Thursday, March 28, 2024

Apartment watch

Things to watch, what to know, in your apartment operation

NAHB releases salary, bonus and benefit data for 39 jobs across the home building...

BuilderBooks, the publishing arm of the National Association of Home Builders (NAHB) recently released The Single-Family Builder Compensation Study, 2017 Edition. The study includes data collected on compensation and benefits for 39 common positions at single-family home building...
single-family rental rent growth

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...

HUD charges Alabama property management company and its property manager with discriminating against families...

The U.S. Department of Housing and Urban Development (HUD) announced today that it has charged Mobile, Alabama-based Bienville Property Management, Inc., which does business as Showhomes Mobile and Baldwin Counties, and its property manager...
multifamily parking requirements

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,...

Builders warn Congress WOTUS rule will raise housing costs

Congress received a first-hand account of how the Biden administration’s new waters of the United States (WOTUS) rule is exacerbating the nation’s housing affordability crisis by making home building more inefficient and costly, while...
employment growth

Where the jobs are going

The Bureau of Labor Statistics recently released its County Employment and Wages report for Q1 2023 which identifies the number of jobs and the level of wages by Metropolitan Statistical Area (MSA). The data...

HUD issues request for information on eliminating regulatory barriers to affordable housing

The U.S. Department of Housing and Urban Development (HUD) published a Request for Information (RFI) seeking public comment on Federal, State, local, and Tribal laws, regulations, land use requirements, and administrative practices that artificially...

Rising incomes boost housing affordability in first quarter of 2018

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI)...

MF industry associations respond to President Biden’s extension of the Eviction Moratorium

The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) appreciate President Biden’s prompt and well-intended action to address the ongoing financial struggle of our nation’s 40 million renters. However, NMHC and NAA...

Census reports occupancy shifts since pandemic

The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate rose from 6.6 percent to 6.8 percent over the past year even as the...

Mortgage payments for new homebuyers are rising faster than rents

The national median monthly mortgage payment for homebuyers rose 67 percent faster than rents during the same period, according to a new report from Redfin, the technology-powered real estate brokerage. This is despite mortgage interest...

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...

NMHC, NAA release apartment industry’s 2022 policy priorities

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released the apartment industry’s 2022 policy priorities. On behalf of the apartment industry and our residents, NMHC and NAA are focusing on issues that...
rental housing lease agreement

BLS looks at housing leases

In October 2020, the Bureau of Labor Statistics (BLS) added two questions about housing leases to the survey used to determine the consumer price index (CPI). The questions asked about the origination date of...

New NMHC construction survey finds record impact on availability of construction labor

A record 93 percent of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the eighth edition of the National Multifamily Housing Council (NMHC) Construction Survey. Of this group, 83...
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