HUD awards more than $130 million to provide affordable housing to people with disabilities
The U.S. Department of Housing and Urban Development (HUD) awarded $131.3 million to 325 local public housing authorities across the country to provide affordable housing to approximately 15,363 additional non-elderly persons with disabilities. Secretary...
California REALTORS applaud Gov. Newsom’s focus on housing in State of the State Address
The California Association of Realtors (CAR) issued the following statement after Gov. Gavin Newsom’s State of the State address:
“The California Association of Realtors stands with Gov. Gavin Newsom and agrees that after decades of neglect...
Residential construction spending continues rise in December
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in December was up 1.1 percent from the revised level of the month before. Residential construction spending...
Rents continued to decline in June
Yardi Matrix released its June 2020 report on the multifamily rental housing market. The report shows continuing softness in the market.
The rent decline continues
The nationwide average rent in June fell by $2 from its...
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...
Housing production drops 3.7 percent but remains near post-recession high
Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million, according to newly released data from the U.S. Department of...
Multifamily housing market will weaken in 2023 while remodeling market remains solid
Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground...
NAHB study shows steady gains in construction employment, but levels remain below peak
A new construction employment analysis from the National Association of Home Builders (NAHB) shows that 9.8 million people worked in construction in 2016, and more than 3.8 million of them worked in residential construction. These numbers reflect...
Cool ROI through property maintenance
One of the most overlooked aspects of property management is maintenance. The maintenance team is on the front lines of the community, interacting with and satisfying residents, and saving money by extending the life...
HUD and Puerto Rico ink $1.5 billion disaster recovery grant agreement
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico...
HUD implements new CARES Act multifamily mortgage payment relief to maintain and preserve affordable...
The U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for borrowers with multifamily mortgages...
Commercial/multifamily mortgage debt outstanding posts largest Q1 increase since before Great Recession
The level of commercial/multifamily mortgage debt outstanding increased by $44.3 billion in the first quarter of 2018 as all four major investor groups increased their holdings. That is a 1.4 percent increase over the...
