Builder confidence edges up as strong demand offsets supply-side challenges
Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest National...
April apartment market conditions show improvement
Apartment market conditions showed improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2021, as the industry begins to see signs of optimism. While the Sales Volume (77)...
NMHC identifies industry’s largest firms
The National Multifamily Housing Council (NMHC) released their 2021 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
NMHC President Doug Bibby postpones retirement
Doug Bibby, the veteran president of the National Multifamily Housing Council (NMHC), has announced that he will now retire at NMHC’s Annual Meeting in January of 2023.
For more than twenty years, Bibby’s leadership has...
NAHB holds COVID-19 vaccine awareness week in construction April 19-23
The National Association of Home Builders (NAHB) and construction industry partners are organizing the COVID-19 Vaccine Awareness Week in Construction, April 19-23 to encourage construction professionals to do their part to help the country end the pandemic...
Construction materials prices jump again in March
The Bureau of Labor Statistics (BLS) released its Producer Price Index report for March 2021. It showed that construction materials prices were up 2.4 percent in the month, seasonally adjusted. The index of materials...
79.8 percent pay rent by April 6
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.8 percent of apartment households made a full or partial rent payment by April 6 in its survey of 11.6 million units of professionally...
HUD wants your input
The Department of Housing and Urban Development is planning to introduce new physical inspection standards for housing. They are seeking input from knowledgeable parties as part of the process of developing these standards. Multifamily...
JOLT report: more people left jobs in February
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for February. It shows that the labor market took a step back in that month.
Looking at the churn
The...
Yardi Matrix reports rents rose in March
The latest rent report from Yardi Matrix sets a positive tone for rent growth for the country as-a-whole in 2021, with most markets returning to rent gains.
Rents rise again in March
Yardi Matrix reported that...
Jobs market growth resumes in March
The latest Employment Situation Report from the Bureau of Labor Statistics shows that employment growth resumed in jobs categories of interest to builders and operators of multifamily housing in March.
Total employment rises
The BLS reported...
Apartment investment environment improves in Q4
Freddie Mac recently released its Apartment Market Investment Index (AIMI) for Q4 2020. The national index was up 0.5 percent in the quarter and was 3.4 percent higher than its year-ago level, indicating an...
Rents jump in March
The latest rent report from Apartment List shows positive rent growth for the country as-a-whole and for 48 of the top 50 metro areas.
Rents rebound strongly in March
Apartment List reported that the national average...
Statement from NAHB Chairman Chuck Fowke on President Biden’s infrastructure plan
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement on President Biden's infrastructure proposal:
"NAHB commends President Biden for proposing a much-needed...
Mixed reports on multifamily property prices in February
Recent reports from CoStar and from Real Capital Analytics (RCA) paint different pictures of short-term movements for multifamily property prices in February.
Defining the indices
The CoStar report focuses on a relative measure of property values...
