Multifamily property prices down again in March
CoStar reported that its value-weighted index of multifamily property prices fell 1.0 percent month-over-month in March, the seventh decline in a row. This index was down 11.0 percent year-over-year.
The value-weighted index of non-multifamily commercial...
Apartment industry reacts to Trump order on regulations
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the Trump administration’s signing of an Executive Order directing agencies to use emergency authorities to identify regulations that can be rescinded...
Industry applauds introduction of Choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bi-partisan legislation that aims to increase private sector participation in the Section...
Multifamily property prices rise at record rate
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 16.8 percent year-over-year through October. This is the highest rate ever seen in their data set, which goes back to...
GDP downturn still expected, but later
Fannie Mae’s November economic and housing forecast still predicts that GDP growth will turn negative, but not until later than in their prior forecasts.
With the November forecast, Fannie Mae’s forecasters are now providing estimates...
April apartment market conditions showed weakness amid COVID-19 outbreak
Apartment market conditions weakened in the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions for April 2020, as the industry confronts the ongoing COVID-19 pandemic. The Market Tightness (12), Sales Volume...
Construction materials prices nearly unchanged in July
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.1 percent month-over-month in July, seasonally adjusted. The index of components and materials for...
HUD proposes criminal records rule changes
HUD issued a notice of proposed rule making to change how criminal records history may be considered in deciding to prohibit individuals from residing in HUD-assisted housing.
According to the proposal, the rule changes would...
Renting cheaper in majority of largest U.S. cities
The average monthly mortgage costs 25 percent more on average than renting across the nation’s 50 most populous cities with just four exceptions: Detroit, Philadelphia, Cleveland and Houston. Of these cities, in Detroit it...
Investor share of single-family home purchases down in Q2
A new report from CoreLogic notes that the share of single-family homes purchased by investors fell from a high of 28 percent in February 2022 to 20 percent in June. While this is a...
Torrid rent growth pace slows slightly in October
The latest rent report from Apartment List shows that rent growth is still at a high, if decelerating, pace. Nationally, rents were up 0.8 percent for the month and nearly 16 percent for the...
Statement from NAHB Chairman Chuck Fowke on Supreme Court OSHA Vaccine Mandate Ruling
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after the U.S. Supreme Court voted 6-3 to stay the Biden administration's enforcement of...
When net zero is not net zero
With increasing frequency, the term net zero is entering conversations around the design and operation of the built environment. This is an important goal, but what if what we are designing and calling net...
Residential construction spending down in July
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in July was down 1.5 percent from the revised (+1.2 percent) level of the month before. Residential...
Single-family drives residential construction spending higher
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in February was up 1.1 percent from the revised level of the month before. Residential construction spending...
