Trepp looks at NOI growth
A recent report from Trepp looks at how multifamily net operating income (NOI) grew between 2021 and 2022 and how NOI growth varied across the country. It did so by examining a sub-set of...
Rent payment tracker: payments down
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.4 percent of apartment households made a full or partial rent payment by September 6 in its survey of 11.4 million units of professionally...
Best properties and PMCs by reputation
Online reputation management company, Reputation.com, has analyzed its database of 3 million customer reviews of more than 70,000 multifamily properties to compile a list of the best properties and best property management companies.
How good...
Yardi and property managers sued over revenue management software
Property management software firm Yardi Systems was sued in the U.S. District Court for the Western District of Washington on September 8 over its revenue management software product, currently called Revenue IQ. The suit...
Call for entries now open for NAHB’s sales and marketing awards—’The Nationals’
The Nationals?—the National Association of Home Builders' national sales and marketing awards program—is open for entries. Honoring the best in new-home sales, marketing and design, The Nationals competition acknowledges superior new-home sales and marketing achievements by individual sales...
HUD awards $5 million to 22 public housing agencies for emergency and security improvements
In an effort to keep public housing residents safe and secure, the U.S. Department of Housing and Urban Development (HUD) is awarding $5 million in grants to 22 public housing authorities.
HUD’s Capital Fund Emergency Safety...
Quits set record in September
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report on the jobs market for September. It reported that the number of job openings fell slightly but quits...
Economic pressures plague renters as median income fell in 2022
Called the invisible tax, inflation wreaked havoc with resident income in 2022 according to new reports by the Census Bureau. This marks three straight years where the nation’s standard of living has fallen due...
NAHB commends White House commitment to workforce development
Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement marking the one-year anniversary of the White House executive order...
Rents move higher in September
The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in September.
Rents up across the board
Yardi Matrix reported that the national average apartment rent rose...
Remodeling market sentiment edged down in second quarter
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 68, edging down two points compared to the previous quarter.
The NAHB/Westlake...
Multifamily housing construction is the bright spot in housing
The Census Bureau’s new residential construction report for July showed multifamily housing construction permits and completions were both strong but that starts fell for the month.
In single-family housing construction, permits and starts were both...
HUD approves agreement resolving allegations of housing discrimination involving two California apartment complexes
The U.S. Department of Housing and Urban Development (HUD) today announced it has approved a Conciliation Agreement between the Fair Housing Council of Riverside County (FHCRC) and the owners and property managers of Sierra...
Senators ask DOJ to investigate revenue management software
Senator Elizabeth Warren (D-Mass.) along with senators Ed Markey (D-Mass.), Tina Smith (D-Minn.) and Bernie Sanders (I-Vt.) have asked the Department of Justice (DOJ) to investigate RealPage’s YieldStar revenue management product for “facilitating de-facto...
Multifamily property prices up despite sales slowdown
CoStar reported that its value-weighted index of multifamily property prices increased 22.9 percent, year-over-year, in June 2022. This index was up 1.4 percent month-over-month. The year-over-year increase is down from that seen in May,...
