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...
Multifamily construction spending on the rise
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in August was up 0.6 percent month-over-month. Spending on single-family residential construction rose 1.7 percent while...
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...
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)...
Class B is the place to be, say analysts
Class B apartment properties outperformed their luxury siblings in 2023, and most analysts expect they will continue outperforming in 2024. Berkadia concluded that data published in a December 2023 report entitled, “Is...
White House supports adaptive reuse
The U.S. Department of Housing and Urban Development (HUD) and the Biden-Harris Administration announced new steps intended to bolster the nation’s housing supply and improve housing affordability. The White House released a guidebook, developed...
Property management jobs grow as construction jobs stall in February
The Employment Situation Report for February from the Bureau of Labor Statistics stated that employment in property management rose while residential construction employment fell fractionally compared to the revised levels of the month before.
Overall...
NMHC survey reveals rise in rental fraud
A recent survey of rental housing providers by the National Multifamily Housing Council found that rental application, financial and identity fraud are increasing throughout the nation, fueled by social media platforms that...
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...
NMHC, NAA release apartment industry’s 2021 policy priorities
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released the apartment industry’s 2021 policy priorities.
On behalf of the apartment industry and our residents, NMHC and NAA are focusing on issues that...
MSCI: Multifamily property prices lower in January
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in January fell 0.4 percent from their level of the month before. Prices were down 7.9 percent from...
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...
Soaring construction costs drop housing affordability to lowest level in a decade
Supply-chain bottlenecks that put upward pressure on home prices along with rising interest rates contributed to housing affordability falling to a 10-year low. And ongoing production challenges and the likelihood of higher interest rates in the months...
Latest Rent Payment Tracker finds payments slightly behind last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.9 percent of apartment households made a full or partial rent payment by August 13 in its survey of 11.4 million units of professionally...
FHA expands real-estate owned property purchase opportunities for owner-occupant buyers
The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and...
