Real estate investors look ahead
Realty Mogul recently polled nearly 1,000 real estate investors to assess their plans for the year ahead in light of the changes resulting from the pandemic and from the change in administrations in Washington. Where...
Housing Supply and Affordability Act introduced in US Senate
Senator Amy Klobuchar (D-Minn.) introduced a bill March 23 that would provide funding to support the development and implementation of local plans to increase the supply of housing. This bill is designated SB902. It...
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...
GSEs increase share of multifamily mortgage debt again in Q4 2020
A Mortgage Bankers Association (MBA) report on multifamily and other commercial mortgage debt shows that the GSEs accounted for 96 percent of the increase in multifamily mortgage debt outstanding in Q4. Unlike the MBA report...
Market-driven solutions will keep homes resilient and affordable
The National Association of Home Builders (NAHB) urged Congress to factor in housing affordability when seeking solutions to build more resilient communities that can withstand and recover from natural disasters. Testifying before the House Transportation and Infrastructure...
Multifamily housing permit levels remain high in February
The Census Bureau released its monthly new residential construction report for February 2021. It reported that permits were strong, starts were moderate and completions were weak compared to the recent history of multifamily housing...
Rents continue upturn in February
The latest rent reports from Yardi Matrix and Apartment List show positive rent growth for the country as-a-whole in February. Rents rise in February Yardi Matrix reported that the national average apartment rent rose 0.2 percent...
Fannie Mae introduces sponsor-initiated affordability incentives for multifamily borrowers
Fannie Mae announced that it is offering Sponsor-Initiated Affordability (SIA) incentives for multifamily borrowers through its network of Delegated Underwriting and Servicing (DUS) lenders to lead the market in addressing the nation's shortage of...
Construction materials price rises spread in February
The Bureau of Labor Statistics (BLS) released its producer price index report for February 2021. It showed that the BLS price index of materials and components for construction was up 1.4 percent in the...
NAHB forms diversity, equity and inclusion task force
The National Association of Home Builders (NAHB) announced it has formed a Diversity, Equity and Inclusion (DEI) Task Force. The task force as created to review and establish best practices for developing and sustaining policies designed to...
Multifamily absorption surprisingly strong in 2020, says Yardi Matrix
Despite a disruptive pandemic, investor demand for multifamily real estate was strong in 2020, according to a newly released Yardi Matrix Bulletin. Around 252,000 apartment units were absorbed last year. That's about 1.7 percent of...
Rent delinquencies down in latest Pulse Survey
The latest version of the Census Bureau’s Pulse Survey shows that the portion of renters who are current on their rent payments is up since we last reported on the survey results. What is the...
Jobs market growth stalls
The Employment Situation Report for February from the Bureau of Labor Statistics (BLS) shows little change in employment in jobs categories of interest to builders and operators of multifamily housing. Total employment The BLS reported that...
Victory: Court sets aside the CDC’s ban on evictions
A federal judge ruled that the Centers for Disease Control and Prevention overstepped its authority in issuing a nationwide eviction ban. The ruling is a victory for a group of Ohio landlords and the...
MF industry responds to Congresswoman Marcia Fudge’s confirmation as HUD Secretary
Marcia L. Fudge was officially sworn in as the eighteenth Secretary of Housing and Urban Development. Secretary Fudge took the oath the evening of March 10 after the Senate voted to confirm her. As Secretary...
