NMHC and apartment data providers to release key data on the impact of the...
Beginning on April 8 and continuing on a weekly basis for the duration of the COVID-19 outbreak, NMHC, in partnership with the leading apartment data providers, will release weekly metrics assessing the overall effect...
Fannie Mae provides assistance to help renters impacted by COVID-19 stay in their apartments
Fannie Mae wants to help ensure families who are renting in multifamily properties are able to remain in their apartments during these unprecedented times. In coordination with the Federal Housing Finance Agency (FHFA), Fannie...
Apartment industry committed to supporting residents impacted by COVID-19
As the nation contends with the COVID-19 outbreak and millions are sheltering in place, having safe and secure housing is more important than ever. With this in mind, the National Multifamily Housing Council (NMHC), on...
NMHC calls on lawmakers to provide direct financial assistance to renters
NMHC and its member firms are committed to supporting residents who are impacted by COVID-19 and need assistance with their housing costs. NMHC is actively working with Congress to secure federal support for those...
Resilience of U.S. economy tested by COVID-19 outbreak and oil price shock
According to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, the COVID-19 (coronavirus) outbreak and sharp decline in oil prices are likely to result in decreased economic growth. Assuming the...
California REALTORS expect coronavirus to impact housing market
As the coronavirus continues to evolve, California REALTORS expect the outbreak to negatively impact their business, primarily in the areas of home sales and time on market, according to a flash poll conducted by the...
US Department of Labor issues industry-recognized apprenticeship program final rule
The U.S. Department of Labor published a final rule that will help expand apprenticeships in the United States by establishing a system for advancing the development of high-quality, Industry-Recognized Apprenticeship Programs (IRAPs). IRAPs are high-quality...
Survey: support for more density in single-family neighborhoods but not for large multifamily buildings
More than three quarters of homeowners across 20 large metro areas agree local governments should do more to keep housing affordable, and most agree that allowing more building would help, according to a new...
NMHC and NAA respond to House’s passage of the YIMBY Act
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the passage of the Yes in My Backyard (YIMBY) Act (H.R. 4351) by the House of Representatives: NMHC and NAA are...
Multifamily builder and developer confidence remains unchanged in fourth quarter
Confidence in the market for new multifamily housing remained unchanged in the fourth quarter of 2019, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces...
California REALTORS applaud Gov. Newsom’s focus on housing in State of the State Address
The California Association of Realtors (CAR) issued the following statement after Gov. Gavin Newsom’s State of the State address: “The California Association of Realtors stands with Gov. Gavin Newsom and agrees that after decades of neglect...
Census releases multifamily housing construction data for January 2020
The Census Bureau released its monthly new residential construction report for January 2020. It shows continued strength for multifamily housing construction. Permits make a comeback The number of permits issued for buildings with 5 or more units...
New report explores problem of ‘credit invisibility’ among HUD-assisted households
Landlords and property management groups regularly use credit checks to make determinations about renting to potential tenants and many employers incorporate credit checks in hiring decisions. A low credit score or credit invisibility can...
HUD awards $2.7 billion to improve and preserve public housing
The U.S. Department of Housing and Urban Development (HUD) awarded more than $2.7 billion to public housing authorities (PHA) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and...
Los Angeles takes top spot as nation’s least affordable housing market
San Francisco, which has been the nation's least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells...
