Construction materials price rises outpace CPI in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2022. It stated that construction materials prices were up 0.8 percent in the month, seasonally adjusted. The index was 21.2...
Rising employment reported for apartment operations
The October Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs rose while employment in residential construction jobs was nearly unchanged.
Economy continues to produce jobs
The Bureau of...
Statement from NAHB chairman Randy Noel and HBI incoming president and CEO Ed Brady...
Randy Noel, chairman of the National Association of Home Builders (NAHB) and Ed Brady, incoming president and CEO of the Home Builders Institute (HBI), issued the following joint statement regarding the First Step Act:
"NAHB commends Republicans and...
HUD awards more than $130 million to provide affordable housing to people with disabilities
The U.S. Department of Housing and Urban Development (HUD) awarded $131.3 million to 325 local public housing authorities across the country to provide affordable housing to approximately 15,363 additional non-elderly persons with disabilities. Secretary...
Rents fall in December
The latest rent report from Apartment List shows that the national average rent growth in December remained negative for the fourth consecutive month. Rents fell 0.8 percent month-over-month. Year-over-year rent growth was 3.9 percent,...
GSEs increase share of multifamily mortgage debt in Q2
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt outstanding shows that lending for mortgages on multifamily properties continued in Q2 2020. Total multifamily mortgage debt rose by 2 percent, or...
Residential construction spending jumps in January
The Census Bureau’s report on residential construction spending for January shows a 2.7 percent increase from December’s level. Overall construction spending was up 0.9 percent for the month and was 3.8 percent higher than...
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 July was up 27 percent year-over-year.
Improvements offset single-family
The reported value of total private residential construction put...
Construction materials price rises pause in September
The Bureau of Labor Statistics (BLS) released its producer price index (PPI) report for September 2021. It showed that construction components and materials prices were down 0.2 percent in the month, seasonally adjusted. However,...
Statement from NAHB Chairman Chuck Fowke on Sen. Capito’s Clean Water Act Legislation
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement on Sen. Shelley Moore Capito's (R-W.Va.) legislation to codify the 2020 Clean Water Act...
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...
Rent growth flatlines in September
Yardi Matrix reported that national average apartment rent growth stalled in September with rent remaining unchanged from their August level at $1,718 per month.
YoY rent growth rate slide continues
The national average apartment rent was...
Garden apartments lead rent growth
Rents in low-rise garden apartments continue to rise faster than pricing in taller residential structures. Garden apartments, defined as properties of one to three stories, register 3.1 percent rent growth for 2017, versus 1.4...
New home sales remain relatively flat in February
Higher mortgage rates and home prices, as well as increased construction costs contributed to lackluster new home sales in February, but signs point to improvement later in the year.
Sales of newly built, single-family homes...
Sponsored: How to engage with today’s multifamily renters
When a potential renter walks through your doors, are you positioned to understand their specific needs? In a recent Assurant study, we’ve outlined five specific renter types and their psychographic data so you can...
