Job openings much lower in July
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in July was 8.83 million, down 338,000 openings month-over-month. In addition, last...
Fed signals higher interest rates ahead
The Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. However, the Federal Reserve’s updated forecasts for key economic metrics indicated that higher interest rates may be coming...
NMHC/NAA Testify Before Congress on Behalf of Apartment Industry
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on today’s Congressional testimony before the Housing and Insurance Subcommittee by Sue Ansel, President and Chief Executive Officer, Gables Residential and...
Higher rent increases seen in latest Pulse Survey
The “Week 60” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are reporting that their rent increased in the last 12 months has been rising. The most common...
Insurance costs lead operating expenses higher
A new report from Yardi Matrix documents the rapid rise in operating expenses for multifamily properties over the past year and identifies the factors driving this rise.
The broad view
Nationally, Yardi Matrix found that average...
Apartment List reports on apartment vacancy rates
In its inaugural report on apartment vacancy rates, Apartment List states that the national average rate rose to 4.95 percent in May. This is up 0.6 percent from the year-earlier value and up 0.9 percent...
Rents fall again in October
The latest rent report from Apartment List shows that the national average rent growth in October remained negative for the second consecutive month. Rents fell 0.8 percent month-over-month, although year-over-year rent growth remained positive,...
HUD to drastically cut notice for inspections of public housing and privately owned apartment...
The U.S. Department of Housing and Urban Development (HUD) today announced it is dramatically reducing the advance notice it provides to public housing authorities (PHAs) and private owners of HUD-subsidized apartment developments before their...
Industry response to White House fee announcement
NMHC:
NMHC members believe that transparency in the cost of rental housing is positive for renters and housing providers alike. While we support the voluntary initiatives included in the White House’s announcement today, we strongly...
Rent delinquencies down slightly in Pulse Survey
The “Week 52” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments fell slightly to 13.3 percent, down from the 13.7 percent reported...
HUD Secretary Ben Carson to visit Pathways to Housing PA
On Wednesday, U.S. Department of Housing and Urban Development Secretary Ben Carson will visit Pathways to Housing PA, a HUD supported organization that transforms individual lives by housing the homeless and supporting drug recovery...
Housing affordability will remain a significant challenge in 2022
Low existing home inventory and strong buyer demand will keep housing moving forward in 2022 even as builders continue to grapple with ongoing building material production bottlenecks and labor shortages that will limit the pace of construction...
Job openings remain high in April
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in April from the record high hit last month, but remained...
Rent Payment Tracker finds rent payment rate at 95 percent of prior month
The National Multifamily Housing Council (NMHC) found that 89 percent of apartment households made a full or partial rent payment by April 19 in its survey of 11.5 million units of professionally managed apartment units across the country,...
Rent Payment Tracker: payments still down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.1 percent of apartment households made a full or partial rent payment by September 20 in its survey of 11.4 million units of professionally...
