Construction materials prices up again in December
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in December on a seasonally adjusted basis. The index of components...
Construction delays ongoing as costs are on the rise
Fully 97 percent of apartment developers report experiencing construction delays according to the National Multifamily Housing Council’s (NMHC) Construction Quarterly Survey. Of those experiencing overall delays, 83 percent reported delays in permitting and 93...
White House plans new renter protections
The White House recently announced a series of actions that executive branch agencies will take to improve renter protections and “fairness” in the rental housing market. It also released a document called Blueprint for...
Statement from NAHB Chairman Greg Ugalde on President Trump’s Housing Affordability Executive Order
Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., attended today's signing ceremony at the White House and issued the following statement after President Trump signed...
Rent growth inches higher in February
Yardi Matrix reported that national average apartment rent was up $1 in February compared to the revised level of the month before at $1,713 per month. The national average year-over-year apartment asking rent growth was...
Another mixed report on multifamily housing construction in December
The Census Bureau released its new residential construction report for December 2020. It is the inverse of last month's report with a drop this month in multifamily housing construction permits and starts but a...
HUD moves quickly to make $3 billion of COVID-19 relief funding available to communities...
President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law last Friday, providing much-needed assistance to the American people as the country works diligently to combat COVID-19. Thanks to...
Holiday hitchhikers: Keeping pests out of homes this season
The holiday season, a time for family, fun and festivities, is here. If you're not careful, unwanted hitchhikers—pests—may be celebrating the holidays alongside you and your family. Orkin Pest Control has tips for keeping...
Rent growth losing streak ends in February
The latest rent report from Apartment List shows that the national average monthly rent growth in February was a positive 0.3 percent, breaking a string of 5 monthly declines. Year-over-year rent growth was 3.0...
Housing starts finish 2019 strong
Total housing starts increased 16.9 percent in December to a seasonally adjusted annual rate of 1.61 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is a 13-year high...
NMHC and NAA statement on the extension of the CDC Eviction Moratorium
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) are deeply disappointed with the extension of the Center for Disease Control (CDC)’s eviction moratorium.
After grappling with the financial distress of the...
Action on supply chain bottlenecks needed to boost housing affordability
The National Association of Home Builders (NAHB) called on Congress and the Biden administration to help ease building material supply chain bottlenecks that are harming housing affordability by removing trade barriers and seeking solutions to port congestion...
Rents continue to decline in May
Yardi Matrix released its May 2020 report on the multifamily rental housing market. The report shows that the COVID-19 induced softness in the market is continuing.
Rent growth drops
While the usual annual pattern is for...
Two KTGY designs selected as 2019 NMHC Innovation Challenge Finalists
KTGY Architecture + Planning announced today that the National Multifamily Housing Council (NMHC) has named its five finalists for its 2019 Innovation Challenge competition with KTGY receiving two finalist honors for “Park House |...
Construction materials prices unchanged in April
The April producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged for the month, seasonally adjusted. The index of components and materials for construction...
