Rent Payment Tracker: Payments down 7.8% from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 75.4 percent of apartment households made a full or partial rent payment by December 6 in its survey of 11.5 million units of professionally...
Three-bedroom units lose some luster as occupancy returns to pre-pandemic norms
The multifamily arena is finally returning to pre-pandemic norms and so are renter preferences for unit types. Three-bedroom units, which saw the greatest increases in occupancy during COVID, have settled back to...
HUD and US Virgin Islands sign $243 million disaster recovery grant agreement
U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Pamela Hughes Patenaude and the U.S. Virgin Island's Governor Kenneth Mapp today announced the formal execution of a $243 million grant agreement to help...
NAHB safety handbook primes builders on newly-released OSHA regulations
In the residential construction industry, a safe work environment and well-written, up-to-date program isn't optional, it's legally essential. Not only does it keep employees healthy and safe, but it can stave off huge losses including everything from...
Suburban shift eases in the third quarter
The suburban shift for single-family home buying precipitated in large part by the onset of the COVID-19 pandemic last year continues but new data reveals that higher density markets are making a comeback as well. In contrast,...
Tighter lending standards and multifamily lending
A recent report from Berkadia examines whether the widely reported recent tightening in lending standards by banks has significantly impacted the banks’ lending on commercial real estate. It concludes that, in the case of...
HUD and Puerto Rico ink $1.5 billion disaster recovery grant agreement
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico...
HUD charges two Ohio companies with discriminating against residents with disabilities
The U.S. Department of Housing and Urban Development (HUD) announced today that it has charged two Ohio corporations, Epcon Communities, Inc., and Epcon Communities Franchising, Inc. (Epcon), with housing discrimination for failing to design...
Real estate industry strongly opposes the CDC imposing a new federal eviction moratorium
A broad real estate coalition strongly opposes the Centers for Disease Control (CDC) decision to reimpose a federal eviction moratorium. This move takes place despite the fact that the Administration itself noted it lacks...
Housing starts end 2020 strong; Risks ahead
While housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production. Led by a solid, double-digit gain in single-family starts, overall housing starts increased 5.8 percent...
Residential construction spending continues rise in December
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in December was up 1.1 percent from the revised level of the month before. Residential construction spending...
RealPage compares markets by strength of lease-up absorption
Comparing markets by strength of apartment lease-up absorption sheds light on market-adjusted demand.
Jay Parsons, RealPage SFV and chief economist, warned earlier this year that the glut of new apartment deliveries could result...
Real estate industry collaborates to fill talent pipeline
Twenty-nine real estate industry organizations, representing more than 10 million jobs, announced a ground-breaking collaboration to highlight the diverse career paths within the real estate sector.
The first initiative of this collaboration is a new...
Multifamily distress logs largest increase in 18 months
The multifamily distress anticipated last year is finally starting to materialize. Although multifamily loan defaults remain relatively low, the multifamily distress rate rose as lenders push maturities forward, wrote Yardi Matrix in...
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,...
