Multifamily housing starts up in Fannie Mae forecast
Compared with earlier forecasts, Fannie Mae’s October economic and housing forecasts call for higher multifamily housing starts over the next 6 months while also anticipating lower GDP growth and higher inflation.
Housing: less single-family, more...
Housing market at inflection point as builder confidence continues to fall
Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability.
Builder confidence in the market for newly built single-family homes...
Weak report on construction employment in September
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs was higher in September than reported the month before but employment in residential construction jobs was...
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 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...
Residential developers market size expected to reach or exceed $200 billion in 2023
Like many industries and markets, the residential real estate market was adversely affected by the pandemic. However, despite this disruption, the housing market is resilient with increasing homeownership in this sector. Industry reports actually...
Remodeling industry confidence is strong despite COVID-19
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) for the fourth quarter of 2020, posting a reading of 79. The finding is a signal of residential remodelers' strong confidence in their markets,...
Multifamily jobs up in December
The latest Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the numbers of both residential construction jobs and apartment operations jobs were both up for the month. However, this report...
NAHB urges Congress to take steps to get more women in the workforce
To get more women working in the residential construction sector and overall workforce, lawmakers must pursue flexible, targeted and incentive-based strategies to tackle the high cost of childcare and availability of paid leave, the...
NMHC/NAA Testify Before Congress on Behalf of Apartment Industry
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on today’s Congressional testimony before the Housing and Insurance Subcommittee by Sue Ansel, President and Chief Executive Officer, Gables Residential and...
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...
Letter from Sec. Carson: Removing red tape improves housing
Many federal regulations are like weeds growing in the Washington swamp. If left untended, the landscape becomes overgrown, preventing progress and innovation from taking root in our society. And just like pulling weeds in...
ULI economic forecast sees improvement
The Urban Land Institute (ULI) recently released its biannual economic forecast. It has a more positive outlook for the economy and for the multifamily housing industry than did their last forecast of 6 months...
NAA and NMHC statement on the passage of the bipartisan Infrastructure Investment and Jobs...
The National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) applaud the passage of the Bipartisan Infrastructure Investment and Jobs Act.
The nation’s apartment industry and our 40 million residents depend on robust,...
Supply chain issues continue to slow housing
With builders continuing to report supply chain problems that are causing construction delays, overall housing starts decreased 4.1 percent to a seasonally adjusted annual rate of 1.64 million units, according to a report from the U.S. Department...
