Builder confidence edges higher despite rising rate concerns
Low existing inventory that is keeping demand solid for new homes helped to push builder confidence up in July even as the industry continues to grapple with rising mortgage rates, elevated construction costs and...
Diminished future sales expectations, rising costs lower builder confidence
Ongoing lumber and building material supply side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even as buyer demand remains relatively solid.
Builder confidence in the market...
Rising prices impact renters
Freddie Mac recently conducted a 20 question survey of 2000 adult American consumers to assess how the current era of rapidly rising prices is affecting them. Many of the questions dealt with housing, and...
Yardi Matrix reports high but declining rent growth
Yardi Matrix reported that the national average apartment rent rose $19 in June to $1,706 per month. However, this is $26 per month higher than the rent level reported last month, implying that last...
Remember Prop 10? Meet Prop 21
The California Secretary of State has designated the state’s latest rent control initiative as Proposition 21. Also known as the Rental Affordability Act, it will appear on the November General Election ballot. The measure...
Fannie Mae Multifamily has completed $1.5 billion of LIHTC investments since 2018
Fannie Mae announced that since its return to the Low-Income Housing Tax Credit equity (LIHTC) market in 2018, it has provided $1.5 billion of equity investments to support the creation and preservation of 576...
Court keeps CDC eviction moratorium in place
On June 2, a ruling by a three judge panel of the U.S. Court of Appeals for the D.C. Circuit effectively kept the Centers for Disease Control’s (CDC) nationwide eviction moratorium in place despite...
Builders call on Congress to address housing affordability challenges
As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, builders are urging Congress to address America's housing affordability challenges.
"Removing regulatory barriers that contribute to the increased costs of housing will pave 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...
Evaluating the impact of COVID-19
The John Burns Real Estate Consulting New Homes Insights podcast recently interviewed Greg West, CEO of ZOM Living. The interview focused on the impact of COVID-19 on his business. This article summarizes key points...
Multifamily absorption surprisingly strong in 2020, says Yardi Matrix
Despite a disruptive pandemic, investor demand for multifamily real estate was strong in 2020, according to a newly released Yardi Matrix Bulletin.
Around 252,000 apartment units were absorbed last year. That's about 1.7 percent of...
CBRE gives 2022 multifamily outlook
CBRE recently released its 2022 U.S. Real Estate Market Outlook report. It forecasts that 2022 will be a very good year for the multifamily housing business.
Economy on path to normal
CBRE expects that the post-pandemic...
Daryl Carter makes the case for housing to be part of infrastructure legislation
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on today’s Congressional testimony before the House Financial Services Committee by Daryl Carter, former Chairman of NMHC and Chairman and CEO...
SFR rent growth rate continues slow decline
CoreLogic reported that their single-family rent index (SFRI) for October rose 2.5 percent from its year-earlier level. This is down from the 2.6 percent year-over-year rent growth reported last month. October marks 18 months...
California rent control update
A measure which would expand the number of properties in California which could be subject to rent control is working its way through the State Senate. The bill, SB-466, would allow local jurisdictions to...
