Remodeling demand remained strong in 2021 despite supply chain problems
The remodeling industry saw strong demand throughout 2021 despite supply chain problems and rising costs, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers at the NAHB International Builders'...
Multifamily property prices move lower in August
CoStar reported that its value-weighted index of multifamily property prices fell 19.6 percent year-over-year in August. This index was down 1.4 percent month-over-month, reversing last month’s gain.
The value-weighted index of non-multifamily commercial property also...
NMHC, NAA support the introduction of choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bipartisan legislation that aims to increase private sector participation in the Section...
Single-family construction spending shows signs of life
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in May was down 0.1 percent month-over-month. Single-family construction spending rose as did spending on improvements.
In...
Multifamily property prices again lead decline
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.9 percent in December from their level of the month before. For the second month in succession,...
NMHC and One11 Advisors release apartment industry technology benchmarking report
In a first-of-its-kind multifamily sector survey specifically examining technology, the NMHC/One11 Advisors Apartment Industry Technology Benchmarking Report is designed to establish an industry-wide baseline understanding of how apartment companies are supporting technology and innovation...
Alternative views on rent payments
With COVID disrupting the economy, there is high interest in assessing how many renters are failing to make their rent payments. This article examines alternatives to the NMHC rent tracker.
Focus on the big guys
The...
Multifamily jobs numbers continue to improve
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in both categories of residential construction jobs and in one of two categories of apartment operations jobs we track rose...
Residential construction spending down in July
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in July was down 1.5 percent from the revised (+1.2 percent) level of the month before. Residential...
Have construction materials price rises peaked?
The September 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. While this decline is small, it may...
Job openings fall in latest JOLT report
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in May was 9.82 million, down 496,000 openings from last month’s revised...
Morgan Properties launches Morgan Cares
Morgan Properties, one of the nation's largest and fastest-growing multifamily owners, announced today the launch of Morgan Cares, a program created to support local hospitals and food banks as they combat the COVID-19 pandemic...
Single-family starts decline in June but permits post solid gain
Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building activity and affordability conditions worsened for home buyers.
Overall housing starts...
Job openings up in March
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for March. It shows that the labor market rebounded from a rocky February to return to job growth.
Defining...
Multifamily housing construction activity higher in November
The Census Bureau’s new residential construction report for November showed higher multifamily housing construction activity than in recent months in all three measures that we track.
Multifamily housing permits edge higher
The number of permits issued...
