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...
Multifamily mortgage originations leap higher in Q4
A report from the Mortgage Bankers’ Association (MBA) says that there was a sharp rise in multifamily mortgage originations in Q4 both on a quarter-over-quarter and on a year-over-year basis. Tracking multifamily mortgage originations The first...
Rents up in January
The latest rent report from Yardi Matrix shows that apartment rents are continuing to rise this year even during the winter months when they are usually flat. However, the pace of rent increases is...
NAHB supports SkillsUSA and workforce development provides national carpentry winners with scholarships
The National Association of Home Builders (NAHB) has announced support for SkillsUSA, a national education nonprofit focused on workforce development. The 2022 sponsorship will support SkillsUSA's mission and scholarships for the national carpentry winners of the SkillsUSA Championships...
Construction materials prices continue to climb
The Bureau of Labor Statistics (BLS) released its producer price index report for January 2022. It showed that construction materials prices were up 2.9 percent in the month, seasonally adjusted. The index was 23.6...
Builder confidence drops on supply-side constraints
Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects. Builder confidence in the market for newly built single-family...
NMHC, NAA release apartment industry’s 2022 policy priorities
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released the apartment industry’s 2022 policy priorities. On behalf of the apartment industry and our residents, NMHC and NAA are focusing on issues that...
Federal Housing Administration removes temporary COVID-19 underwriting mitigants for multifamily transactions
The Federal Housing Administration (FHA) announced at the Mortgage Bankers Association Commercial/Multifamily Finance Convention & Expo that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National...
Multifamily jobs up in December
The latest Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the numbers of both residential construction jobs and apartment operations jobs were both up for the month. However, this report...
Remodeling demand remained strong in 2021 despite supply chain problems
The remodeling industry saw strong demand throughout 2021 despite supply chain problems and rising costs, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers at the NAHB International Builders'...
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...
Soaring construction costs drop housing affordability to lowest level in a decade
Supply-chain bottlenecks that put upward pressure on home prices along with rising interest rates contributed to housing affordability falling to a 10-year low. And ongoing production challenges and the likelihood of higher interest rates in the months...
