Thursday, March 28, 2024

Apartment watch

Things to watch, what to know, in your apartment operation

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...

Ginnie Mae November MBS volume sustains recent pace with more than $76 billion of...

Ginnie Mae mortgage-backed securities (MBS) continue to be a strong source of capital for America's homeowners, with more than $76.2 billion of securities issued in November, the fifth consecutive month issuance topped $70 billion....

HUD awards $54.7 million in grants to expand rental development for low-income persons with...

The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental...

Suburban shift for home construction continues into third quarter

A trend of higher demand for housing in lower-density areas reported in the second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) has persisted into the fall, as single-family and multifamily construction continued...

Why housing demand will likely stay high for years to come

Low rates of household formation since the Great Recession have caused 5.7 million "missing" households, a new Zillow analysis finds. These missing households represent people who historically would have moved into their own home but...

NMHC and One11 Advisors release apartment industry technology benchmarking report

In a first-of-its-kind multifamily sector survey specifically examining technology, the NMHC/One11 Advisors Apartment Industry Technology Benchmarking Report is designed to establish an industry-wide baseline understanding of how apartment companies are supporting technology and innovation...

NAHB Chairman responds to reduction of lumber tariffs

Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Florida, issued the following statement after the Commerce Department lowered duties on Canadian lumber shipments into...

Multifamily construction sentiment showed improvement in third quarter

Confidence in the market for new multifamily housing increased in the third quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices....

Slowdown ahead for multifamily housing construction?

The Census Bureau released its monthly new residential construction report for October 2020. It shows continuing weakness for multifamily housing construction permits and starts but a high pace for completions of multifamily housing units. Multifamily...

Looking ahead to 2021

Both CBRE and Yardi Martix have recently issued reports which discussed the prospects for the multifamily housing market in 2021. This article describes some of the key take-aways from those reports. The long view Both reports...
lumber prices

Construction materials prices up despite lumber price drop

The Bureau of Labor Statistics (BLS) released its producer price index report for October 2020. It showed that the BLS index of construction materials prices was up 0.2 percent from September, seasonally adjusted. It...

Multifamily outlook update for Fall 2020

Yardi Matrix recently presented their Fall 2020 Multifamily National Outlook webinar. It was a wide-ranging discussion of economic, medical, and cultural trends affecting multifamily housing. Jeff Adler, Vice President of Yardi Matrix was the...

NAA names 2020 Best Places to Work award winners

The National Apartment Association (NAA) has announced the winners of the 2020 NAA Best Places to Work award program, which identifies member organizations that encourage employee engagement and performance and foster collaborative and innovative...

Seniors housing sector begins to overcome COVID-19 challenges, CBRE survey finds

While senior housing will continue to be impacted over the near term as a result of the COVID-19 pandemic, investors believe the sector has turned the corner from 2020’s significant challenges, according to the...

Jobs coming back – slowly

Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for October and the Job Openings and Labor Turnover (JOLT) report for September....
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