Multifamily jobs up in December
The latest Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the numbers of both residential construction jobs and apartment operations jobs were both up for the month. However, this report...
Multifamily production at a two-year high as single-family starts remain firm
Despite production bottlenecks and rising construction costs, total housing starts led by a strong multifamily reading posted a solid gain in February as demand stays strong and existing inventory remains at low levels.
Overall housing starts...
CoStar reports multifamily property prices higher
CoStar reported that its value-weighted index of multifamily property prices increased 21.6 percent, year-over-year, in May 2022. This index was up 1.4 percent month-over-month.
The combined value-weighted index of non-multifamily commercial property rose by 7.6...
Biden Administration delivers plan to remedy housing shortage
The Biden administration recently announced its plan to solve the nation’s housing shortage, which includes creating more affordable housing. The 13-page Housing Supply Action Plan promises to increase housing supply across the nation, eradicating...
White House Opportunity and Revitalization Council introduces opportunityzones.gov
Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the...
2018’s cities with the highest and lowest credit scores
With tax season coming up and people evaluating their spending and debts more closely, the personal-finance website WalletHub analyzed the median credit scores of residents in 2,572 cities to determine 2018's Cities with the...
Rent payments down slightly in July
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.4 percent of apartment households made a full or partial rent payment by July 6 in its survey of 11.4 million units of professionally...
Construction employment higher in January
The Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction employment and apartment operations employment edged higher in the latest month.
Note that this report incorporates revisions to population estimates...
Emergency Rental Assistance update for June 2022
The latest report by the U.S. Department of the Treasury states that, as of the end of June, 83 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
Construction materials prices follow lumber higher
The Bureau of Labor Statistics (BLS) released its producer price index report for March 2022. It stated that construction materials prices were up 1.5 percent in the month, seasonally adjusted. The index was 23.2...
March was a blowout month for multifamily housing construction
The Census Bureau released its monthly new residential construction report for March 2021. It reported that multifamily housing permits, starts and completions were all strong.
Multifamily housing construction permits down but up
The number of permits...
Doug Bibby responds to killing of George Floyd and continuing racial inequities
Statement by NMHC President Doug Bibby on the killing of George Floyd, Ahmaud Arbery and Breonna Taylor, and continuing racial inequities:
The tragic killing of George Floyd, as well as Ahmaud Arbery and Breonna Taylor,...
Commercial property loan delinquency rates decline
A pair of reports, one from Trepp and one from the Mortgage Bankers Association (MBA) indicate that delinquencies on loans on commercial property continue to decline from the elevated levels they reached early in...
HUD approves $616 million Florida disaster recovery plan
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced he is approving a disaster recovery plan to help Floridians recover from Hurricane Irma. In November, HUD allocated $616 million to the Sunshine...
Construction materials prices continue to surge
The Bureau of Labor Statistics (BLS) released its producer price index report for May 2022. It stated that construction materials prices were up 1.1 percent in the month, seasonally adjusted. The index was 18.2...
