The Grand at SkyView Parc offers exclusive in-house spa services
The Grand at SkyView Parc, located in Flushing, Queens, offers a unique amenity that is uncommon among developments. Residents have exclusive access to The Grand Club, an onsite health and wellness escape offering full-service...
Property professionals see former retail premises as biggest untapped resource for new residential housing...
Two-thirds (66 percent) of property professionals in the UK believe former retail premises could be the biggest untapped resource for new residential development, according to a survey by MRI Software, a global leader in...
Rent delinquencies continue to fall in May Pulse survey
The week 29 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are current on their rent payments is up since we last reported on the survey results.
What is...
Census reports on rental vacancy rates
The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate fell from 6.9 percent in Q2 2019 to 6.3 percent in Q2 2021. The...
Multifamily property prices up despite sales slowdown
CoStar reported that its value-weighted index of multifamily property prices increased 22.9 percent, year-over-year, in June 2022. This index was up 1.4 percent month-over-month. The year-over-year increase is down from that seen in May,...
Federal government reaches historic agreement with New York city housing authority to improve health...
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a historic agreement with the nation’s largest public housing authority to correct dangerous lead-based paint and other health and safety hazards. HUD, the...
NAHB: Multifamily housing construction will decline in 2024
Multifamily housing starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will hold steady this year.
Multifamily starts totaled...
Construction materials price rises outpace CPI in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2022. It stated that construction materials prices were up 0.8 percent in the month, seasonally adjusted. The index was 21.2...
Housing affordability holds steady but supply-side challenges persist
Housing affordability held steady at its lowest level in nearly a decade, as higher home prices offset lower mortgage rates to keep the affordability rate flat in the third quarter of 2021. However, ongoing supply-chain disruptions and...
Investor home purchases rise for first time in a year as U.S. economy bounces...
U.S. home purchases by investors rose 2.7 percent year over year in the first quarter, marking the first period of growth since the coronavirus pandemic began, according to a new report from Redfin, the...
Student housing struggles
Yardi Matrix has released the first in a planned series of quarterly reports covering the purpose-built student housing market. The report describes an industry finding its footing after COVID.
Defining the focus
Just as the Yardi...
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...
Supply chain issues continue to slow housing
With builders continuing to report supply chain problems that are causing construction delays, overall housing starts decreased 4.1 percent to a seasonally adjusted annual rate of 1.64 million units, according to a report from the U.S. Department...
Construction materials prices unchanged in August
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged month-over-month in August on a seasonally adjusted basis. The index of components and materials...
Rising rent control leading to falling development and investment
An increasing number of jurisdictions recently have imposed rent control or are seriously considering doing so, leading many market participants to reconsider their investment decisions, according to the NMHC's Quarterly Survey of Apartment Market...
