NMHC Rent Payment Tracker finds 91.3 percent of apartment households paid rent as of...
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 91.3 percent of apartment households made a full or partial rent payment by July 20 in its survey of 11.1 million units of professionally...
New home sales jump in May
A lack of existing inventory coupled with solid consumer demand helped to boost new home sales in May to their highest level since February 2022.
Sales of newly built, single-family homes in May increased 12.2...
Single-family production continues to sag, multifamily permits weakening
Single-family housing starts continued to fall in November, with the pace of construction down 32 percent since February when mortgage rates began to rise. The housing market continues to weaken because stubbornly high construction...
Market conditions begin to improve, though costs and delays remain significant
The March edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity once again found small improvements in terms of more limited price increases, slightly fewer construction delays and some easing in...
Constitution crosses into digital world
The Supreme Court has been busy this year. Potentially adding to other notable recent decisions, the Supreme Court will hear cases involving property rights, arbitration clauses, copyright protection and whether social media platforms violate...
MBA forecast: Higher rates, uncertainty to slow commercial/multifamily lending in 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year, which is a 38 percent decline from 2022’s total of $816 billion. This is according to an...
Single-family starts edge higher in July but rising rate concerns persist
A lack of existing inventory and solid demand helped offset rising mortgage rates and push single-family production higher in July, even as builders continue to grapple with elevated construction and financing costs as well...
July apartment market conditions showed improvement across all metrics
Apartment market conditions showed continued improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2021. For the first time since October 2015, the Market Tightness (96), Sales Volume...
Single-family starts decline in June but permits post solid gain
Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building activity and affordability conditions worsened for home buyers.
Overall housing starts...
Hiring down despite steady job openings in November
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in November was 8.79 million. This was reported to be down 62,000...
Finding value in green building designations
On January 11, 1964, U.S. Surgeon General Luther Terry issued a report that linked smoking cigarettes with developing lung cancer. We then debated into the 1970’s if smoking was bad for people. As someone...
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,...
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...
Shining a light on sustainability
“You cannot manage what you do not measure.” –Peter F. Drucker.
I cannot tell you the number of times I have seen or heard that quote applied to the importance of benchmarking for sustainability. If...
NAHB tells Congress how excessive regulations and codes harm housing affordability
The National Association of Home Builders (NAHB) told Congress that burdensome government regulations and mandates which support environmental, social and governance (ESG) policies impede the housing industry’s ability to increase the production of quality,...
