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...
Fannie Mae revises GDP growth forecast lower again
Fannie Mae’s August economic and housing forecasts predict a recession in early 2023. The economic slowdown is expected to bring inflation under control by late 2023 but at the cost of reducing employment and...
Banks increase holdings of multifamily mortgage debt in Q3
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt holdings shows that banks and thrifts again had by far the largest net increase in multifamily mortgage holdings in Q3 2022.
The MBA...
Midwest real estate experts preview 2020 multifamily trends
As the industry enters a new decade, concerns about a recession and oversupply in the U.S. multifamily market seem to be in most investors’ rearview mirrors. Instead, as noted in the recent U.S. Multifamily...
Multifamily property prices down again in May
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in May fell 0.9 percent from their level of the month before and fell 12.5 percent from their...
Rent Payment Tracker: rents trending down
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.2 percent of apartment households made a full or partial rent payment by September 13 in its survey of 11.4 million units of professionally...
California extends eviction moratorium
California Governor Newsom has signed into law Senate Bill 91 (SB-91), which extends the state’s eviction moratorium to June 30, 2021. The bill also creates the State Rental Assistance Program which will use funds...
California seeks to bind landlords – Update
A new law working its way through the California legislature would make it more difficult for owners of rent-controlled properties in the state to remove those properties from the rental market.
***Update***
The bill's sponsor, Alex...
February new home sales flat after upward revisions to prior months
Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6 percent in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November reports, according to newly...
NMHC Research Foundation releases new study on apartment filtering
The NMHC Research Foundation released a pioneering new study exploring the impact of the filtering process on apartment housing.
A better understanding of the detailed nature of our housing affordability challenges is more important than...
Multifamily loan delinquencies edge higher
Three reports, two from Trepp and one from the Mortgage Bankers Association (MBA) show that loan delinquencies and other signs of stress are growing for commercial mortgages, although from low levels in the case...
Construction material prices rise on higher lumber prices
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2020. It showed that overall prices for processed goods for intermediate demand rose by 0.9 percent. A 7.2 percent jump...
Amazon launches $2 billion Housing Equity Fund to preserve and create over 20,000 affordable...
Amazon announced the Housing Equity Fund, a more than $2 billion commitment to preserve and create over 20,000 affordable housing units in Washington State’s Puget Sound region; Arlington, Virginia; and Nashville, Tennessee—three communities where...
CDC extends eviction moratorium
Dr. Rochelle Walensky, the Director of the Centers for Disease Control (CDC), has extended the agency’s eviction moratorium until July 31, 2021. The agency says that this extension is intended to be the last.
The...
New NMHC construction survey finds record impact on availability of construction labor
A record 93 percent of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the eighth edition of the National Multifamily Housing Council (NMHC) Construction Survey.
Of this group, 83...
