2021 NAA Excellence Awards winners announced
The National Apartment Association (NAA) formally recognized the winners of the 2021 NAA Excellence Awards at a virtual ceremony sponsored by Belfor Property Restoration on June 16. The ceremony took place during Apartmentalize+, a...
Multifamily property prices rise in July
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in July, the first month-over-month increase since June 2022. However, this index fell 18.0 percent year-over-year.
The value-weighted index of non-multifamily...
Apartment industry statement on the passage of the Omnibus Spending Bill
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on passage of the Omnibus Spending Bill.
“The National Multifamily Housing Council and the National Apartment Association applaud the passage of the Omnibus...
April NMHC quarterly survey shows greater supply improving affordability
Apartment market conditions were uneven, according to results from the April National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions. The Market Tightness (38), Sales Volume (43) and Debt Financing (36) Indexes...
Next week’s interest-rate decision: How could the Federal Reserve act—and why?
Dwight Johnston, chief economist for the California Credit Union League, made the following comments on next week’s Federal Reserve announcement of short-term monetary policy decisions (interest rates) through its Federal Open Market Committee (FOMC)...
Office-to-apartment conversions gather steam
Office-to-apartment conversions gather steam as developers seek adaptive reuse as a way to fix pandemic-related problems in the office market. Adaptive reuse of office buildings has become so popular, CoStar dubbed 2023...
What Friday’s U.S. jobs report means: Interest rates, GDP, and labor force participation
Two economists from California made the following comments regarding this coming Friday’s U.S. Bureau of Labor Statistics’ non-farm payrolls employment report for March:
Robert Eyler, Board Member of Redwood Credit Union and Economist at Sonoma...
Fewer parking space requirements, lower rents
New research suggests reductions in parking space requirements for apartment projects can lower development costs and rents and lessen environmental impacts.
Parking regulations are a central zoning component of apartment development in the U.S. But,...
Sponsored: How property managers can mitigate the impact of COVID-19
Many property managers are looking for ways to address the impact of the COVID-19 outbreak on the rental landscape. Beyond additional safety measures, there are a few ways you can help attract and maintain...
SFRI rent growth rate continues decline in August
CoreLogic reported that their single-family rent index (SFRI) for August rose 2.9 percent from its year-earlier level. This is down from the 3.1 percent year-over-year rent growth reported last month. The August report continues...
Regulatory horror story highlights need to reform permitting process
Illustrating how the federal regulatory system has run amok and the need for Congress to pass legislation to fix a broken permitting process, a development firm today shared its three-decade nightmare with a House...
The Michaels Organization Educational Foundation awards $1 million in college scholarships
It was the urban farm in her Legends South community that first sparked Gertrude’s interest in horticulture and the idea that gardening could be therapeutic. Three years later, Gertrude, 56, will be heading to Oakton Community...
Yardi Matrix special report reveals a tale of two markets
Yardi Matrix released an update to its most recent multifamily rent forecast. The special report reveals that when it comes to rent growth and supply, the multifamily sector is a tale of...
Housing affordability will remain a significant challenge in 2022
Low existing home inventory and strong buyer demand will keep housing moving forward in 2022 even as builders continue to grapple with ongoing building material production bottlenecks and labor shortages that will limit the pace of construction...
HUD joins Justice Department in nationwide initiative to combat sexual harassment in housing
Today, as the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice recognizes the 50th Anniversary of the Fair Housing Act, Secretary Carson and Attorney General Jeff Sessions announced the...
