Yardi Matrix reports solid rent growth in June
Yardi Matrix reported that national average apartment rent increased $7 in June from the revised level of the month before. The average rent reached $1,726 per month.
Year-over-year rent growth rate continues to fall
The national...
Builder confidence drops on supply-side constraints
Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects.
Builder confidence in the market for newly built single-family...
Construction materials prices continue to fall
The November producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.2 percent in the month, seasonally adjusted, the third monthly decline in a row....
MSCI: Multifamily property prices lower again
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in September were down 0.3 percent from their level of the month before and down 12.8 percent from...
NMHC responds to Biden’s SOU remarks on housing supply
NMHC urges lawmakers at all levels of government to enact policies and programs that will expand housing supply, which experts agree is the solution to broadening housing opportunity and making housing more affordable. We...
Rent growth falls in December
Yardi Matrix reported that national average apartment rent growth turned negative in December with rents falling $4 from November’s revised level to $1,715 per month.
YoY rent growth rate slide continues
The national average asking apartment...
California REALTORS urge legislature to act swiftly on SB 50 before January 31 deadline
The California Association of Realtors (CAR) issued the following statement on Sen. Scott Wiener’s Senate Bill 50, which would help address the state’s urgent housing shortage and affordability crisis:
“The California Association of Realtors’ 200,000 real estate professionals...
Multifamily developer confidence declines significantly in the Third Quarter
The prospects for continued high levels of multifamily development declined significantly in the third quarter, as did the prospects for continued high occupancy rates, according to results from the Multifamily Market Survey (MMS) released...
Ginnie Mae extends submission deadline for issuer eligibility request for input
Ginnie Mae announced it will extend the comment period on its Request for Input (RFI) on Eligibility Requirements for Single-Family MBS Issuers by an additional 60 days. This extension recognizes the significance of and...
HUD charges New York housing providers with discriminating against resident with disabilities
The U.S. Department of Housing and Urban Development (HUD) today announced it is charging a New York property owner and manager with housing discrimination.
HUD alleges that James W. Ray Jr., Jim Ray Homes, Inc.,...
Housing group announces settlements with three Southern California cities, three new lawsuits over failure...
Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) that aims to address California's housing crisis through impact litigation, announced that it has filed lawsuits against the cities of Claremont, Fullerton and...
HUD to issue rule protecting tenants facing evictions for non-payment of rent in HUD-assisted...
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced that it will publish a rule that prohibits the eviction of tenants facing eviction for nonpayment of rent from HUD-subsidized public housing...
