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...
CoStar reports multifamily property price rise slowing
A new report from CoStar says that multifamily property prices continued their recent rise in October, although the rate of price gains has moderated recently.
CCRSI defined
The CoStar report focuses on a relative measure of...
Rent growth rate up in May
The latest rent report from Apartment List shows that the national average rent rose in May. Rent growth was 1.2 percent month-over-month and 16.4 percent year-over-year.
The history of rent changes for the 6 years...
Rent remains high, but more properties offer incentives
Rental concessions—offers meant to entice tenants, such as free months of rent or free parking—are at their highest level in more than two years despite strong renter demand, Zillow's latest data shows. That's because...
MF industry associations respond to President Biden’s extension of the Eviction Moratorium
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) appreciate President Biden’s prompt and well-intended action to address the ongoing financial struggle of our nation’s 40 million renters.
However, NMHC and NAA...
International investment in multifamily property falls during 2020
A new report from CBRE found that both the absolute dollar value of foreign investment in multifamily properties as well as foreign investment’s share of total investment fell during 2020.
Sizing up the deals
The CBRE...
Real estate industry strongly opposes the CDC imposing a new federal eviction moratorium
A broad real estate coalition strongly opposes the Centers for Disease Control (CDC) decision to reimpose a federal eviction moratorium. This move takes place despite the fact that the Administration itself noted it lacks...
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...
The Grand at SkyView Parc offers exclusive in-house spa services
The Grand at SkyView Parc, located in Flushing, Queens, offers a unique amenity that is uncommon among developments. Residents have exclusive access to The Grand Club, an onsite health and wellness escape offering full-service...
HUD invites public housing agencies to join Moving to Work demonstration program
The U.S. Department of Housing and Urban Development (HUD) is inviting public housing agencies to join the Department’s expanding Moving to Work demonstration program. Moving to Work (MTW) allows public housing agencies (PHAs) to...
Recession coming, but later
Fannie Mae’s January economic and housing forecasts predict a stronger finish for multifamily starts in 2022 and a higher number of multifamily starts in 2023 than did earlier forecasts. However, it also foresees a...
Multifamily construction sentiment showed improvement in third quarter
Confidence in the market for new multifamily housing increased in the third quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices....
2018’s best large cities to start a business
With April 29 kicking off National Small Business Week and sweeping business tax reform recently signed into law by President Donald Trump, the personal-finance website WalletHub today released its report on 2018’s Best Large...
HUD awards $99 million to provide affordable housing to people with disabilities
The U.S. Department of Housing and Urban Development (HUD) today awarded $98.5 million to 285 local public housing authorities across the country to provide permanent affordable housing to nearly 12,000 additional non-elderly persons with...
