COVID’s impact on multifamily CRE loan credit risk
A report from Moody’s Analytics attempts to predict the impact of the fallout from the COVID-19 pandemic on the credit quality of commercial real estate (CRE) loan portfolios backed by multifamily and other property...
ULI talks housing
The Urban Land Institute (ULI) recently held their Virtual Fall Meeting. One of the many sessions presented there discussed the state of, and the prospects for, the housing industry. The presentation took the form...
California extends eviction moratorium
California Governor Newsom has signed into law Senate Bill 91 (SB-91), which extends the state’s eviction moratorium to June 30, 2021. The bill also creates the State Rental Assistance Program which will use funds...
Real estate industry calls for an end to nationwide eviction moratorium on June 30
A broad real estate coalition applauded the measures President Biden has taken to stabilize the housing sector and urged the administration to sunset the federal moratorium on evictions on June 30, 2021.
In a joint...
New research shows regulations account for 40.6 percent of apartment development costs
Regulation imposed by all levels of government accounts for an average of 40.6 percent of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the...
HUD awards record $28 billion to help hard-hit areas in nine states, Puerto Rico...
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $28 billion to support long-term disaster recovery in hard-hit areas in nine states, Puerto Rico and the U.S. Virgin Islands. These funds...
HUD announces winners of 2018 Healthy Homes Awards
The U.S. Department of Housing and Urban Development (HUD) and the National Environmental Health Association (NEHA) are pleased to announce the winners of the 2018 HUD Secretary’s Award for Healthy Homes, an award recognizing...
Builders warn Congress WOTUS rule will raise housing costs
Congress received a first-hand account of how the Biden administration’s new waters of the United States (WOTUS) rule is exacerbating the nation’s housing affordability crisis by making home building more inefficient and costly, while...
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...
Lack of resales provides boost to new home sales in April
Stabilizing mortgage rates and a lack of resale inventory provided a boost for new home sales in April, even as builders continue to wrestle with rising costs stemming from shortages of transformers and other...
Jobs coming back – slowly
Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for October and the Job Openings and Labor Turnover (JOLT) report for September....
CDC extends eviction moratorium
Dr. Rochelle Walensky, the Director of the Centers for Disease Control (CDC), has extended the agency’s eviction moratorium until July 31, 2021. The agency says that this extension is intended to be the last.
The...
Multifamily jobs increase in October
The latest Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction jobs and apartment operations jobs saw gains for the month.
Total employment growth meets expectations
The BLS reported that employment...
ULI economic forecast sees continued growth
The Urban Land Institute (ULI) recently released its biannual economic forecast for spring 2022. It generally has a more positive outlook for the economy and for the multifamily housing industry than did their last...
Biden Administration delivers plan to remedy housing shortage
The Biden administration recently announced its plan to solve the nation’s housing shortage, which includes creating more affordable housing. The 13-page Housing Supply Action Plan promises to increase housing supply across the nation, eradicating...
