Single-family housing contraction continues in October
Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.
Overall housing starts decreased 4.2...
HUD Secretary Carson launches new financial controls to enhance department’s fiscal strength and integrity
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new measures to protect the financial integrity of the agency and correct lax internal processes and controls. Secretary Carson directed HUD’s...
Rising incomes boost housing affordability in first quarter of 2018
Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI)...
Statement from NAHB Chairman Randy Noel on Chinese Tariffs
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on President Trump's decision to impose tariffs on an additional $200 billion worth...
HUD Secretary Ben Carson makes two major announcements at the NAHB International Builders’ Show
When speaking at the 2020 National Association of Home Builders International Builders’ Show, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the National Association of Home Builders (NAHB) will co-host...
NAHB releases salary, bonus and benefit data for 39 jobs across the home building...
Throughout the economy and across all sectors, millions of people have quit their jobs looking for better work-life balance, benefits, location or pay—a phenomenon now commonly referred to as the Great Resignation. These challenges...
Residential construction spending slows despite multifamily
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in January was up 0.4 percent month-over-month. Spending on single-family fell for the 9th month in...
Torrid rent growth pace slows slightly in October
The latest rent report from Apartment List shows that rent growth is still at a high, if decelerating, pace. Nationally, rents were up 0.8 percent for the month and nearly 16 percent for the...
Construction materials prices move higher
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2021. It showed that construction components and materials prices were up 1.6 percent in the month, seasonally adjusted. The index...
CoStar: multifamily property price rises moderating
CoStar reported that its value-weighted index of multifamily property prices increased 14.5 percent, year-over-year, in September 2022. However, this index was down 0.2 percent month-over-month, the third monthly decline in a row.
The value-weighted index...
Make Room celebrates passage of landmark Omnibus Spending Bill
Make Room’s president and CEO Ali Solis is thrilled with the passage of the Omnibus FY 2018 funding bill after making huge strides in advocating for expanding resources to make homes more affordable alongside...
HUD tells public housing authorities and private owners to protect residents from carbon monoxide
In an effort to protect families living in federally subsidized housing from potentially deadly carbon monoxide (CO), the U.S. Department of Housing and Urban Development (HUD) today sent all public housing authorities and private...
Rent growth rises in April
Yardi Matrix reported that national average apartment rent increased $5 in April to $1,709 per month. This is the largest monthly rent increase reported by Yardi Matrix since last July and indicates that a...
Senior housing occupancy up in Q4
An NIC Map Vision summary of the fundamentals of the senior housing industry reports that key metrics are still well below pre-pandemic levels, but trends are positive.
Segmenting the market
The senior housing market is highly...
Rent collections higher in week 3
The NMHC rent tracker project has released its third reading on rent collections in the month of May. A total of 90.8 percent of residents had made a payment by May 20, 2020. This...
