Multifamily CMBS delinquency rate holds steady in August
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans was effectively unchanged in August, moving up 1 basis point. The delinquency rate for the overall CMBS market fell for the first...
Unconstitutional tenant relocation scheme hurts families, housing
When the Air Force assigned Lyndsey and Sharon Ballinger to Washington, D.C., in 2015, the Ballingers kept their Oakland, California, house and rented it out on a month-to-month lease so they could move back....
Commerce Secretary pledges full support of Biden administration to resolve lumber issue
Commerce Secretary Gina Raimondo today during a meeting with the National Association of Home Builders' (NAHB) senior officer team acknowledged the depth of the lumber price crisis and its effects on the residential construction industry, home buyers...
Multifamily construction spending up from last month’s report
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in September was down 0.2 percent from the upwardly revised level of the month before. Spending...
Construction materials prices unchanged in August
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged month-over-month in August on a seasonally adjusted basis. The index of components and materials...
Class A apartments in high-supply markets outpace Class B on year-over-year rent growth
Although it might defy conventional wisdom, Class A apartments in high-supply markets are outperforming upper tier Class B assets on year-over-year rent growth, according to RealPage Analytics. New apartment supply is at...
NMHC/NAA statement on the FCC’s new multifamily broadband rule
Statement from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) on the FCC’s Report and Order and Declaratory Ruling in the matter of Improving Competitive Broadband Access to Multiple Tenant...
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...
Construction materials prices continue to climb in January
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.3 percent month-over-month in January on a seasonally adjusted basis. The index of components...
Remodeling demand remained strong in 2021 despite supply chain problems
The remodeling industry saw strong demand throughout 2021 despite supply chain problems and rising costs, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers at the NAHB International Builders'...
The all-new HUD.gov
HUD Public Affairs launch their newly redesigned website, HUD.gov. The site has been extensively redesigned with the goal of improving the site's usability. Changes were made to the site's menus to improve the ease...
Partial recovery in multifamily construction starts in September
The Census Bureau’s new residential construction report for September stated that the number of multifamily construction starts and unit completions were up from the levels reported last month. However, the number of multifamily permits...
Housing starts reach post-recession high in May as permits soften
Total housing starts rose 5 percent in May to a seasonally adjusted annual rate of 1.35 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This...
Housing affordability holds steady but supply-side challenges persist
Housing affordability held steady at its lowest level in nearly a decade, as higher home prices offset lower mortgage rates to keep the affordability rate flat in the third quarter of 2021. However, ongoing supply-chain disruptions and...
Industry associations respond to CDC’s Rental Eviction Moratorium
The Centers for Disease Control and Prevention implemented a temporary eviction moratorium through the end of the year, protecting U.S. renters from losing their homes during the COVID-19 pandemic, the Trump administration announced September...
