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,...
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...
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...
HUD awards $18 million to clean up dangerous lead in public housing
In an effort to identify and eliminate lead-based paint hazards in public housing, the U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $18 million to 20 public housing agencies...
NMHC 50 recognizes industry’s top firms
The National Multifamily Housing Council (NMHC) released their 2024 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
Ginnie Mae MBS portfolio growth surpasses $2.2 trillion
Ginnie Mae guaranteed more than $49 billion in mortgage-backed securities (MBS) in May 2022, helping support affordable homeownership and rental unit development for more than 170,000 households. The May issuance takes the overall outstanding...
HUD awards $1.5 billion to support seven states in their recovery from 2018 disasters
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1.5 billion to support seven states in their recovery from major disasters that occurred last year, including Hurricane Michael, Hurricane Florence and...
Weather predictions and utility expenses
I know that everyone loves a good groundhog prediction. I mean, what is not to love about a large burrowing rodent telling you what the weather will be (with greater accuracy than the Farmer’s...
CMBS delinquencies fall as large loan cures
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in November, falling 18 basis point. The delinquency rate for the overall market also fell as a large industrial loan...
Looming multifamily oversupply expected to be short-lived
While the delivery of a near-record 716,000 new multifamily housing units in the U.S. over the next two years will create a short-term oversupply, the new supply is needed to keep long-term fundamentals healthy...
Greystar announces $2 billion final close for 10th U.S. Multifamily Value-Add Real Estate Fund
Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development and management of high-quality rental housing properties, announced, on behalf of its affiliates, the final close of Greystar Equity Partners X...
MSCI: Multifamily property prices up in July
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in July were up 0.1 percent from their level of the month before but still down 12.2 percent...
Rep. Loudermilk reintroduces legislation to return eviction laws to the states
Following Rep. Loudermilk’s (R-GA) reintroduction of the Respect State Housing Laws Act, NMHC joined NAA, IREM and NARPM in signing onto a press statement released by his office.
Rep. Barry Loudermilk (R-GA) issued the following...
2021 likely another mixed performance year for multifamily, says Yardi Matrix
After a year ravaged by disease, division, job losses and economic hardship, expectations for the multifamily industry in 2021 are the subject of a new Yardi Matrix outlook.
“While there does appear to be light...
More than 600 builders urge Congress to take action to ease the housing affordability...
More than 600 builders from across the nation trekked to Capitol Hill for the National Association of Home Builders (NAHB) 2022 Legislative Conference to spotlight the growing housing affordability crisis that threatens to derail...
