Rent payment tracker: payments down
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.4 percent of apartment households made a full or partial rent payment by September 6 in its survey of 11.4 million units of professionally...
Payroll tax holiday begins Sept. 1
At the beginning of August, President Trump issued an executive order deferring certain payroll tax obligations. This was done in response to Congress refusing to include any type of payroll tax cut in its...
New housing laws coming to California
The 2020 legislative session in California saw the consideration of at least 9 significant bills intended to address the state’s housing deficit. When the session ended at midnight on August 31, only two of...
Multifamily property values outperform since COVID
A pair of recent reports, one from CoStar and another from Real Capital Analytics (RCA), track the changes in values of commercial property in the United States. This article looks at the parts of...
Industry associations respond to CDC’s Rental Eviction Moratorium
The Centers for Disease Control and Prevention implemented a temporary eviction moratorium through the end of the year, protecting U.S. renters from losing their homes during the COVID-19 pandemic, the Trump administration announced September...
A suburban shift for home building
Evidence of a suburban shift for consumer home buying preferences as a result of the COVID-19 pandemic can be found in the second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI). "The increasing demand...
Rent growth turns positive in August
Apartment List is out with their rent report for August 2020. It shows a slight uptick in rents nationally but with wide local variations. The big picture A summary of Apartment List’s data on rent changes...
How many housing units does California need by 2025?
A McKinsey study estimated California’s housing shortfall at 3.5 million units by 2025. Providing these units has been the stated goal of Governor Newsom and of the California State Legislature. A study by the...
Urban housing markets forecast to recover
Moody’s Investor Services recently released a report discussing the future of urban areas, and particularly of urban housing, in the wake of the COVID-19 pandemic. Why cities? The report acknowledges the many uncertainties that surround how...
Multifamily builder and developer confidence improved in second quarter
Confidence in the market for new multifamily housing increased in the second quarter, however, it still remains in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders...
COVID impacts relocation plans
The COVID-19 pandemic and the changes it has caused in our lives are bound to have an impact on where people choose to live. A variety of sources have attempted to measure the impact...
Multifamily mortgage originations fall in Q2
A Mortgage Bankers Association (MBA) report on mortgage originations shows that, while multifamily mortgage originations fell in the latest quarter, they held up better than did originations for other commercial property types. Setting a baseline The...
Multifamily housing construction rebounds in July
The Census Bureau released its monthly new residential construction report for July 2020. It shows a strong rebound in multifamily housing construction. Permits up strongly The number of permits issued for buildings with 5 or more...
Latest Rent Payment Tracker finds payments slightly behind last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.9 percent of apartment households made a full or partial rent payment by August 13 in its survey of 11.4 million units of professionally...
Jobs coming back, but slowly
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for June. It shows that the jobs market is continuing to recover from the COVID-19 induced shutdowns, but...
