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...
Secretary Ben Carson’s open letter to HUD Employees
Dear Colleagues,
By now, many of you may have read media accounts indicating that we’ve changed HUD’s mission statement and that these changes signal some sort of retreat from our legal and rightful role in...
Record-high lumber prices are hammering housing affordability
Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector from moving the economy forward, according to the National...
Student housing demand will remain strong, but will be more diverse and focused on...
Student housing has historically experienced recession-proof demand as measured by enrollment in public four-year universities. NMHC’s Research Foundation has released two new reports exploring the future of student housing as the millennials age and...
Four secrets to lowering your commercial insurance premiums
Based on the recent hurricane activities and other coastal disasters over the past couple years, it is no secret that an increase in 2018 insurance premium is coming. These disasters have also led to...
Rent Payment Tracker: October payments down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 78.4 percent of apartment households made a full or partial rent payment by October 6 in its survey of 11.8 million units of professionally...
Millennials leading the growth of new home buyers
As the housing industry celebrates New Homes Month in April, recent data from the Census Bureau confirms that millennials are increasingly entering the housing market as first-time buyers.
The homeownership rate of millennials--now at 36 percent--registered the largest...
Apartment industry reacts to Trump order on regulations
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the Trump administration’s signing of an Executive Order directing agencies to use emergency authorities to identify regulations that can be rescinded...
Operating expenses consume 93 cents of every rent dollar
Research from the National Apartment Association (NAA) reveals that nationally, on average 93 cents of every rent dollar cover essential operating expenses and support local communities. In addition to national data, NAA’s research provides...
Multifamily housing construction up in May
The Census Bureau released its monthly new residential construction report for May 2020. It shows the start of a rebound in multifamily housing construction.
Permits pick up
The number of permits issued for buildings with 5...
NAHB study shows steady gains in construction employment, but levels remain below peak
A new construction employment analysis from the National Association of Home Builders (NAHB) shows that 9.8 million people worked in construction in 2016, and more than 3.8 million of them worked in residential construction. These numbers reflect...
New research on rent control confirms negative economic, social impacts
Rent control policies are laws that cap rents and are usually implemented with the stated purpose of improving housing affordability. In fact, they may do just the opposite, according to an in-depth review of...
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...
HUD announces $10 million in “sweat equity” grants
The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in "sweat equity" grants to four non-profit self-help housing organizations which will create at least 535 affordable homes for hard-working, low-income...
In a critical victory for the multifamily industry, California voters defeat Prop 10
Statement from National Multifamily Housing Council (NMHC) CEO Doug Bibby on California Ballot Initiative Proposition 10:
“California voters sent a resounding message yesterday that rent control is not the answer to solving the housing affordability...
