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...
Skyrocketing lumber prices add nearly $36,000 to new home prices
Soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872, according to new analysis by the National Association of Home Builders (NAHB)....
NRHC survey shows rental home property owners under stress
Results from a new nationwide survey of single-family rental home owners conducted by Seven Letter Insight on behalf of the National Rental Home Council (NRHC) reveal the extent of widespread economic challenges encountered over...
Report shows occupancy losses hit urban core
A recent study by Yardi Matrix examined occupancy results over the past 12 months from 78,000 properties representing 14.4 million units. It found that occupancy declines over the past year are severe in some...
March was a blowout month for multifamily housing construction
The Census Bureau released its monthly new residential construction report for March 2021. It reported that multifamily housing permits, starts and completions were all strong. Multifamily housing construction permits down but up The number of permits...
Builder confidence edges up as strong demand offsets supply-side challenges
Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest National...
April apartment market conditions show improvement
Apartment market conditions showed improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2021, as the industry begins to see signs of optimism. While the Sales Volume (77)...
NMHC identifies industry’s largest firms
The National Multifamily Housing Council (NMHC) released their 2021 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
NMHC President Doug Bibby postpones retirement
Doug Bibby, the veteran president of the National Multifamily Housing Council (NMHC), has announced that he will now retire at NMHC’s Annual Meeting in January of 2023. For more than twenty years, Bibby’s leadership has...
NAHB holds COVID-19 vaccine awareness week in construction April 19-23
The National Association of Home Builders (NAHB) and construction industry partners are organizing the COVID-19 Vaccine Awareness Week in Construction, April 19-23 to encourage construction professionals to do their part to help the country end the pandemic...
Construction materials prices jump again in March
The Bureau of Labor Statistics (BLS) released its Producer Price Index report for March 2021. It showed that construction materials prices were up 2.4 percent in the month, seasonally adjusted. The index of materials...
79.8 percent pay rent by April 6
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.8 percent of apartment households made a full or partial rent payment by April 6 in its survey of 11.6 million units of professionally...
HUD wants your input
The Department of Housing and Urban Development is planning to introduce new physical inspection standards for housing. They are seeking input from knowledgeable parties as part of the process of developing these standards. Multifamily...
JOLT report: more people left jobs in February
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for February. It shows that the labor market took a step back in that month. Looking at the churn The...
Yardi Matrix reports rents rose in March
The latest rent report from Yardi Matrix sets a positive tone for rent growth for the country as-a-whole in 2021, with most markets returning to rent gains. Rents rise again in March Yardi Matrix reported that...
