Thursday, March 28, 2024

Apartment watch

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

Nation’s home builders elect leadership for 2021

Members of the National Association of Home Builders (NAHB) elected four senior officers to top leadership positions within the federation at the conclusion of this week's NAHB Winter Leadership Meetings. With more than 700 affiliated state and...
California housing affordability

California spends big on housing

Governor Newsom of California recently signed AB 140 into law. This bill is a trailer to the 2021-21 California State Budget and funds ambitious housing and homelessness prevention programs in the state. It allocates...

Fannie Mae raises multifamily starts forecast

Fannie Mae’s January economic and housing forecasts call for higher multifamily housing starts in 2022 and 2023 than in earlier forecasts. They also call for slightly lower GDP growth and slightly higher inflation in...
emergency rental assistance

Emergency Rental Assistance funds still flowing

A recent report by the U.S. Department of the Treasury states that, as of the end of January 2022, 69 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated...

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....

Rental app fees may change in Colorado

As people move in droves to Colorado, limited housing is an ongoing issue. While newcomers are looking for a place to live, it’s common practice for rental companies to charge an application fee. The fee often...
multifamily housing construction

Census releases multifamily housing construction data for January 2020

The Census Bureau released its monthly new residential construction report for January 2020. It shows continued strength for multifamily housing construction. Permits make a comeback The number of permits issued for buildings with 5 or more units...

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...
commercial property price rises

Multifamily property prices cooling

The latest CoStar report on the changes in the prices of commercial property in the United States said that the equal-weighted quarterly index of multifamily property prices rose 13.3 percent over the last 12...

Two-year pilot program confirms need for mental health resources in construction

A pilot program focused on mental health issues in the residential construction industry recently confirmed the need for a more deliberate and permanent effort to reduce the stigma of discussing mental health within the...
hot rolled steel - rebar

Construction materials prices unchanged in April

The April producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged for the month, seasonally adjusted. The index of components and materials for construction...
google antitrust

Google faces antitrust lawsuit

Warm weather regularly signals the time to move for many marked by a precipitous increase in Google searches for apartments. There were over 6 million searches for the word apartment nationally in May 2022...

SCOTUS grants major victory for property rights

The U.S. Supreme Court announced that two property owners in Montana will have their day in court to prove that the U.S. Forest Service illegally encroached on their land. It reversed lower courts that...

Construction materials prices edge higher as lumber rebounds

The Bureau of Labor Statistics (BLS) released its producer price index report for December 2020. It showed that the BLS price index of materials and components for construction was up 0.8 percent from November,...
apartment prices

RCA: Multifamily property prices higher

A report from Real Capital Analytics (RCA) said that multifamily property prices rose 13.5 percent in the year to July, topping the 12 percent annual increase logged last month. Apartments were again the commercial...
Yield PRO