Rents rise in March but overall multifamily growth stays dormant
The average national apartment rent was up for the first time since summer 2017 in March, according to data reported by Yardi Matrix, recording an increase of $4 to $1,371.
But the uptick does not...
Evaluating the impact of COVID-19
The John Burns Real Estate Consulting New Homes Insights podcast recently interviewed Greg West, CEO of ZOM Living. The interview focused on the impact of COVID-19 on his business. This article summarizes key points...
NAHB supports SkillsUSA and workforce development provides national carpentry winners with scholarships
The National Association of Home Builders (NAHB) has announced support for SkillsUSA, a national education nonprofit focused on workforce development. The 2022 sponsorship will support SkillsUSA's mission and scholarships for the national carpentry winners of the SkillsUSA Championships...
HUD awards $14 million to help low-income public housing residents secure higher paying jobs
To help low-income public housing residents increase their income and move toward self-sufficiency, the U.S. Department of Housing and Urban Development (HUD) today awarded $14 million to seven Public Housing Authorities (PHAs). HUD’s Jobs Plus...
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...
Builder confidence in the 55+ housing market remains healthy in first quarter
Builder confidence in the single-family 55+ housing market dropped five points to 66 in the first quarter of 2018, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today. The decline...
Enodo identifies 9,000 undervalued multifamily properties nationwide
Enodo, an automated underwriting platform for multifamily real estate, recently applied its price and cap rate prediction algorithms to its database of 1.7 million assets nationwide to identify the nation’s most statistically undervalued multifamily...
Secretary Carson proposes rent reform
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today unveiled a package of reforms designed to offer Public Housing Authorities (PHAs), property owners and HUD-assisted families a simpler, less invasive and more transparent...
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...
Builder confidence remains on solid footing in March
Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo...
HUD awards $6.7 million in research grants to reduce lead and other housing-related health...
To help protect children and seniors from exposure to lead and other home health hazards, the U.S. Department of Housing and Urban Development (HUD) today awarded $6.7 million to seven universities and public health organizations...
NMHC calls on lawmakers to provide direct financial assistance to renters
NMHC and its member firms are committed to supporting residents who are impacted by COVID-19 and need assistance with their housing costs. NMHC is actively working with Congress to secure federal support for those...
Multifamily construction spending steady as single-family falls
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in October was up 0.6 percent month-over-month. Spending on single-family fell for the 6th month in...
New home sales rise 4 percent in March
Sales of newly built, single-family homes rose 4.0 percent in March to a seasonally adjusted annual rate of 694,000 units after an upwardly revised February report, according to newly released data by the U.S. Department of Housing...
Lumber prices lead construction materials prices higher in February
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in February on a seasonally adjusted basis. The index of components...
