Remodeling market sentiment weakened in fourth quarter but remains positive
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 66, declining 17 points compared to the fourth quarter of 2021.
“Remodelers...
Pricing disconnect weighs on CRE investment activity
A new CBRE survey finds a wide disconnect on pricing expectations between buyers and sellers as a consequence of the COVID-19 pandemic that is weighing on commercial real estate investment activity.
The CBRE survey found...
Rent growth remains high in Yardi Matrix survey
Yardi Matrix reported that the national average apartment rent rose $14 in March to $1,642 per month.
Rents growth moderates slightly
The national average apartment rent was up 14.8 percent from its year-earlier level, a slightly...
Federal government reaches historic agreement with New York city housing authority to improve health...
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a historic agreement with the nation’s largest public housing authority to correct dangerous lead-based paint and other health and safety hazards. HUD, the...
HUD and Puerto Rico ink $1.5 billion disaster recovery grant agreement
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico...
Rent growth continues autumn fall
The latest rent report from Apartment List shows that the national median monthly rent growth in September was -0.5 percent. Year-over-year rent growth was -1.2 percent. The month-over-month results are the worst for a...
NMHC & Kingsley 2020 Apartment Resident Preferences Report takes residents’ pulse on top leasing...
From must-have technology to popular pet perks, the 2020 Apartment Resident Preferences Report released today by the National Multifamily Housing Council (NMHC) and Kingsley Associates provides an exhaustive look at what apartment residents want...
Construction materials prices lower as lumber falls
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2020. It showed that the BLS price index of materials and components for construction was down 0.3 percent from October,...
Fannie Mae sees bigger housing slowdown coming
Fannie Mae’s November economic and housing forecasts predict that both multifamily and single-family housing starts will fall next year by more than they previously expected.
The November forecast is the first from Fannie Mae to...
Water efficiency upgrades save multifamily housing providers $20,500 per property
A new study from Enterprise Community Partners (Enterprise) and Elevate Energy shows how affordable housing owners can save money, conserve resources and strengthen the long-term viability of their portfolios. The report found that smart...
Fannie Mae examines multifamily construction pipeline
The multifamily commentary that accompanied Fannie Mae’s monthly forecast for August reported on the number of units in the multifamily construction pipeline. In doing so, it used data from Dodge Data and Analytics (Dodge).
Starts...
Yardi Matrix reports rent growth turns negative in September
Yardi Matrix reported that national average apartment rents fell $6 in September, compared to the revised rent level of the month before. The average rent fell to $1,722 per month. The national average asking apartment...
Rent control passes in Twin Cities
A pair of ballot measures either implementing rent control (St. Paul) or allowing it to be implemented (Minneapolis) were approved by voters in Tuesday’s elections. In both cases, 53 percent of voters voted in...
Multifamily housing construction permits fall while starts rise
The Census Bureau’s new residential construction report for August was the reverse of last month’s report with multifamily housing construction permits and completions falling sharply while starts jumped.
In single-family housing construction, the changes from...
Zillow’s hot housing takes for 2023
Midwestern markets will heat up, and more friends and family members will pool their money to buy homes together in 2023, as people look for new ways to overcome the housing affordability crisis. However,...
