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...
High-income households drive renter growth
Data from several sources suggests high-income renters drive renter growth.What does it mean that the number of renters with incomes above $100K grew by 61 percent over the past five years? RealPage...
Rough times in NYC
Thousands of New York City apartment residents are not caught up on their rent. That hasn’t stopped building operations costs from coming due, even rising. The combination of rising costs and falling incomes is...
Water efficiency upgrades save multifamily housing providers $20,500 per property
A new study from Enterprise Community Partners (Enterprise) and Elevate Energy shows how affordable housing owners can save money, conserve resources and strengthen the long-term viability of their portfolios. The report found that smart...
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...
HUD and DOJ launch public awareness campaign against sexual harassment in housing
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Justice (DOJ) today released a public service announcement (PSA) to raise awareness of housing-related sexual harassment and to reach persons...
SFR industry unjustly targeted in the housing affordability crisis
Hedge funds and private equity investors are the latest culprits in the nation's lack of affordable housing, say lawmakers. But housing experts provide evidence that the SFR industry is being unjustly targeted...
Sponsored: 6 must-ask questions for any managed WiFi provider
Selecting the right partner is key to a great managed WiFi solution for your MDU property and residents. Set your community up for success by asking each potential partner these questions.
Will you design...
Plywood leads broad rise in construction materials prices
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2021. It showed that construction materials prices were up 0.6 percent in the month, seasonally adjusted. The index of materials...
Water management is elemental
Since California got a hose-in-the-sky rain this week, it is a good time for us to think about water. Right now, California has loads of water, possibly more than its infrastructure was designed to...
HUD awards $143 million in grants to support construction and project rental assistance for...
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Wednesday that it has awarded $143 million in grants to non-profit organizations across the country to support the...
The Michaels Organization Educational Foundation awards $1 million in college scholarships
It was the urban farm in her Legends South community that first sparked Gertrude’s interest in horticulture and the idea that gardening could be therapeutic. Three years later, Gertrude, 56, will be heading to Oakton Community...
Survey shows significant delays in apartment construction
The percent of apartment developers reporting construction delays remained essentially the same in the second iteration of the National Multifamily Housing Council’s (NMHC) Construction Survey—56 percent compared to 55 percent in the April 3...
New NMHC white paper explores the Internet of Things and the apartment sector
The Internet of Things (IoT) presents the apartment industry with both opportunities and challenges. The National Multifamily Housing Council (NMHC) has published a new white paper, Smart Communities: The Internet of Things & the...
NY Dem candidate is on a “rent strike”
In New York City’s well-heeled 12th Congressional District, a housing activist named Pete Harrison is running in the Democratic primary to unseat incumbent Congresswoman Carolyn Maloney. But that’s not the only campaign he’s waging....
