More than 700 residential construction workers discuss housing issues in hill visits
More than 700 builders, remodelers and associates engaged in all facets of residential construction marched on Capitol Hill to call on Congress to take steps to ease the nation’s housing affordability crisis and make...
Supply has peaked, but deal flow remains muted
The multifamily investment outlook remains bullish, but the floodgates will not burst open with deal flow this year. That is the takeaway from the National Multifamily Housing Council’s (NMHC) annual conference, according...
HUD and Census Bureau report residential construction activity in March 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for March 2018.
Building Permits: Privately owned housing units authorized by building permits...
In a critical victory for the multifamily industry, California voters defeat Prop 10
Statement from National Multifamily Housing Council (NMHC) CEO Doug Bibby on California Ballot Initiative Proposition 10:
“California voters sent a resounding message yesterday that rent control is not the answer to solving the housing affordability...
Midwest real estate experts preview 2020 multifamily trends
As the industry enters a new decade, concerns about a recession and oversupply in the U.S. multifamily market seem to be in most investors’ rearview mirrors. Instead, as noted in the recent U.S. Multifamily...
Rents recover (somewhat) in July
Yardi Matrix released its July 2020 report on the multifamily housing market. The report shows some recovery in rents for the multifamily rental housing market nationally, but wide variations between metro areas exist.
The rent...
Multifamily mortgage originations down year-over-year in Q1
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages were down in Q1 compared to the same quarter in 2020.
Multifamily mortgage lending down
The first chart, below, shows the quarterly...
JCHS releases The State of the Nation’s Housing report
The Joint Center for Housing Studies of Harvard University has released the 2021 edition of its report chronicling the issues surrounding housing in the United States. The report brings together data from a wide...
Job openings set new record in June
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for June. The report set a series record for the highest number of job openings, easily exceeding the...
Thousands more skilled workers needed to meet demand
A lack of skilled construction labor is a key limiting factor for improving housing inventory and affordability, according to a new report by the Home Builders Institute (HBI). Additionally, the report cautions that the required number of...
Economic forecasts show rising inflation concerns
A pair of economic forecasts, one from Fannie Mae and one from the Federal Reserve predict higher inflation ahead and higher interest rates as a result.
Fannie Mae issues a monthly forecast for the economy...
Builder confidence falls for ninth straight month as housing slowdown continues
In another sign that the slowdown in the housing market continues, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent building material supply chain disruptions...
Rents fall again in October
The latest rent report from Apartment List shows that the national average rent growth in October remained negative for the second consecutive month. Rents fell 0.8 percent month-over-month, although year-over-year rent growth remained positive,...
MBA forecasts slowdown early in 2023
The Mortgage Bankers’ Association (MBA) recently released its Q4 2022 quarterly databook which contains updated forecasts for key economic metrics through 2025. It still predicts that an economic downturn will begin in Q1 2023.
What’s...
Builder sentiment improves after election
Builder sentiment improved for the third straight month and builders expect market conditions will continue to improve with Republicans winning control of the White House and Congress.
Builder confidence in the market for newly built...
