Mortgage Bankers close record $530 billion in commercial/multifamily originations in 2017
Commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association’s (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. “2017 was a very strong...
HUD awards record $28 billion to help hard-hit areas in nine states, Puerto Rico...
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $28 billion to support long-term disaster recovery in hard-hit areas in nine states, Puerto Rico and the U.S. Virgin Islands. These funds...
HUD, VA team up to help homeless veterans find permanent homes
In a continued effort to end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $43 million to 325 local public housing...
Our nation is changing
The pace is like at no other time in history. And here we are—apartment operators—at the center of it all. As the multifamily housing industry, a significant part of the nation's largest engine of GDP, begins...
Gender and generational differences drive increased late bill payment and debt collection activity
In celebration of Financial Literacy Month, the National Foundation for Credit Counseling (NFCC) has released its 11th annual Consumer Financial Literacy Survey. This year’s survey, conducted online by Harris Poll in March 2018 among...
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...
Rents rise in March but overall multifamily growth stays dormant
The average national apartment rent was up for the first time since summer 2017 in March, according to data reported by Yardi Matrix, recording an increase of $4 to $1,371. But the uptick does not...
There’s an app for that
Today’s renters can shop for a new apartment from anywhere in the country, discover important details like local weather, demographics and statistics about cities and neighborhoods, as well as reviews of a specific community...
Hope, enthusiasm and joy
That’s what business owners are feeling. In fact, there’s historically high optimism around the nation’s economy according to the latest PNC survey. Just for context and to discern what’s real in today’s headlines—fear, despair...
Message received
The digital natives are getting restless. Armed with tablets and smartphones, raised on apps and connectivity, and coddled by the rich customer experience of major online retailers, today’s apartment prospects want serious answers as...
Flooring collection from Ecore brings performance, safety and beauty to fitness facilities
The latest collection of performance flooring products from Ecore, a company that transforms reclaimed materials into unique performance surfacing, is designed to elevate every aspect of today’s modern fitness spaces – from the entryway...
On the mark
Foreign investors, along with core, core-plus and open-end real estate funds, are moving into multifamily investments because of demographic trends. Young and older Americans are preferring to rent apartments rather than buy homes. While...
NAA celebrates National Apartment Housing Month
The National Apartment Association is celebrating National Apartment Housing Month this April as well as Residential Property Management (RPM) Careers Month. Join NAA, its members, affiliates and supplier partners across the country as we celebrate...
Why IoT is about to explode
Current methods of connecting IoT devices have limitations that make applications unsuitable for IoT, but according to Deloitte, two recent technologies will help expand IoT possibilities: low-power wide-area (LPWA) networks, and the arrival of...