NAHB now accepting applications for multifamily Pillars of the Industry Awards competition
The National Association of Home Builders (NAHB) opened its general call for entries for the Multifamily Pillars of the Industry Awards competition. Multifamily owners and developers, builders, property managers, architects, interior designers and multifamily industry professionals are invited...
HUD approves US Virgin Islands’ $243 million disaster recovery plan
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced he is approving a disaster recovery plan to help citizens in the U.S. Virgin Islands to recover from Hurricanes Irma and...
Builder confidence slips one point, remains in solid territory
Builder confidence in the market for newly built single-family homes edged down one point to a level of 69 in April on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains on firm...
LIXIL Americas, makers of American Standard, contribute to skilled labor fund
The National Housing Endowment, the philanthropic arm of the National Association of Home Builders (NAHB), today welcomed a significant donation from plumbing fixture manufacturer LIXIL Americas for the Skilled Labor Fund, an industry-wide effort to provide scholarships...
U.S. needs 4.3 million more apartments by 2035 to address demand, deficit and affordability
Amidst demographic shifts and lingering pandemic impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by...
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...
Property managers can impact rent payment
The national COVID-19 Resident Sentiment Report released by Grace Hill reveals that many more renters are unsure about their ability to pay May rent as the economic impact of COVID-19 is fully felt. But, property...
SVA Architects receives three “Awards of Merit” in Gold Nugget Competition
After announcing its recent move to a larger office in Santa Ana to accommodate its growing demand, SVA Architects, Inc. is celebrating another success upon learning that it earned three 2018 Gold Nugget Awards...
New home sales drop 7.8 percent in January
Sales of newly built, single-family homes fell 7.8 percent in January to a seasonally adjusted annual rate of 593,000 units after an upwardly revised December reading, according to newly released data by the U.S....
Fewer pay rent by June 6 than did last year
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.0 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.7 million units of professionally...
Sustainability issues to watch in 2024
On Wednesday, January 10, ULI hosted their webcast “ULI Global Sustainability Outlook 2024” where they discussed, not emerging trends, but what key things would be focused on in 2024. The panel discussion reviewed five...
SFR rent growth rate continues decline in July
CoreLogic reported that their single-family rent index (SFRI) for July rose 3.1 percent from its year-earlier level. This is down from the 3.3 percent year-over-year SFR rent growth reported last month. The rate of...
Sizing up adaptive reuse
A new report by RentCafe looks at the recent growth in the number of new apartments being created through the adaptive reuse of existing buildings. Adaptive reuse is often mentioned as one approach to...
MBA forecasts slight decline for commercial/multifamily originations in 2018
The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will decline slightly in 2018, ending the year at $519 billion, down two percent from the 2017 volumes. MBA expects volumes to remain...
HUD approves agreement between Nevada real estate companies and applicant resolving claims of disability...
The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved a Conciliation Agreement between Delta House Investments, LLC in Reno, Nevada, and Premier Realty, Inc., of Carson City, Nevada,...
