Regulations account for nearly one-third of multifamily costs, builders tell Congress
Layers of excessive regulation translate into higher rents, reduced affordability for consumers and on average, account for almost one-third of a multifamily project's development and building costs, the National Association of Home Builders (NAHB) told Congress today.
Testifying...
Rents continue to decline in May
Yardi Matrix released its May 2020 report on the multifamily rental housing market. The report shows that the COVID-19 induced softness in the market is continuing.
Rent growth drops
While the usual annual pattern is for...
Ginnie Mae closes 2020 with December MBS volume at record $81.7 billion
In December, Ginnie Mae mortgage-backed securities (MBS) issuance surged to above $81.7 billion, financing housing for more than 289,000 households. December was the sixth consecutive month that MBS issuance exceeded $70 billion.
A record 57...
Single-family and multifamily growth solid but trended in opposite directions in last half of...
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family growth in all small and large metro urban, suburban and rural regional...
Job openings rebound in July
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings rose in July from last month’s level. This is on top of...
Multifamily housing construction activity falls slightly in October
The Census Bureau’s new residential construction report for October recorded slight declines in multifamily housing construction permits, starts and completions. However, none of the declines was more than 5 percent from the levels of...
Builder confidence uptick signals turning point for housing lies ahead
A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction...
SFR home market continues to feel effects of housing constraints
Ongoing supply constraints in America’s housing market continued to drive demand for single-family rental homes in the third quarter of 2020. Fueled by growing numbers of individuals and families transitioning away from urban residential...
Multifamily jobs markets mixed in August
The latest Employment Situation Report from the Bureau of Labor Statistics stated that residential construction jobs were up but apartment operations jobs were down.
Total employment grows slowly for the month
The BLS reported that the US...
Building the future
Inspiring the next generation to continue the work of supplying the nation with housing is central to the long term health of the home building industry. One step that the National Association of Home...
Tracking excess savings
A report from Oxford Economics assesses the current state of the excess savings accumulated by American consumers during the pandemic. Access to these savings is helping to support current consumer spending, including on housing.
Legacy...
Next week’s interest-rate decision: How could the Federal Reserve act—and why?
Dwight Johnston, chief economist for the California Credit Union League, made the following comments on next week’s Federal Reserve announcement of short-term monetary policy decisions (interest rates) through its Federal Open Market Committee (FOMC)...
NAA celebrates National Apartment Housing Month
The National Apartment Association is celebrating National Apartment Housing Month this April as well as Residential Property Management (RPM) Careers Month.
Join NAA, its members, affiliates and supplier partners across the country as we celebrate...
The Home Depot Foundation partners with Home Builders Institute to expand trades training program...
As part of its effort to fill the growing skilled labor gap in the United States, The Home Depot Foundation announced it is partnering with the Home Builders Institute (HBI) to launch a youth...
Study shows April rent payments delayed
A study by the National Multifamily Housing Council (NMHC) using data provided by 5 leading property management software (PMS) providers found a 12-percentage point decrease in the share of apartment households that paid April...
