Two KTGY designs selected as 2019 NMHC Innovation Challenge Finalists
KTGY Architecture + Planning announced today that the National Multifamily Housing Council (NMHC) has named its five finalists for its 2019 Innovation Challenge competition with KTGY receiving two finalist honors for “Park House |...
Millennials leading the growth of new home buyers
As the housing industry celebrates New Homes Month in April, recent data from the Census Bureau confirms that millennials are increasingly entering the housing market as first-time buyers.
The homeownership rate of millennials--now at 36 percent--registered the largest...
Mixed employment picture in April
The Employment Situation Report from the Bureau of Labor Statistics stated that apartment operations employment fell slightly while residential construction employment rose overall in the latest month.
Total employment continues to grow
The Bureau of Labor...
Multifamily property prices see gains in Q1
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property prices rose in the year to March.
Defining the indices
The CoStar report focuses on a relative measure of property prices called...
GSEs remain dominant holder of multifamily mortgage debt in Q1 2021
A Mortgage Bankers Association (MBA) report on multifamily and commercial mortgage debt shows that the GSEs accounted for 80 percent of the increase in multifamily mortgage debt outstanding in Q1. While still high, this...
Industry association calls for cuts on lumber tariffs
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement following the U.S. Commerce Department's desire to double lumber tariffs on Canadian lumber shipments...
FHA extends foreclosure moratorium for Hurricane Maria victims
For the second time since Hurricane Maria devastated Puerto Rico and the U.S. Virgin Islands, the Federal Housing Administration (FHA) today announced that the agency is extending its 180-day foreclosure moratorium for FHA-insured homeowners...
New Construction Quarterly Survey highlights longer delays and rising costs
The new NMHC Construction Quarterly Survey found that a majority (89 percent) of respondents reported experiencing construction delays, and, of those experiencing overall delays, 85 percent reported delays in both starts and permitting.
Since almost...
Construction materials prices higher again in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2021. It showed that construction materials prices were up 2.1 percent in the month, seasonally adjusted. The construction materials price...
Rising mortgage rates and home prices put a damper on housing affordability
Rising home prices and interest rates coupled with elevated construction costs, low existing inventory and solid demand resulted in a significant decline in housing affordability during the second quarter of 2023.
According to the National...
Builder confidence slips two points as lumber prices soar
Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The decline was due in large part to sharply...
Maytag Commercial Laundry offers a look at new multi-load washer production line
As part of the 59th Maytag Commercial Laundry Meeting in Fall River, Massachusetts,150 people gathered today including Fall River Mayor Jasiel Correia; City Councilman Cliff Ponte; and Bristol County Chamber of Commerce Manager of Business...
Statement from NAHB Chairman Chuck Fowke on Sen. Capito’s Clean Water Act Legislation
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement on Sen. Shelley Moore Capito's (R-W.Va.) legislation to codify the 2020 Clean Water Act...
Apartment industry offers housing stability support for residents impacted by COVID-19
America’s renters and housing providers are facing unprecedented financial hardships due to the outbreak of COVID-19 and are struggling to meet their financial obligations.
As the financial distress from the outbreak of COVID-19 continues, the...
How COVID is impacting the multifamily business in California
IMN recently put on a webinar discussing the impact of the pandemic on the business of providing multifamily housing in California. The webinar set a very ambitious number of topics to be discussed, especially...
