How COVID is impacting the multifamily business in California
IMN recently put on a webinar discussing the impact of the pandemic on the business of providing multifamily housing in California. The webinar set a very ambitious number of topics to be discussed, especially...
Rents recover (somewhat) in July
Yardi Matrix released its July 2020 report on the multifamily housing market. The report shows some recovery in rents for the multifamily rental housing market nationally, but wide variations between metro areas exist. The rent...
93.3 percent of apartment households paid rent as of July 27
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 93.3 percent of apartment households made a full or partial rent payment by July 27 in its survey of 11.4 million units of professionally...
Rental housing law in Colorado
Nexus Commercial Realty recently presented a webinar outlining legislation being considered which affects multifamily housing. While the focus of the webinar was on legislation pending in Colorado, many of the issues being discussed there...
HEROES, HEALS and housing
The CARES act was passed to support the economy in the wake of the COVID-19 epidemic. Many of its provisions are now expiring and Congress is considering new legislation to continue to support the...
Letter from Sec. Carson: Removing red tape improves housing
Many federal regulations are like weeds growing in the Washington swamp. If left untended, the landscape becomes overgrown, preventing progress and innovation from taking root in our society. And just like pulling weeds in...
Apartment industry offers housing stability support for residents impacted by COVID-19
America’s renters and housing providers are facing unprecedented financial hardships due to the outbreak of COVID-19 and are struggling to meet their financial obligations. As the financial distress from the outbreak of COVID-19 continues, the...
Rents continued to decline in June
Yardi Matrix released its June 2020 report on the multifamily rental housing market. The report shows continuing softness in the market. The rent decline continues The nationwide average rent in June fell by $2 from its...
Evaluating the impact of COVID-19
The John Burns Real Estate Consulting New Homes Insights podcast recently interviewed Greg West, CEO of ZOM Living. The interview focused on the impact of COVID-19 on his business. This article summarizes key points...
Secretary Carson terminates 2015 AFFH Rule
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the Department will ultimately terminate the Obama Administration’s Affirmatively Furthering Fair Housing (AFFH) regulation issued in 2015, which proved to be...
NMHC Rent Payment Tracker finds 91.3 percent of apartment households paid rent as of...
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 91.3 percent of apartment households made a full or partial rent payment by July 20 in its survey of 11.1 million units of professionally...
Sponsored: How property managers can mitigate the impact of COVID-19
Many property managers are looking for ways to address the impact of the COVID-19 outbreak on the rental landscape. Beyond additional safety measures, there are a few ways you can help attract and maintain...
Multifamily housing construction recovering
The Census Bureau released its monthly new residential construction report for June 2020. It shows signs of life in multifamily housing construction. Permits decline The number of permits issued for buildings with 5 or more units...
MBA looks ahead
The Mortgage Bankers Association recently released its commercial real estate finance forecast. It projects a fall-off in commercial lending this year with a recovery starting next year. While the forecast is for commercial lending...
Multifamily developers report ongoing delays in permitting and starts due to COVID-19
More than half (57 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the fourth edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey. Of those...
