NMHC identifies industry’s largest firms
The National Multifamily Housing Council (NMHC) released their 2021 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
NMHC and NAA respond to House’s passage of the YIMBY Act
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the passage of the Yes in My Backyard (YIMBY) Act (H.R. 4351) by the House of Representatives:
NMHC and NAA are...
High-income households drive renter growth
Data from several sources suggests high-income renters drive renter growth.What does it mean that the number of renters with incomes above $100K grew by 61 percent over the past five years? RealPage...
Biden Administration delivers plan to remedy housing shortage
The Biden administration recently announced its plan to solve the nation’s housing shortage, which includes creating more affordable housing. The 13-page Housing Supply Action Plan promises to increase housing supply across the nation, eradicating...
Invitation Homes announces $1 billion joint venture with Rockpoint Group
Invitation Homes Inc. announced that it has entered into an agreement with Rockpoint Group, L.L.C. to form a joint venture partnership that will acquire single-family homes to operate as rental residences.
“In Rockpoint, we have...
Water management is elemental
Since California got a hose-in-the-sky rain this week, it is a good time for us to think about water. Right now, California has loads of water, possibly more than its infrastructure was designed to...
I have learned from my mistakes. I am pretty sure I can repeat them...
In 2016, I was so very excited and honored to arrange and moderate a panel discussion at NMHC’s OPTECH called “Net Zero: Coming Soon to a Code Near You”. I wanted to help my...
Fannie Mae partners with multifamily industry to launch 2023 Multifamily Energy and Water Survey
Fannie Mae announced that it has launched the 2023 Multifamily Energy and Water Survey, a national effort to collect and analyze whole property energy and water consumption and costs from 2022, together with property-specific...
Residential construction spending mixed in March
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.7 percent from February’s level despite a small drop in the multifamily category....
Housing affordability holds steady but supply-side challenges persist
Housing affordability held steady at its lowest level in nearly a decade, as higher home prices offset lower mortgage rates to keep the affordability rate flat in the third quarter of 2021. However, ongoing supply-chain disruptions and...
SFR rent growth returns to pre-pandemic levels
CoreLogic reported that their single-family rent index (SFRI) for September rose 2.6 percent from its year-earlier level. This is down from the 2.9 percent year-over-year rent growth reported last month. September marks 17 months...
BLS releases 10-year employment growth projections
The Bureau of Labor Statistics (BLS) recently released its projections for employment growth in the period from 2021 to 2031. The projections encompass growth in the labor force as-a-whole as well as in many...
Which is the “worst” is very personal
When it comes to emissions Scopes, which is the worst? I get asked that a lot. I think it is sort of subjective and depends on where you are standing and what “worst” you...
Housing Supply and Affordability Act introduced in US Senate
Senator Amy Klobuchar (D-Minn.) introduced a bill March 23 that would provide funding to support the development and implementation of local plans to increase the supply of housing. This bill is designated SB902. It...
New research shows regulations account for 40.6 percent of apartment development costs
Regulation imposed by all levels of government accounts for an average of 40.6 percent of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the...
