Fannie Mae revises GDP growth forecast lower again
Fannie Mae’s August economic and housing forecasts predict a recession in early 2023. The economic slowdown is expected to bring inflation under control by late 2023 but at the cost of reducing employment and...
Multifamily residential construction spending steady in August
The Census Bureau’s report on construction spending shows that the value of multifamily residential construction put in place in August was up 0.4 percent month-over-month despite overall residential construction spending falling by 1.0 percent.
Multifamily...
Urban housing markets forecast to recover
Moody’s Investor Services recently released a report discussing the future of urban areas, and particularly of urban housing, in the wake of the COVID-19 pandemic.
Why cities?
The report acknowledges the many uncertainties that surround how...
Rent growth barely positive in August
Yardi Matrix released its August 2020 report on the multifamily rental housing market. The report shows that rent growth was positive for the second month in a row and that secondary markets are doing...
California extends eviction moratorium
California Governor Newsom has signed into law Senate Bill 91 (SB-91), which extends the state’s eviction moratorium to June 30, 2021. The bill also creates the State Rental Assistance Program which will use funds...
Rents continue upturn in February
The latest rent reports from Yardi Matrix and Apartment List show positive rent growth for the country as-a-whole in February.
Rents rise in February
Yardi Matrix reported that the national average apartment rent rose 0.2 percent...
Investor demand for real estate grows to new heights as U.S. heals from pandemic,...
Commercial real estate investment has bounced back from its COVID-19 nadir, with investor demand reaching new heights and capitalization rates declining across the real estate spectrum, according to a new CBRE survey.
The CBRE survey...
Fannie Mae revises GDP growth forecast lower again
Fannie Mae’s October economic and housing forecasts predict that the economy will briefly return to growth in Q3 before entering a recession in early 2023. The downturn is expected to lower housing starts next...
55+ housing market shows continued strength in second quarter
Builder confidence in the single-family 55+ housing market continued to be in positive territory in the second quarter of 2018, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) which was released...
Supreme Court rehears crucial property rights case
On January 16, the U.S. Supreme Court reheard oral argument in a crucial property rights case affecting property owners across the country. At issue is a 1985 Supreme Court decision that bars property owners from...
New NMHC construction survey finds record impact on availability of construction labor
A record 93 percent of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the eighth edition of the National Multifamily Housing Council (NMHC) Construction Survey.
Of this group, 83...
Multifamily jobs increase in October
The latest Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction jobs and apartment operations jobs saw gains for the month.
Total employment growth meets expectations
The BLS reported that employment...
FHA extends foreclosure moratorium for Hurricane Maria victims
For the second time since Hurricane Maria devastated Puerto Rico and the U.S. Virgin Islands, the Federal Housing Administration (FHA) today announced that the agency is extending its 180-day foreclosure moratorium for FHA-insured homeowners...
NMHC/NAA identify 2019-2020 apartment industry policy priorities
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) today released the multifamily industry’s policy priorities for 2019-2020.
It’s no secret that a growing number of families across the income spectrum are struggling...
HUD awards $54.7 million in grants to expand rental development for low-income persons with...
The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental...
