HUD warns California landlords for failing to comply with lead safety regulations
The U.S. Department of Housing and Urban Development (HUD) today announced it issued notices of violation against the owners of eight HUD-assisted properties throughout California for violations of HUD’s lead safety rules and regulations.
These...
Statement on NMHC/NAA signing letter calling for end to government shutdown
On January 18, the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) joined over 200 organizations in signing on to a United States Chamber of Commerce coalition letter to President Trump...
Rental vacancy rate rises despite renter households up 52k
The Census Bureau released its quarterly report on home ownership and occupancy for Q3. It stated that the rental housing vacancy rate was 6.6 percent, up from a level of 6.3 percent in Q2...
Market conditions begin to improve, though costs and delays remain significant
The March edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity once again found small improvements in terms of more limited price increases, slightly fewer construction delays and some easing in...
Multifamily builder and developer confidence improved in second quarter
Confidence in the market for new multifamily housing increased in the second quarter, however, it still remains in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders...
Rents jump in March
The latest rent report from Apartment List shows positive rent growth for the country as-a-whole and for 48 of the top 50 metro areas.
Rents rebound strongly in March
Apartment List reported that the national average...
Builder confidence edges higher in March but future outlook uncertain
Although high construction costs and elevated interest rates continue to hamper housing affordability, builders expressed cautious optimism in March as a lack of existing inventory is shifting demand to the new home market.
Builder confidence...
Student-housing sees record-shattering transaction volume at 2022 year-end
Student housing has set an all-time high in transaction volume for 2022 with an annualized total of $18.9 billion, significantly surpassing the previous year-end high of $11.5 billion in 2021.
“We are seeing significant interest...
Single-family rentals and the housing crunch
In the last two years, the single-family housing market has been hot, with high sales volumes, rising prices and low available inventory. Institutional investors buying up properties for conversion to single-family rentals (SFR) has...
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...
CBRE sees positives for multifamily housing market
CBRE recently released its report on the state of the multifamily housing market in Q1 2021. It found that the market stabilized after a challenging 2020.
Operations turn the corner
CBRE reported that rents rose 0.4...
CBRE: Foreign investment in multifamily lower in 2021
A new report from CBRE found that both the dollar value of foreign investment in multifamily properties as well as foreign investment’s share of total investment fell during the first half of 2021.
Total foreign...
Fannie Mae forecasts later recession
Fannie Mae’s March economic and housing forecasts shift the timing of the expected recession to later in 2023 than predicted in recent forecasts. This change in outlook ripples through their forecasts for other economic...
Multifamily outlook update for Fall 2020
Yardi Matrix recently presented their Fall 2020 Multifamily National Outlook webinar. It was a wide-ranging discussion of economic, medical, and cultural trends affecting multifamily housing. Jeff Adler, Vice President of Yardi Matrix was the...
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...
