Construction materials prices jump again in March
The Bureau of Labor Statistics (BLS) released its Producer Price Index report for March 2021. It showed that construction materials prices were up 2.4 percent in the month, seasonally adjusted. The index of materials...
Multifamily property prices fall in June
CoStar reported that its value-weighted index of multifamily property prices fell 19.2 percent year-over-year in June 2023. This index was down 1.4 percent month-over-month.
The value-weighted index of non-multifamily commercial property rose by 1.6 percent,...
Builder confidence down on rising material prices, upsurge in COVID-19 cases
Rising material costs led by a huge upsurge in lumber prices along with a resurgence of the coronavirus across much of the nation pushed builder confidence in the market for newly built single-family homes down three points...
Equifax survey highlights biggest pain points for property managers in today’s rental marketplace
Today’s property management processes are often burdened with many common issues and inefficiencies, and nearly 95 percent of landlords and property managers are experiencing pain points in their standard practices, according to a recent...
Residential construction spending slows despite multifamily
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in January was up 0.4 percent month-over-month. Spending on single-family fell for the 9th month in...
Builder confidence underwater after falling for eighth consecutive month
Builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining...
Rent delinquencies fall in latest Pulse Survey
The “Week 44” edition of the Census Bureau’s Pulse Survey has been released. It shows that the portion of renters who are behind on their rent payments dropped slightly since we last reported on...
NMHC and MF associations join together to expand supplier diversity opportunities
The National Multifamily Housing Council (NMHC) joined an industry-wide group of seven real estate trade associations to announce a first-of-its-kind alliance to foster supplier diversity in the real estate industry. The Commercial Real Estate...
Rent Payment Tracker: Payments down 7.8% from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 75.4 percent of apartment households made a full or partial rent payment by December 6 in its survey of 11.5 million units of professionally...
Multifamily property prices and transactions down again
CoStar reported that its value-weighted index of multifamily property prices fell 7.0 percent year-over-year in February 2023. This index was down 1.4 percent month-over-month, the eighth monthly decline in a row.
The value-weighted index of...
MSCI: Multifamily property prices continue slide
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in November were down 0.7 percent from their level of the month before and down 12.1 percent from...
HUD awards $6.7 million in research grants to reduce lead and other housing-related health...
To help protect children and seniors from exposure to lead and other home health hazards, the U.S. Department of Housing and Urban Development (HUD) today awarded $6.7 million to seven universities and public health organizations...
NMHC and NAA statement on the introduction of the Yes in My Backyard (YIMBY)...
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the introduction of the Yes in My Backyard (YIMBY) Act:
NMHC and NAA are pleased to see the introduction of the...
Real estate investors look ahead
Realty Mogul recently polled nearly 1,000 real estate investors to assess their plans for the year ahead in light of the changes resulting from the pandemic and from the change in administrations in Washington.
Where...
HUD funds COVID-19 related fair housing activities
The U.S. Department of Housing and Urban Development (HUD) announced it is awarding $1.5 million in Partnership and Special Enforcement Effort funds to HUD Fair Housing Assistance Program (FHAP) agencies to support COVID-19 education...
