Ginnie Mae MBS outstanding increases to $1.960 trillion
Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled slightly more than $35 billion in May.
A breakdown of May issuance includes $33.431 billion of Ginnie Mae II MBS and $1.890 billion...
HUD to drastically cut notice for inspections of public housing and privately owned apartment...
The U.S. Department of Housing and Urban Development (HUD) today announced it is dramatically reducing the advance notice it provides to public housing authorities (PHAs) and private owners of HUD-subsidized apartment developments before their...
Multifamily property prices break string of declines
CoStar reported that its value-weighted index of multifamily property prices rose 1.3 percent month-over-month in September 2023, the first gain in 14 months. However, this index was still down 16.6 percent year-over-year.
The value-weighted index...
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...
Recession coming, but later
Fannie Mae’s January economic and housing forecasts predict a stronger finish for multifamily starts in 2022 and a higher number of multifamily starts in 2023 than did earlier forecasts. However, it also foresees a...
Latest Rent Payment Tracker finds payments slightly behind last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.9 percent of apartment households made a full or partial rent payment by August 13 in its survey of 11.4 million units of professionally...
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...
Rent Payment Tracker: Payments down slightly from last November
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 78.2 percent of apartment households made a full or partial rent payment by November 6 in its survey of 11.8 million units of professionally...
Builder confidence stays at healthy level in July
Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 68 reading in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
"Consumer demand for single-family homes is holding strong...
Confidence in apartment and condo housing sectors weakens in first quarter of 2019
Confidence in the market for new multifamily housing weakened in the first quarter of 2019, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two...
Rising rent control leading to falling development and investment
An increasing number of jurisdictions recently have imposed rent control or are seriously considering doing so, leading many market participants to reconsider their investment decisions, according to the NMHC's Quarterly Survey of Apartment Market...
Response to reinstatement of 2013 version of Disparate Impact Regulation
Statement from the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) on the U.S. Department of Housing and Urban Development (HUD) reinstating a 2013 version of disparate impact regulation:
“NAA and NMHC...
Student-housing sees record-shattering transaction volume at 2022 year-end
Student housing has set an all-time high in transaction volume for 2022 with an annualized total of $18.9 billion, significantly surpassing the previous year-end high of $11.5 billion in 2021.
“We are seeing significant interest...
NMHC releases 2020 National Multifamily Industry Compensation Survey
The NMHC 2020 National Multifamily Industry Compensation Survey report is now available for purchase. As the premier source for market-level apartment industry compensation data, the 2020 Survey addresses current market practices in compensation program...
HUD nominee Marcia Fudge to push for rental assistance, affordable housing amid coronavirus crisis
If confirmed as secretary of housing and urban development, Rep. Marcia L. Fudge (D-Ohio) will confront the immediate challenge of keeping millions of Americans from losing their homes amid the coronavirus pandemic, while also...
