HUD releases new research on increasing affordable housing production and preservation
The U.S. Department of Housing and Urban Development released its latest research on innovative strategies being pursued by state and local governments to remove regulatory barriers to affordable housing and increase housing supply.
The new research, published by HUD’s...
Rent Payment Tracker: September payments down 4.4 percent
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 72.0 percent of apartment households made a full or partial rent payment by September 6 in its survey of 11.7 million units of professionally...
Fastest home building activity continues in suburban, exurban communities
Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released by the National Association of Home Builders...
Multifamily jobs markets mixed in August
The latest Employment Situation Report from the Bureau of Labor Statistics stated that residential construction jobs were up but apartment operations jobs were down.
Total employment grows slowly for the month
The BLS reported that the US...
Residential construction spending continues to rise
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in July was up 27 percent year-over-year.
Improvements offset single-family
The reported value of total private residential construction put...
JCHS reports on landlords under stress
Harvard’s Joint Center for Housing Studies (JCHS) recently issued a report assessing how landlords are faring during the COVID pandemic. The report studied how their rent collections and business practices changed between 2019 and...
CoStar reports steady rise in multifamily property prices
A recent report from CoStar says that commercial property prices in general, and multifamily property prices in particular, continued their recent strong performance in July.
CCRSI defined
The CoStar report focuses on a relative measure of...
Rapid rent growth continues in August
The latest rent report from Apartment List shows strongly positive rent growth for the country as-a-whole. Rents were up month-over-month and year-over-year in all of the 50 largest metro areas.
Rent increases continue
Apartment List reported...
HUD announces cross-agency efforts to increase affordable housing supply
The Department of Housing and Urban Development (HUD) on Wednesday announced a series of actions it is taking as part of the Biden-Harris Administration’s plan to create, preserve, and sell nearly 100,000 additional affordable homes for homeowners and renters across the country over the...
RCA: Multifamily property prices higher
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 13.5 percent in the year to July, topping the 12 percent annual increase logged last month. Apartments were again the commercial...
Emergency Rental Assistance funds going out – slowly
A report by the U.S. Department of the Treasury states that, as of the end of July, approximately 24 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
CDC eviction moratorium back at Supreme Court – overturned
Update: On August 26, the Supreme Court lifted the stay on Judge Friedrich's order, meaning that the CDC's eviction moratorium may no longer be imposed nationwide. The vote was 6-3 with Justices Breyer, Sotomayor...
Fannie Mae raises forecast for multifamily housing production
Fannie Mae’s August economic forecast projects lower GDP growth for the rest of 2021, partially offset by higher GDP growth for Q1 2022. Their housing forecast anticipates more multifamily housing starts in 2021 and...
Multifamily construction sentiment declines in second quarter
Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released August 19 by the National Association of Home Builders (NAHB). The...
Multifamily housing construction: permits up, starts down
The Census Bureau released its monthly new residential construction report for July 2021. It reported good results for permits, starts and completions compared to long-term averages, if not when compared to recent highs.
Multifamily housing...
