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)...
Ginnie Mae closes 2020 with December MBS volume at record $81.7 billion
In December, Ginnie Mae mortgage-backed securities (MBS) issuance surged to above $81.7 billion, financing housing for more than 289,000 households. December was the sixth consecutive month that MBS issuance exceeded $70 billion.
A record 57...
Strong rise in employment in March
The Employment Situation Report from the Bureau of Labor Statistics stated that March employment levels all 4 of the multifamily-related job categories we track rose from the preliminary levels reported last month.
Blowout month for...
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,...
Builder sentiment rises again in February
Expectations that mortgage rates will continue to moderate in the coming months, the prospect of future rate cuts by the Federal Reserve later this year, and a protracted lack of existing inventory helped provide...
The good stuff is at the bottom
As a child, I loved it when my grandmother would pick my brother and me up for an afternoon playdate. It was the best. My grandmother was indescribably beautiful, exuded love, spread laughter and...
In 2024, resolve to reduce energy loss
We all start the year with resolutions or goals. Some of these goals may be carried over from the prior year. Some are new. “I am going to save money.” “I am going to...
Industry responds to the Suspension of COVID relief negotiations
Multifamily industry associations issued the following statements after President Trump announced that coronavirus stimulus talks would be put off until after the November election:
Statement from NMHC President Doug Bibby:
The breakdown of negotiations this afternoon about the...
NMHC, NAA support the introduction of choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bipartisan legislation that aims to increase private sector participation in the Section...
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...
Positive rent growth reported in April
Yardi Matrix reported that national average apartment rent was up $6 in April compared to the revised level of the month before at $1,725 per month. The national average year-over-year apartment asking rent growth...
Single-family market share continues to shift from large population centers
While nationwide single-family housing starts have slowed in the past year, the largest drop on a percentage basis is occurring in the most dense counties, where housing costs are highest. Meanwhile, multifamily growth was...
NMHC statement on today’s meeting with the Homes Guarantee Campaign
Today, NMHC met with representatives from the Homes Guarantee Campaign to learn more about their priorities and personal stories. While the meeting was unscheduled, the discussion confirmed our mutual desire to see an increase...
NMHC President Doug Bibby to step down in 2021
Doug Bibby, the long-term president of the National Multifamily Housing Council (NMHC) has announced his intent to step down from his leadership role in 2021.
Over the almost two decades that Bibby has helmed NMHC,...
Action on supply chain bottlenecks needed to boost housing affordability
The National Association of Home Builders (NAHB) called on Congress and the Biden administration to help ease building material supply chain bottlenecks that are harming housing affordability by removing trade barriers and seeking solutions to port congestion...
