HUD launches campaign to boost landlord acceptance of housing vouchers
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a Department-wide task force as part of a larger campaign to encourage more landlords to participate in the Housing Choice Voucher (HCV) Program....
HUD asks for input on opportunity zones
The U.S. Department of Housing and Urban Development (HUD) announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity...
Residential construction spending still rising
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in July was up 0.2 percent month-over-month. Spending on single-family residential construction rose 2.8 percent while...
Multifamily mortgage originations leap higher in Q4
A report from the Mortgage Bankers’ Association (MBA) says that there was a sharp rise in multifamily mortgage originations in Q4 both on a quarter-over-quarter and on a year-over-year basis.
Tracking multifamily mortgage originations
The first...
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...
Rents fall in November
A pair of reports, one from Yardi Matrix and one from Apartment List, track changes in rents charged across the country. The reports show rents declining slightly for the country as-a-whole. However, they both...
Builder confidence edges up as strong demand offsets supply-side challenges
Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest National...
FHFA announces $1.138 billion investment in housing trust fund and capital magnet fund
On February 28, Federal Housing Finance Agency (FHFA) Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives...
Inflation puts multifamily wages under pressure
The wage data the Bureau of Labor Statistics (BLS) released along with its employment situation report show that hourly wage growth for three categories of employees of interest to multifamily owners and operators has...
Multifamily property prices rise at high but declining rate
The latest commercial property price report from MSCI (formerly Real Capital Analytics) said that multifamily property prices rose 20.9 percent year-over-year in July and that they rose 0.9 percent from the month before. Both...
Apartment industry statement on the passage of the Omnibus Spending Bill
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on passage of the Omnibus Spending Bill.
“The National Multifamily Housing Council and the National Apartment Association applaud the passage of the Omnibus...
SVA Architects receives three “Awards of Merit” in Gold Nugget Competition
After announcing its recent move to a larger office in Santa Ana to accommodate its growing demand, SVA Architects, Inc. is celebrating another success upon learning that it earned three 2018 Gold Nugget Awards...
August starts with strong rent payments
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.3 percent of apartment households made a full or partial rent payment by August 6 in its survey of 11.4 million units of professionally...
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....
HUD announces $180+ million in COVID-19 funding for multifamily owners
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced that it is opening a new application period for owners of Multifamily properties participating in assisted housing programs to...
