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...
Rents continue winter decline
The latest rent report from Apartment List shows that the national median monthly rent growth in November was -0.9 percent. Year-over-year rent growth was -1.1 percent.
Apartment List reported the national median apartment rent to...
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...
CMBS delinquency and special servicing rates fall slightly
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in December, falling 7 basis points. Trepp also reported that the multifamily CMBS special servicing rate edged downward, falling 8...
Soaring supply flattens rents while demand normalizes
The balance of power in the apartment market has finally shifted, giving renters a lot more options, suggests a Q3 market report from RealPage Analytics. This shift is due to a deluge...
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...
NAHB supports Trump’s workforce development plan; pledges to train 50,000 new workers
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement in support of the White House executive order on workforce development:
"NAHB applauds President...
Rents fall for third straight month
The latest rent report from Apartment List shows that the national median monthly rent growth in October was -0.7 percent. Year-over-year rent growth was -1.2 percent.
Apartment List reported the national median apartment rent to...
Job openings rebound in September
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings rose in September from last month’s level. In addition, last month’s job...
Multifamily construction sentiment improves in third quarter, despite headwinds
Confidence in the market for new multifamily housing improved in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate...
