Construction delays and high costs persist, but conditions may begin to improve
The December edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity found small improvements in terms of the share of respondents experiencing construction delays and deals being repriced up, but conditions...
Rents rise in March but overall multifamily growth stays dormant
The average national apartment rent was up for the first time since summer 2017 in March, according to data reported by Yardi Matrix, recording an increase of $4 to $1,371.
But the uptick does not...
Statement from NAHB Chairman Randy Noel on EPA sending revised WOTUS rule to OMB
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement after the Environmental Protection Agency (EPA) announced that a revised Waters of the U.S....
Let’s talk about my favorite “F” word…. Free (Sort of)
I am not much for wearing makeup because I cannot stop rubbing my face. Typically, any applied eye makeup ends up on my check, neck, sleeves, and on any furniture I happen to encounter....
NAHB names Global Innovation Awards finalists
The National Association of Home Builders (NAHB) has announced the finalists for the 2020 Global Innovation Awards. The awards recognize the most advanced, cutting-edge and original products, services and homes from the United States and around the...
Fewer pay rent by June 6 than did last year
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.0 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.7 million units of professionally...
July apartment market conditions showed improvement across all metrics
Apartment market conditions showed continued improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2021. For the first time since October 2015, the Market Tightness (96), Sales Volume...
Fannie Mae forecasts a downturn in 2023
Fannie Mae’s April economic and housing forecasts anticipate that rising interest rates will cause the U.S. economy to contract in the second half of 2023. While this is expected to reduce the number of...
Rental app fees may change in Colorado
As people move in droves to Colorado, limited housing is an ongoing issue.
While newcomers are looking for a place to live, it’s common practice for rental companies to charge an application fee.
The fee often...
Residential developers market size expected to reach or exceed $200 billion in 2023
Like many industries and markets, the residential real estate market was adversely affected by the pandemic. However, despite this disruption, the housing market is resilient with increasing homeownership in this sector. Industry reports actually...
Senior housing occupancy up in Q4
An NIC Map Vision summary of the fundamentals of the senior housing industry reports that key metrics are still well below pre-pandemic levels, but trends are positive.
Segmenting the market
The senior housing market is highly...
NMHC multifamily construction survey indicates persisting construction delays
More than half (57 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the fifth edition of the National Multifamily Housing Council (NMHC) Construction Survey.
Of this group,...
Rents jump in April
The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in April.
Rents up strongly
Yardi Matrix reported that the national average apartment rent rose $10 in...
Housing affordability will remain a significant challenge in 2022
Low existing home inventory and strong buyer demand will keep housing moving forward in 2022 even as builders continue to grapple with ongoing building material production bottlenecks and labor shortages that will limit the pace of construction...
Commercial property loan delinquencies under watch
A pair of reports, one from Trepp and one from the Mortgage Bankers Association (MBA) show that delinquency rates for commercial mortgages are generally low. However, delinquencies rates are rising for certain categories of...
