Emergency Rental Assistance funds still flowing
A recent report by the U.S. Department of the Treasury states that, as of the end of January 2022, 69 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated...
Job openings top 11 million in January
The January Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings remained high for the month while hiring was flat. Overall jobs market...
Mixed multifamily jobs report for February
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the number residential construction jobs rose for the month, but apartment operations jobs fell. Total employment rises The BLS reported that employment increased...
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...
CoStar reports multifamily property prices rising
A new report from CoStar says that multifamily property prices have resumed their recent rapid rise after a brief slowdown in the middle of last year. CCRSI defined The CoStar report focuses on a relative measure...
Residential construction spending rises in January
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in January was up 1.3 percent from the revised level of the month before. Residential construction spending...
Rent growth accelerates in February
The latest rent report from Apartment List shows that the national average rent rose in February, increasing 0.6 percent month-over-month and 17.6 percent year-over-year. Rent growth and vacancy rates In the four years before 2020 for...
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...
Single-family and multifamily growth solid but trended in opposite directions in last half of...
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family growth in all small and large metro urban, suburban and rural regional...
Multifamily property prices continue sharp rise in January
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 22.5 percent year-over-year in January and that they rose 1.9 percent from the month before. Defining CPPI Real Capital Analytics tracks an...
Multifamily construction sentiment ends Q4 on positive note
Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The...
Fannie Mae forecasts higher inflation ahead
Fannie Mae’s February economic and housing forecasts call for marginally higher multifamily housing production in 2022 and 2023 than in earlier forecasts. Other forecasts for 2022 call for slightly lower GDP growth and slightly...
Multifamily housing unit completions lower in January
The Census Bureau’s new residential construction report for January showed high levels of multifamily permit issuance and unit starts, but completions continue to lag. Multifamily housing permits remain at high level The number of permits issued...
NMHC/NAA statement on the FCC’s new multifamily broadband rule
Statement from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) on the FCC’s Report and Order and Declaratory Ruling in the matter of Improving Competitive Broadband Access to Multiple Tenant...
Supply chain issues continue to slow housing
With builders continuing to report supply chain problems that are causing construction delays, overall housing starts decreased 4.1 percent to a seasonally adjusted annual rate of 1.64 million units, according to a report from the U.S. Department...
