Apartment watch

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

Ginnie Mae extends submission deadline for issuer eligibility request for input

Ginnie Mae announced it will extend the comment period on its Request for Input (RFI) on Eligibility Requirements for Single-Family MBS Issuers by an additional 60 days. This extension recognizes the significance of and...
job openings

Job openings set new record in June

The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for June. The report set a series record for the highest number of job openings, easily exceeding the...

Multifamily jobs markets soften in July

The latest Employment Situation Report from the Bureau of Labor Statistics shows that 3 out of the 4 jobs categories we track that are of interest to builders and operators of multifamily housing had...

Sponsored: The Grand Reopening: A New Wave of Renters is Coming

Waves on the beach aren’t the only thing making a splash this summer. There’s a surge of renters about to pack up and move to new apartments. A recent Apartments.com survey of over 35,000...

Housing affordability plunges on soaring material costs, rising home prices

Soaring building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home and caused housing affordability to fall to its lowest level in nearly a decade...

Residential construction spending continues to rise

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in June was up 1 percent month-over-month and up 29 percent year-over-year. However, the apparent strength of...

CoStar reports rising multifamily property values

CoStar recently released its quarterly report on the change in values of commercial property in the United States. It reported that multifamily property values rose nearly 12 percent over the last 12 months, leading...

Real estate industry strongly opposes the CDC imposing a new federal eviction moratorium

A broad real estate coalition strongly opposes the Centers for Disease Control (CDC) decision to reimpose a federal eviction moratorium. This move takes place despite the fact that the Administration itself noted it lacks...
CDC eviction ban

CDC issues new eviction ban extension

On August 3, the CDC issued a new extension to its moratorium on evictions. The latest extension is scheduled to run until October 3, 2021. While, the CDC had said that it expected that...
rental vacancy rate

Census reports on rental vacancy rates

The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate fell from 6.9 percent in Q2 2019 to 6.3 percent in Q2 2021. The...

New NMHC survey shows property owners remain focused on supporting renters

A new National Multifamily Housing Council (NMHC) survey of apartment owners and managers shows that 100 percent of multifamily firms surveyed worked with residents facing financial hardships since the onset of the COVID-19 crisis....

NAA seeks monetary damages from unlawful eviction moratorium

The National Apartment Association (NAA) filed a lawsuit in the U.S. Court of Federal Claims to recover damages on behalf of rental housing providers who have suffered severe economic losses under the U.S. Centers...
apartment prices

RCA: Multifamily property prices up

A report from Real Capital Analytics (RCA) said that multifamily property prices rose 12 percent in the year to June, topping the rates of price growth for the other commercial property types they track....
California housing affordability

California spends big on housing

Governor Newsom of California recently signed AB 140 into law. This bill is a trailer to the 2021-21 California State Budget and funds ambitious housing and homelessness prevention programs in the state. It allocates...
fannie mae forecast

Fannie Mae lowers near-term GDP growth forecast

Fannie Mae’s July economic and housing forecast projects a flattening of the GDP growth curve in 2021, with lower growth in Q2 but higher growth in Q3 and Q4 than projected in earlier forecasts....
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