2018 NMHC 50 demonstrates strong and continued apartment growth
The apartment sector continued its strong economic run last year, reflected in the National Multifamily Housing Council’s (NMHC) newly released 2018 NMHC 50—the authoritative ranking of the nation’s largest apartment owners, manager, developers, builders...
Blackstone suspends 38 metros in downturn
Home Partners of America (HPA), a single-family rental (SFR) business, will stop all property acquisitions in Boise, Reno, Spokane, Fresno, Memphis and 33 other geographic areas due to the market downturn in the single-family...
Construction materials prices fall in October
The October producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.4 percent in the month, seasonally adjusted, matching last month’s decline. However, the index...
Skyrocketing lumber prices add nearly $36,000 to new home prices
Soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872, according to new analysis by the National Association of Home Builders (NAHB)....
Rent delinquencies continue to grow in January
The latest version of the Census Bureau’s Pulse Survey once again shows that an increasing portion of renters are falling behind on their rent payments.
Taking our pulse
The Pulse Survey is an experimental program that...
Senior housing construction activity slows
NIC Map Vision reports that senior housing construction starts slowed dramatically in Q3 in the face of rising interest rates and construction costs. However, results vary greatly by the market segment of the product...
New Section 8 income rule would cap rent growth for LIHTC properties
On January 9, HUD proposed changes to how they calculate Section 8 income limits. The summary of the change as posted on the Regulations.gov website read in part: “The United States Housing Act of...
Student housing struggles
Yardi Matrix has released the first in a planned series of quarterly reports covering the purpose-built student housing market. The report describes an industry finding its footing after COVID.
Defining the focus
Just as the Yardi...
More than 700 residential construction workers discuss housing issues in hill visits
More than 700 builders, remodelers and associates engaged in all facets of residential construction marched on Capitol Hill to call on Congress to take steps to ease the nation’s housing affordability crisis and make...
Jobs coming back – slowly
Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for October and the Job Openings and Labor Turnover (JOLT) report for September....
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...
Mixed reports on multifamily property prices in February
Recent reports from CoStar and from Real Capital Analytics (RCA) paint different pictures of short-term movements for multifamily property prices in February.
Defining the indices
The CoStar report focuses on a relative measure of property values...
Following court ruling, HUD moving forward on amending affirmatively furthering fair housing regulations
In the wake of a federal court decision upholding the U.S. Department of Housing and Urban Development’s approach to rule-making, HUD Secretary Ben Carson today announced that HUD intends to move forward in amending...
NMHC and NAA urge Congress to deploy tax policy to create more affordable housing...
Tax policy is a critical tool that can be used to address the nation’s housing affordability crisis. National Multifamily Housing Council (NMHC) President Sharon Wilson Géno delivered that message to the Senate Finance Committee...
Industry associations respond to Supreme Court WOTUS ruling
In Sackett v. EPA, the Supreme Court ruled 9-0 that the Clean Water Act only applies to wetlands that have a continuous surface connection to bodies that are waters of the United States (WOTUS)....
