April NMHC quarterly survey shows greater supply improving affordability
Apartment market conditions were uneven, according to results from the April National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions. The Market Tightness (38), Sales Volume (43) and Debt Financing (36) Indexes...
HUD awards $14 million to help low-income public housing residents secure higher paying jobs
To help low-income public housing residents increase their income and move toward self-sufficiency, the U.S. Department of Housing and Urban Development (HUD) today awarded $14 million to seven Public Housing Authorities (PHAs). HUD’s Jobs Plus...
Senior living community reputations succeed or fail based on quality of their staff, J.D....
The key to winning the hearts and minds of senior living community residents and their families is ensuring the facility has a great staff that communicates clearly, knows personal details about residents and makes...
Builder confidence slips one point, remains in solid territory
Builder confidence in the market for newly built single-family homes edged down one point to a level of 69 in April on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains on firm...
Barriers worsen housing affordability
The National Apartment Association (NAA) released its study “U.S. Barriers to Apartment Construction Index” which examines factors which make construction more difficult in 29 United States metros. Albuquerque was the city with the fewest...
Multifamily construction starts rise in November
The Census Bureau’s new residential construction report for November stated that multifamily construction starts and completions were up from the levels reported last month. However, the number of multifamily construction permits fell.
The number of...
Borrowers gain clarity with Carson-Barr agreement
U.S. Housing and Urban Development Secretary Ben Carson and U.S. Attorney General William Barr issued a Memorandum of Understanding (MOU) between the two agencies that sets prudential guidance on the appropriate use of the False...
NMHC President Doug Bibby to step down in 2021
Doug Bibby, the long-term president of the National Multifamily Housing Council (NMHC) has announced his intent to step down from his leadership role in 2021.
Over the almost two decades that Bibby has helmed NMHC,...
Rent delinquencies grow
The latest version of the Census Bureau’s Pulse Survey shows that a large and increasing portion of renters are behind on their rent payments.
Taking our pulse
The Pulse Survey is an experimental program that the...
HUD expands housing preservation program to include senior housing
In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) announced a significant expansion of its Rental Assistance Demonstration (RAD) to...
Economic momentum drives Fannie Mae forecast
Fannie Mae’s July economic and housing forecast reflects the surprising strength of the U.S. economy in early 2023. It predicts a higher level of multifamily starts and single-family starts in both 2023 and 2024...
Trepp sees NOI growth under pressure
A report from Trepp examined the operational and loan performance of multifamily properties in 19 Metropolitan Statistical Areas (MSAs) and found that year-over-year expense growth outpaced revenue growth in 15 of the MSAs in...
New research confirms apartments outperform across time, geography and market conditions
Apartments outperform other commercial real estate property types, on both a risk-adjusted and unadjusted basis, regardless of holding period, geographic region, metro size, and growth rate according to new research from the National Multifamily...
July apartment market conditions show improvement; construction labor reported as both more expensive and...
Apartment market conditions improved across three of the four indexes measured by the July National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. The Sales Volume (55), Equity Financing (56) and Debt...
Statement from NAHB Chairman Chuck Fowke on Sen. Capito’s Clean Water Act Legislation
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement on Sen. Shelley Moore Capito's (R-W.Va.) legislation to codify the 2020 Clean Water Act...
