Racing to the dealership: Baby Boomers and Millennials show off their credit savvy in...
When consumers need loans for auto purchases, understanding their own credit risk situation matters. In its latest consumer automotive survey, Equifax Inc., a global information solutions company, analyzed automotive shopping and buying behaviors across...
2018’s most and least innovative states
With the U.S. projected to spend $553 billion on research and development in 2018 and multiple cities vying to become the location of Amazon’s HQ2, the personal-finance website WalletHub today released its report on 2018’s...
Which multifamily development deals are still breaking ground?
The high cost of debt combined with flat and falling rents has helped drive multifamily starts down 40 to 50 percent this year compared to 2022. But some ground-up development deals are...
Multifamily housing construction completions rebound
The Census Bureau’s new residential construction report for September was the reverse of last month’s report with multifamily housing construction permits and completions rising. Starts fell after moving sharply higher last month, but starts...
The University of Maryland wins HUD’s innovation in affordable housing student design and planning...
The U.S. Department of Housing and Urban Development (HUD) today announced the University of Maryland, College Park as the winner of its 2018 Innovation in Affordable Housing Student Design and Planning Competition. A team...
Multifamily property prices break string of declines
CoStar reported that its value-weighted index of multifamily property prices rose 1.3 percent month-over-month in September 2023, the first gain in 14 months. However, this index was still down 16.6 percent year-over-year.
The value-weighted index...
Rent Payment Tracker: payments down from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.4 percent of apartment households made a full or partial rent payment by November 6 in its survey of 11.5 million units of professionally...
Demand surge puts Houston on top in 4Q
Houston was the nation’s leader for apartment demand in 4th quarter 2017 as a flurry of leasing activity following Hurricane Harvey drove up the metro’s overall numbers. The big surge in demand provided a...
HUD to collaborate with private sector on Opportunity Zones Challenge
The U.S. Department of Housing and Urban Development (HUD) announced the Department will co-lead an Opportunity Zone-focused workforce challenge of the U.S. Census Bureau’s “The Opportunity Project (TOP)” initiative. TOP is a unique and...
The Community Preservation Corporation launches financing guide for small multifamily building projects
The Community Preservation Corporation (CPC), a leading nonprofit affordable housing and community revitalization finance company, announced the launch of Start Small: A guide to financing small multifamily building projects. CPC created this straightforward guide...
Tracking excess savings
A report from Oxford Economics assesses the current state of the excess savings accumulated by American consumers during the pandemic. Access to these savings is helping to support current consumer spending, including on housing.
Legacy...
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...
Insurance costs lead the rise in multifamily expenses
Insurance costs are leading the rise in multifamily expenses, which abated somewhat in the second half of 2023, but still remain high, while increases in property insurance premiums accelerated throughout the year,...
2023 GSE multifamily loan purchase caps set
The Federal Housing Finance Agency (FHFA) announced that the 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $75 billion for each Enterprise, for a combined total of...
Building more luxury apartments lowers rent for all classes
One of ten unintended consequences of rent control, according to the National Apartment Association, is that it reduces developers’ incentives to build new rental housing. Rent control has proven to backfire on...
