HUD and Census Bureau report residential construction activity in February 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for February 2018.
Building Permits: Privately owned housing units authorized by building permits...
Rising incomes boost housing affordability in first quarter of 2018
Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI)...
New NMHC white paper explores the Internet of Things and the apartment sector
The Internet of Things (IoT) presents the apartment industry with both opportunities and challenges. The National Multifamily Housing Council (NMHC) has published a new white paper, Smart Communities: The Internet of Things & the...
Assessing the apartment market, summer 2020
RealPage recently presented their US Summer Apartment Market Outlook webcast. Greg Willett, chief economist, and Ada Couch, market analyst at RealPage conducted the presentation. They covered both the current state of the market as...
Multifamily housing construction pipeline grows
The Census Bureau’s new residential construction report for August reported a surge in multifamily housing construction permits and starts, although completions continued to lag.
Multifamily housing construction permits hit multi-year high
The number of permits issued...
Multifamily construction spending stalls in May
The Census Bureau’s latest report on construction spending shows that the value of residential construction put in place in May was up 0.2 percent from the revised level of the month before. Residential construction...
Insurance costs lead operating expenses higher
A new report from Yardi Matrix documents the rapid rise in operating expenses for multifamily properties over the past year and identifies the factors driving this rise.
The broad view
Nationally, Yardi Matrix found that average...
New housing laws coming to California
The 2020 legislative session in California saw the consideration of at least 9 significant bills intended to address the state’s housing deficit. When the session ended at midnight on August 31, only two of...
Remodeler sentiment continues to improve year-over-year
The National Association of Home Builders (NAHB) released its NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 83, up four points from the fourth quarter of 2020. The finding is...
Industry applauds introduction of Choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bi-partisan legislation that aims to increase private sector participation in the Section...
Rent Payment Tracker: rent payments flat from September
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.6 percent of apartment households made a full or partial rent payment by October 20 in its survey of 11.4 million units of professionally...
MF industry responds to Congresswoman Marcia Fudge’s confirmation as HUD Secretary
Marcia L. Fudge was officially sworn in as the eighteenth Secretary of Housing and Urban Development.
Secretary Fudge took the oath the evening of March 10 after the Senate voted to confirm her. As Secretary...
Housing affordability will remain a significant challenge in 2022
Low existing home inventory and strong buyer demand will keep housing moving forward in 2022 even as builders continue to grapple with ongoing building material production bottlenecks and labor shortages that will limit the pace of construction...
NY Dem candidate is on a “rent strike”
In New York City’s well-heeled 12th Congressional District, a housing activist named Pete Harrison is running in the Democratic primary to unseat incumbent Congresswoman Carolyn Maloney. But that’s not the only campaign he’s waging....
Industry associations response to White House Renters Plan
NAHB Chairman Jerry Konter
Jerry Konter, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Savannah, Ga., issued the following statement on the White House residential renter package...
