Multifamily property values rise, but not uniformly
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continued to increase through the end of 2020, despite the pandemic. Defining the indices The CoStar report focuses on a relative...
Census reports on vacancies
The latest Census Bureau report on housing vacancies shows that the rental housing vacancy rate in Q4 2020 was 6.5 percent, only 0.1 percent higher than the year-earlier rate. Big picture view The Census Bureau report...
California extends eviction moratorium
California Governor Newsom has signed into law Senate Bill 91 (SB-91), which extends the state’s eviction moratorium to June 30, 2021. The bill also creates the State Rental Assistance Program which will use funds...
Nation’s home builders elect leadership for 2021
Members of the National Association of Home Builders (NAHB) elected four senior officers to top leadership positions within the federation at the conclusion of this week's NAHB Winter Leadership Meetings. With more than 700 affiliated state and...
January apartment market conditions show mixed results
Apartment market conditions showed mixed results in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for January 2021, as the industry continues to grapple with the ongoing COVID-19 pandemic. While the...
HUD nominee Marcia Fudge to push for rental assistance, affordable housing amid coronavirus crisis
If confirmed as secretary of housing and urban development, Rep. Marcia L. Fudge (D-Ohio) will confront the immediate challenge of keeping millions of Americans from losing their homes amid the coronavirus pandemic, while also...
Rent delinquencies continue to grow in January
The latest version of the Census Bureau’s Pulse Survey once again shows that an increasing portion of renters are falling behind on their rent payments. Taking our pulse The Pulse Survey is an experimental program that...
NAHB names Global Innovation Awards finalists
The National Association of Home Builders (NAHB) has announced the finalists for the 2020 Global Innovation Awards. The awards recognize the most advanced, cutting-edge and original products, services and homes from the United States and around the...
2021 likely another mixed performance year for multifamily, says Yardi Matrix
After a year ravaged by disease, division, job losses and economic hardship, expectations for the multifamily industry in 2021 are the subject of a new Yardi Matrix outlook. “While there does appear to be light...
Another mixed report on multifamily housing construction in December
The Census Bureau released its new residential construction report for December 2020. It is the inverse of last month's report with a drop this month in multifamily housing construction permits and starts but a...
Remodeling industry confidence is strong despite COVID-19
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) for the fourth quarter of 2020, posting a reading of 79. The finding is a signal of residential remodelers' strong confidence in their markets,...
Housing starts end 2020 strong; Risks ahead
While housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production. Led by a solid, double-digit gain in single-family starts, overall housing starts increased 5.8 percent...
MF industry associations respond to President Biden’s extension of the Eviction Moratorium
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) appreciate President Biden’s prompt and well-intended action to address the ongoing financial struggle of our nation’s 40 million renters. However, NMHC and NAA...
Builder confidence down on rising material prices, upsurge in COVID-19 cases
Rising material costs led by a huge upsurge in lumber prices along with a resurgence of the coronavirus across much of the nation pushed builder confidence in the market for newly built single-family homes down three points...
Fannie Mae Multifamily has completed $1.5 billion of LIHTC investments since 2018
Fannie Mae announced that since its return to the Low-Income Housing Tax Credit equity (LIHTC) market in 2018, it has provided $1.5 billion of equity investments to support the creation and preservation of 576...