Construction delays are ongoing as most costs continue to rise
This month's NMHC Construction Survey found that 90 percent of respondents reported construction delays, with 78 percent of this group reporting delays in permitting and 86 percent experiencing start delays. Notably, an increasing share...
CoStar reports rising multifamily property values
CoStar recently released its quarterly report on the change in values of commercial property in the United States. It reported that multifamily property values rose nearly 12 percent over the last 12 months, leading...
Developers expect further decline in apartment starts, survey suggests
Apartment developers expect a further decline in apartment starts over the next 12 months, after already falling more than 40 percent this year, suggests a chart from John Burns Research. The chart is based...
NAA analysis finds U.S. households spend 27 percent of income on rent
The National Apartment Association (NAA) has released new research analyzing rent-to-income percentages, which are based on professionally managed residential lease applications screened by TransUnion’s ResidentScreening platform. As the nation continues to grapple with housing...
Job openings remain at high level in May
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for May. Although last month’s report set a series record for the highest number of job opening, job...
Recovery in senior housing continues in Q2
An NIC Map Vision brief on the state of the senior housing industry reports that its fundamentals are slowly improving after the loss in occupancy the industry experienced during the pandemic.
Market or markets?
The senior...
The good and bad of June multifamily property price changes
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in June were unchanged from their level of the month before but down 11.7 percent from their level...
New requirements for green mortgage insurance premium compliance reporting
The Department of Housing and Urban Development (HUD) has announced revised compliance reporting requirements for participants in its green mortgage insurance premium program. This program was established in 2016 to provide reduced mortgage insurance...
New NMHC construction survey finds record impact on availability of construction labor
A record 93 percent of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the eighth edition of the National Multifamily Housing Council (NMHC) Construction Survey.
Of this group, 83...
Construction materials prices higher in October
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.2 percent month-over-month in October on a seasonally adjusted basis. In addition, last month’s...
MSCI: Multifamily property price drop accelerates
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in October were down 1.0 percent from their level of the month before and down 12.6 percent from...
Multifamily drop pushes total housing starts down as single-family makes gains
A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of...
Statement from NAHB Chairman Chuck Fowke on President Biden’s infrastructure plan
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement on President Biden's infrastructure proposal:
"NAHB commends President Biden for proposing a much-needed...
Multifamily property prices down again in May
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in May fell 0.9 percent from their level of the month before and fell 12.5 percent from their...
Builder sentiment strong at year’s end
Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Builder sentiment in the market for newly built single-family homes moved one point higher...
