Census report foretells multifamily construction slowdown
The Census Bureau’s new residential construction report for January showed rising level of multifamily construction completions. However, both multifamily permits and starts were down sharply for the month. If this trend continues, it would...
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...
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...
Multifamily housing permits rise but starts fall in December
The Census Bureau’s new residential construction report for December reported that the number of multifamily permits issued increased but that starts and completions both fell for the month. Starts exceeded completions again leading the...
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...
Multifamily construction spending weakens
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in October was down 0.2 percent from the revised level of the month before. Spending on...
Rent growth continues autumn fall
The latest rent report from Apartment List shows that the national median monthly rent growth in September was -0.5 percent. Year-over-year rent growth was -1.2 percent. The month-over-month results are the worst for a...
HUD awards $75 million to help end youth homelessness
The U.S. Department of Housing and Urban Development (HUD) is awarding $75 million to end youth homelessness in 23 local communities across the country, including eight rural areas. HUD’s Youth Homelessness Demonstration Program (YHDP)...
HUD Secretary Carson launches new financial controls to enhance department’s fiscal strength and integrity
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new measures to protect the financial integrity of the agency and correct lax internal processes and controls. Secretary Carson directed HUD’s...
The long senior moment
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, began Charles Dickens in A Tale of Two Cities. This...
Housing group sues Huntington Beach
Californians for Homeownership, a nonprofit organization sponsored by the California Association of Realtors (CAR) that aims to address California's housing crisis through impact litigation, today announced that it has filed a lawsuit against the City...
Multifamily starts forecast lower
Fannie Mae’s October economic and housing forecast predicts lower multifamily starts in both 2023 and 2024 than called for in last month’s forecast.
Multifamily starts predicted lower
The current forecast for multifamily housing starts is shown...
NMHC & Grace Hill release data on COVID’s impact on renter preferences
The pandemic influenced 25 percent of renter moves over the past 18 months, and 70 percent of renters anticipate teleworking the same amount or more going forward, according to data from the National Multifamily Housing...
Multifamily mortgage originations fall in Q3
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations in Q3 2023 were down 16 percent quarter-over-quarter and were down 50 percent year-over-year. Originations of all commercial mortgages as a...
HUD reaches agreements with Florida, Virginia and California landlords settling claims of sexual harassment...
Today, the U.S. Department of Housing and Urban Development (HUD) announced three settlements of claims involving allegations of sexual harassment totaling approximately $125,000 in relief for complainants.
The Fair Housing Act makes it illegal to...
