Rent growth falls in December
Yardi Matrix reported that national average apartment rent growth turned negative in December with rents falling $4 from November’s revised level to $1,715 per month.
YoY rent growth rate slide continues
The national average asking apartment...
Multifamily housing construction permits fall while starts rise
The Census Bureau’s new residential construction report for August was the reverse of last month’s report with multifamily housing construction permits and completions falling sharply while starts jumped.
In single-family housing construction, the changes from...
Poll shows Californians support rent control initiative
A poll from the Public Policy Institute of California (PPIC) says the 55 percent of likely voters are currently in support of an initiative scheduled for the November 2024 ballot that would expand the...
NMHC & Kingsley 2020 Apartment Resident Preferences Report takes residents’ pulse on top leasing...
From must-have technology to popular pet perks, the 2020 Apartment Resident Preferences Report released today by the National Multifamily Housing Council (NMHC) and Kingsley Associates provides an exhaustive look at what apartment residents want...
Construction materials prices unchanged in August
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged month-over-month in August on a seasonally adjusted basis. The index of components and materials...
MBA looks ahead
The Mortgage Bankers’ Association (MBA) recently released its Q1 2022 quarterly databook. It contains some data that they had previously released but it also includes economic forecasts for key metrics through 2024.
Something old
The information...
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...
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...
Rent growth remains negative in December
The latest rent report from Apartment List shows that the national median monthly rent growth in December was -0.8 percent. Year-over-year rent growth was -1.0 percent.
Apartment List reported the national median apartment rent to...
New guide provides answers to common code questions
A new guide co-published by the National Association of Home Builders (NAHB) and the International Code Council (ICC) helps industry professional navigate the 2018 International Residential Code. Available through BuilderBooks, NAHB's publishing arm, the 2018...
HUD awards $144 million to revitalize five neighborhoods
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced five communities across the country will receive a combined $144 million to redevelop severely distressed public or assisted housing and to revitalize surrounding...
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...
Apartment market competitiveness down from last year
RentCafe reported that the apartment rental market remained moderately competitive at the recent peak of the 2023 rental season. However, most measures of apartment market competitiveness were down from the levels they posted at...
NMHC identifies industry’s largest firms
The National Multifamily Housing Council (NMHC) released their 2021 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
Job openings down slightly in May
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in May from last month’s level, but they remained at a...
