Wednesday, May 15, 2024

Apartment watch

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

NMHC expands, strengthens its commitment to diversity, equity and inclusion in the multifamily industry

The National Multifamily Housing Council (NMHC) announced new programs and resources dedicated to building on NMHC’s work for the past decade promoting diversity, equity and inclusion as a multifamily business imperative key to innovation...

International investment in multifamily property falls during 2020

A new report from CBRE found that both the absolute dollar value of foreign investment in multifamily properties as well as foreign investment’s share of total investment fell during 2020. Sizing up the deals The CBRE...

Torrid rent growth pace slows slightly in October

The latest rent report from Apartment List shows that rent growth is still at a high, if decelerating, pace. Nationally, rents were up 0.8 percent for the month and nearly 16 percent for the...

Housing affordability will remain a significant challenge in 2022

Low existing home inventory and strong buyer demand will keep housing moving forward in 2022 even as builders continue to grapple with ongoing building material production bottlenecks and labor shortages that will limit the pace of construction...

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)...
commercial property weather insurance market

Weather insurance rates on the rise

Yardi Matrix has released a research bulletin describing changes coming to the weather damage insurance market, and to insurance rates, for commercial property in response to recent storms. Where the damages are The report notes that...
Cal

Student housing struggles

Yardi Matrix has released the first in a planned series of quarterly reports covering the purpose-built student housing market. The report describes an industry finding its footing after COVID. Defining the focus Just as the Yardi...
hud nspire

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...

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...

Rent Payment Tracker: Payments down slightly from last November

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 78.2 percent of apartment households made a full or partial rent payment by November 6 in its survey of 11.8 million units of professionally...
multifamily permit

Multifamily housing unit completions lower in January

The Census Bureau’s new residential construction report for January showed high levels of multifamily permit issuance and unit starts, but completions continue to lag. Multifamily housing permits remain at high level The number of permits issued...
residential construction spending

Single-family drives residential construction spending higher

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in February was up 1.1 percent from the revised level of the month before. Residential construction spending...
real estate prices

CoStar reports multifamily property prices higher

CoStar reported that its value-weighted index of multifamily property prices increased 21.6 percent, year-over-year, in May 2022. This index was up 1.4 percent month-over-month. The combined value-weighted index of non-multifamily commercial property rose by 7.6...

Make Room celebrates passage of landmark Omnibus Spending Bill

Make Room’s president and CEO Ali Solis is thrilled with the passage of the Omnibus FY 2018 funding bill after making huge strides in advocating for expanding resources to make homes more affordable alongside...

HUD and Census Bureau report residential construction activity in March 2018

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for March 2018. Building Permits:  Privately owned housing units authorized by building permits...
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