July apartment market conditions show improvement; construction labor reported as both more expensive and...
Apartment market conditions improved across three of the four indexes measured by the July National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. The Sales Volume (55), Equity Financing (56) and Debt...
HUD approves $5 billion Texas disaster recovery plan
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced he is approving a disaster recovery plan to help Texans recover from Hurricane Harvey. In November, HUD Deputy Secretary Pamela Hughes...
Market-driven solutions will keep homes resilient and affordable
The National Association of Home Builders (NAHB) urged Congress to factor in housing affordability when seeking solutions to build more resilient communities that can withstand and recover from natural disasters.
Testifying before the House Transportation and Infrastructure...
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...
Yardi Matrix reports rent growth turns negative in September
Yardi Matrix reported that national average apartment rents fell $6 in September, compared to the revised rent level of the month before. The average rent fell to $1,722 per month. The national average asking apartment...
Rent reform, AFFH, supply and housing vouchers
HUD Secretary Ben Carson, NMHC Fall Meeting Washington, DC ~ September 14, 2018
Introduction
Thank you, Sue, for the kind introduction. I am delighted to join you for your fall Council Meeting.
The National Multifamily Housing Council...
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...
The Skilled Labor Fund announces contribution for training
The Skilled Labor Fund, through the National Housing Endowment, the philanthropic arm of the National Association of Home Builders (NAHB), provided over $57,000 to address the shortage of skilled labor entering the residential construction market. The funding...
Housing affordability falls to lowest level since Great Recession
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.
According to the National...
Historic Chicago apartment development earns 2018 HUD secretary award
The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) today announced Chicago’s Rosenwald Courts Apartments, once home to boxer Joe Louis, and Olympian Jesse Owens, as...
55+ housing market shows continued strength in second quarter
Builder confidence in the single-family 55+ housing market continued to be in positive territory in the second quarter of 2018, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) which was released...
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...
The jobs market rebound begins
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for May. It shows how the jobs market is responding to the economy being reopened after the COVID-19...
2018’s fastest-growing cities in America
With the Census Bureau reporting that the South held 8 of the 15 cities with the largest population gains in 2017, the personal-finance website WalletHub released its report on 2018’s Fastest-Growing Cities in America...
HUD warns California landlords for failing to comply with lead safety regulations
The U.S. Department of Housing and Urban Development (HUD) today announced it issued notices of violation against the owners of eight HUD-assisted properties throughout California for violations of HUD’s lead safety rules and regulations.
These...
