Landlords sue to end state’s eviction ban
Two landlords filed a lawsuit challenging California courts’ refusal to hear eviction proceedings. In its response to the COVID-19 pandemic, the agency that oversees California’s courts declared that courts would not consider eviction cases...
Multifamily housing construction rebounds in July
The Census Bureau released its monthly new residential construction report for July 2020. It shows a strong rebound in multifamily housing construction.
Permits up strongly
The number of permits issued for buildings with 5 or more...
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...
Multifamily property values increase in January
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continued to rise in January.
Defining the indices
The CoStar report focuses on a relative measure of property values called the...
April apartment market conditions show improvement
Apartment market conditions showed improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2021, as the industry begins to see signs of optimism. While the Sales Volume (77)...
CoStar reports multifamily property prices rising
A new report from CoStar says that multifamily property prices have resumed their recent rapid rise after a brief slowdown in the middle of last year.
CCRSI defined
The CoStar report focuses on a relative measure...
Trepp sees NOI growth under pressure
A report from Trepp examined the operational and loan performance of multifamily properties in 19 Metropolitan Statistical Areas (MSAs) and found that year-over-year expense growth outpaced revenue growth in 15 of the MSAs in...
HUD and Census Bureau report new residential sales in March 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for March 2018:
New Home Sales
Sales of new single-family houses in March 2018...
HUD launches campaign to boost landlord acceptance of housing vouchers
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a Department-wide task force as part of a larger campaign to encourage more landlords to participate in the Housing Choice Voucher (HCV) Program....
HUD asks for input on opportunity zones
The U.S. Department of Housing and Urban Development (HUD) announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity...
Residential construction spending still rising
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in July was up 0.2 percent month-over-month. Spending on single-family residential construction rose 2.8 percent while...
Broad coalition of housing providers and lending associations warns FHFA against rent control
Eighteen associations representing housing providers, lenders and residents today sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents, reduce...
Lack of existing inventory continues to support builder sentiment
Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues to grapple with building material issues.
Builder confidence in the market...
Rents continued to decline in June
Yardi Matrix released its June 2020 report on the multifamily rental housing market. The report shows continuing softness in the market.
The rent decline continues
The nationwide average rent in June fell by $2 from its...
NAHB forms diversity, equity and inclusion task force
The National Association of Home Builders (NAHB) announced it has formed a Diversity, Equity and Inclusion (DEI) Task Force. The task force as created to review and establish best practices for developing and sustaining policies designed to...
