Residential construction spending up in November
The Census Bureau’s report on residential construction spending for November shows a 2.7 percent increase from October’s level. Overall construction spending was up 0.9 percent for the month and was 3.8 percent higher than...
2018’s cities with the highest and lowest credit scores
With tax season coming up and people evaluating their spending and debts more closely, the personal-finance website WalletHub analyzed the median credit scores of residents in 2,572 cities to determine 2018's Cities with the...
New Section 8 income rule would cap rent growth for LIHTC properties
On January 9, HUD proposed changes to how they calculate Section 8 income limits. The summary of the change as posted on the Regulations.gov website read in part: “The United States Housing Act of...
No rent growth in October
A pair of reports, one from Yardi Matrix and one from Apartment List, track changes in rents charged across the country. One report shows rents remaining flat while the other shows rents declining for...
Residential construction spending continues to rise
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in June was up 1 percent month-over-month and up 29 percent year-over-year. However, the apparent strength of...
NMHC & Grace Hill release data on COVID’s impact on renter preferences
The pandemic influenced 25 percent of renter moves over the past 18 months, and 70 percent of renters anticipate teleworking the same amount or more going forward, according to data from the National Multifamily Housing...
CDC extends eviction moratorium
Dr. Rochelle Walensky, the Director of the Centers for Disease Control (CDC), has extended the agency’s eviction moratorium until July 31, 2021. The agency says that this extension is intended to be the last.
The...
HUD makes record $2.3 billion available to support thousands of local homeless programs
In a continuing effort to prevent and end homelessness, the U.S. Department of Housing and Urban Development (HUD) today is making a record $2.3 billion available to support thousands of local homeless assistance programs...
Construction materials prices reported lower in March
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were down 0.1 percent month-over-month in March on a seasonally adjusted basis. The index of components...
IRR assesses the state of the CRE market
Intergra Realty Resources (IRR) released its Viewpoint 2022 report on the CRE market. The report states that the economy has strong momentum going into 2022, but that the markets may not be adequately pricing...
Ginnie Mae November MBS volume sustains recent pace with more than $76 billion of...
Ginnie Mae mortgage-backed securities (MBS) continue to be a strong source of capital for America's homeowners, with more than $76.2 billion of securities issued in November, the fifth consecutive month issuance topped $70 billion....
Move to double lumber tariffs is a gut punch to American home buyers, home...
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. Commerce moved forward with an administrative review to double the...
Seasonality returns to rent growth
The latest rent report from Apartment List shows that the national average rent fell slightly in December, the only month-over-month rent decline in 2021. Nationally, rents fell 0.2 percent for the month while they...
Budget accord misses the mark on affordable housing
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the Low Income Housing Tax Credit component of the $1.3 trillion spending...
HUD takes a major step to improve health and safety inspections
The U.S. Department of Housing and Urban Development (HUD) announced another step to overhaul the Department’s 20-year-old inspection process to ensure taxpayer-supported housing is healthy and safe. HUD is launching a new demonstration to...
