Rent delinquencies continue slow rise
The “week 39” release of the Census Bureau’s Pulse Survey shows that the portion of residents with rent delinquencies is up slightly since we last reported on this survey. For comparison, the NMHC rent...
Rent growth slows in November
The latest rent report from Apartment List shows only marginal rent growth month-over-month in November. Nationally, rents rose 0.1 percent for the month, although they were up 17.7 percent year-over-year.
Rent increases
The first chart, below,...
Residential construction spending higher in April
The Census Bureau’s report on construction spending shows that residential construction spending in April was up 0.9 percent from the revised level of the month before. Residential construction spending was up 18.4 percent year-over-year.
Single-family...
Multifamily housing construction looking strong heading into summer
The Census Bureau’s new residential construction report for June showed multifamily permits and starts both recovering from last month’s declines. Unit completions fell during the month but were up compared to 2019.
Multifamily housing permit...
NAA and NMHC statement on Biden Administration’s progress in implementing its Housing Supply Action...
The National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) applaud today’s announcement by the Biden administration, emphasizing additional steps they are taking to execute the Housing Supply Action Plan goals they unveiled...
HUD, VA team up to help homeless veterans find permanent homes
In a continued effort to end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $43 million to 325 local public housing...
Housing production drops 3.7 percent but remains near post-recession high
Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million, according to newly released data from the U.S. Department of...
HUD takes a major step to improve health and safety inspections
The U.S. Department of Housing and Urban Development (HUD) announced another step to overhaul the Department’s 20-year-old inspection process to ensure taxpayer-supported housing is healthy and safe. HUD is launching a new demonstration to...
Multifamily starts forecast lower
Fannie Mae’s October economic and housing forecast predicts lower multifamily starts in both 2023 and 2024 than called for in last month’s forecast.
Multifamily starts predicted lower
The current forecast for multifamily housing starts is shown...
Property managers can impact rent payment
The national COVID-19 Resident Sentiment Report released by Grace Hill reveals that many more renters are unsure about their ability to pay May rent as the economic impact of COVID-19 is fully felt. But, property...
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...
Fannie Mae updates 2021 and 2022 forecasts
Fannie Mae recently revised its economic outlook for 2021. The new forecast predicts significantly higher growth over the next two years than their last forecast from only one month ago. The economists at Fannie...
Census reports falling vacancy rates
The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate was 5.8 percent in Q3 2021, down from a level of 6.2 percent in...
Job openings and quits set records in March
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings hit a new record high at the end of March. Hiring was...
Growing demand and construction costs lead universities to get creative
Quality student housing and other amenities have proven to be key considerations for attracting and retaining top students at colleges and universities. As the cost of construction and need for financial subsidies both increase,...
