HUD announces $180+ million in COVID-19 funding for multifamily owners
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced that it is opening a new application period for owners of Multifamily properties participating in assisted housing programs to...
CBRE: Foreign investment in multifamily lower in 2021
A new report from CBRE found that both the dollar value of foreign investment in multifamily properties as well as foreign investment’s share of total investment fell during the first half of 2021.
Total foreign...
ULI Foundation announces $1 million gift to launch effort to decarbonize cities
The Urban Land Institute (ULI), a global research and education organization focused on shaping the future of the built environment for transformative impact in communities worldwide, has received a major gift that will support...
Construction materials prices up despite lumber price declines
The Bureau of Labor Statistics (BLS) released its producer price index report for August 2021. It showed that construction components and materials prices were up 0.2 percent in the month, seasonally adjusted. The index...
Nation’s apartment industry testifies before the House Committee on financial services
On behalf of the nation’s rental housing industry, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC), David Schwartz, Chairman and CEO of Waterton and Chair of NMHC testified before the House...
Mortgage payments for new homebuyers are rising faster than rents
The national median monthly mortgage payment for homebuyers rose 67 percent faster than rents during the same period, according to a new report from Redfin, the technology-powered real estate brokerage.
This is despite mortgage interest...
Yardi Matrix reports record rent growth
The latest rent report from Yardi Matrix shows record growth in multifamily asking rents for the country as-a-whole in August, with SFR rent growth outpacing that of multifamily.
Rents up sharply again
Yardi Matrix reported that...
Job openings again set record in July
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for July. It again reported a series record for the highest number of job openings.
Assessing the overall jobs...
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...
