS),...

Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground...

The housing recession that began in 2022 will bleed into 2023 as elevated inflation and mortgage rates, coupled with stubbornly high building material construction costs, continue to take a toll on the housing industry...

CoStar reported that its value-weighted index of multifamily property prices increased only 1.0 percent year-over-year in December 2022. The index was down 1.4 percent month-over-month, the fifth monthly decline in a row. The value-weighted index...

The White House recently announced a series of actions that executive branch agencies will take to improve renter protections and “fairness” in the rental housing market. It also released a document called Blueprint for...

Yardi Matrix now projects that the national average asking rent growth in 2023 will be 2.6 percent, down from their previous estimate of 3.1 percent. The decline was driven by a few large markets...

While new home sales posted a modest gain in December, elevated mortgage rates and higher construction costs continue to hinder housing affordability and put a damper on consumer demand. Sales of newly built, single-family homes...

NAHB Chairman Jerry Konter Jerry Konter, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Savannah, Ga., issued the following statement on the White House residential renter package...