Residential construction spending down slightly in September
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in September was up 19 percent year-over-year but fell 0.4 percent month-over-month.
Passing the peak
The reported value of...
Multifamily property values continue to rise
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continue to rise in September despite the pandemic.
Defining the indices
The CoStar report focuses on a relative measure of multifamily...
HUD to issue rule protecting tenants facing evictions for non-payment of rent in HUD-assisted...
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced that it will publish a rule that prohibits the eviction of tenants facing eviction for nonpayment of rent from HUD-subsidized public housing...
Modest gains seen for senior housing
A pair of reports, one from CBRE and one from NIC Map Vision, show that the senior housing market has made modest improvements as it recovers from the sharp downturn in occupancy it experienced...
Construction materials prices continue to fall
The November producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.2 percent in the month, seasonally adjusted, the third monthly decline in a row....
Fannie Mae raises forecast for multifamily housing production
Fannie Mae’s August economic forecast projects lower GDP growth for the rest of 2021, partially offset by higher GDP growth for Q1 2022. Their housing forecast anticipates more multifamily housing starts in 2021 and...
Housing starts weaken in July as market slowdown continues
A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act...
Census report foretells multifamily construction slowdown
The Census Bureau’s new residential construction report for January showed rising level of multifamily construction completions. However, both multifamily permits and starts were down sharply for the month. If this trend continues, it would...
NMHC/NAA statement on the FCC’s new multifamily broadband rule
Statement from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) on the FCC’s Report and Order and Declaratory Ruling in the matter of Improving Competitive Broadband Access to Multiple Tenant...
23 Million residents on the move
Remote working may be here to stay leading millions of residents to relocate.
Many large U.S. businesses have made their work at home policy permanent. Others have extended their remote work policies through 2021. It’s...
Commercial property prices hit new high
New reports from CoStar and from Real Capital Analytics (RCA) state that commercial real estate prices reached an all-time high in November, with multifamily property prices showing strong year-over-year gains.
Indexes defined
The CoStar report focuses...
Lack of existing inventory continues to support builder sentiment
Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues to grapple with building material issues.
Builder confidence in the market...
Single-family housing contraction continues in October
Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.
Overall housing starts decreased 4.2...
NAA and NMHC statement on the passage of the bipartisan Infrastructure Investment and Jobs...
The National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) applaud the passage of the Bipartisan Infrastructure Investment and Jobs Act.
The nation’s apartment industry and our 40 million residents depend on robust,...
January apartment market conditions show improvement
Apartment market conditions generally improved according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for January 2022. The Market Tightness (69), Sales Volume (59), and Equity Financing (67) indexes all...
