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...
Will COVID send growth to the suburbs?
A report from Marcus and Millichap focuses on the question of whether future growth will be concentrated around central business districts (CBDs) or whether it will move to the suburbs. It considers both factors...
Granny flats, garage apartments, in-law suites gaining in popularity
According to a new Freddie Mac national study, the growth of accessory dwelling units (ADUs) in the United States has been dramatic, particularly in high-cost areas seeing significant population growth. Freddie Mac’s research, the first-of-its-kind on...
Assessing the apartment market, summer 2020
RealPage recently presented their US Summer Apartment Market Outlook webcast. Greg Willett, chief economist, and Ada Couch, market analyst at RealPage conducted the presentation. They covered both the current state of the market as...
NMHC Rent Payment Tracker finds 87.6 percent of apartment households paid rent as of...
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 87.6 percent of apartment households made a full or partial rent payment by July 13 in its survey of 11.4 million units of professionally...
Construction material prices rise on higher lumber prices
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2020. It showed that overall prices for processed goods for intermediate demand rose by 0.9 percent. A 7.2 percent jump...
LEED homes awards announced
The U.S. Green Building Council (USGBC) announced the recipients of the annual LEED Homes Awards. The awards recognize LEED-certified residential projects that are positively impacting communities through sustainable, healthy and resilient design, as well...
The jobs market rebound begins
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for May. It shows how the jobs market is responding to the economy being reopened after the COVID-19...
Remember Prop 10? Meet Prop 21
The California Secretary of State has designated the state’s latest rent control initiative as Proposition 21. Also known as the Rental Affordability Act, it will appear on the November General Election ballot. The measure...
Rent payments down slightly in July
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.4 percent of apartment households made a full or partial rent payment by July 6 in its survey of 11.4 million units of professionally...
