Lower multifamily construction spending in January
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in January was down 0.4 percent from the revised level of the month before. Spending on...
Rent growth rate up in May
The latest rent report from Apartment List shows that the national average rent rose in May. Rent growth was 1.2 percent month-over-month and 16.4 percent year-over-year.
The history of rent changes for the 6 years...
Greenbuild International Conference & Expo releases 2018 sustainability report
Informa and the U.S. Green Building Council (USGBC) announced the release of the 2018 Greenbuild Sustainability Report, highlighting valuable metrics and key benchmarks regarding the impact on sustainable sourcing, community involvement, and carbon footprint...
Remodeling market sentiment edged down in second quarter
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 68, edging down two points compared to the previous quarter.
The NAHB/Westlake...
National Multifamily Housing Council issues Data Privacy and Protection White Paper
The National Multifamily Housing Council released a new white paper that examines the state of play in the rapidly evolving data protection and privacy regulatory landscape. It identifies 14 specific steps firms should take...
NMHC names Sharon Wilson Géno president
The National Multifamily Housing Council (NMHC) named Sharon Wilson Géno, a 30-year veteran of the housing industry, as the organization’s President-Elect effective October 11. Wilson Géno will assume the role of President from Doug...
Multifamily construction starts continue to outpace completions
The Census Bureau’s new residential construction report for November stated that the number of multifamily construction permits issued was down from its recent very high levels but that starts and completions both rose for...
What will whole building data reveal?
“Don’t be upset by the results you didn’t get for the work you didn’t do.” --Unknown
On January 25, 2024, HUD, the DOE and EPA joined forces in a superhero mashup to sign a joint...
Rent growth blooms in spring
Yardi Matrix reported that national average apartment rent was up $8 in March compared to the level of the month before at $1,721 per month. The national average year-over-year apartment asking rent growth was...
Partial recovery in multifamily construction starts in September
The Census Bureau’s new residential construction report for September stated that the number of multifamily construction starts and unit completions were up from the levels reported last month. However, the number of multifamily permits...
Housing affordability falls to lowest level since Great Recession
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.
According to the National...
Housing affordability posts solid gain but still much lower from a year ago
Solid nominal wage gains (unadjusted for inflation) combined with lower mortgage rates and home prices helped to boost housing affordability at the start of 2023, but ongoing building material supply chain issues and expected...
Jobs market growth disappoints in April
The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing eked out employment gains in April.
Growth in total employment slows
The...
Fannie Mae launches rent payment reporting program to help renters build credit
Fannie Mae announced the launch of its Multifamily Positive Rent Payment Reporting pilot program, aimed at helping renters build their credit history and improve their credit score. Beginning September 27, 2022, eligible multifamily property owners can share...
Multifamily property prices and transactions down again
CoStar reported that its value-weighted index of multifamily property prices fell 7.0 percent year-over-year in February 2023. This index was down 1.4 percent month-over-month, the eighth monthly decline in a row.
The value-weighted index of...
