No rent growth in September
Yardi Matrix released its September 2020 report on the multifamily rental housing market. The report shows a wide variation in rent growth results for different metro areas but flat rents for the country as...
Preventing a looming crisis
Missed rent payments are stacking up across the country, threatening an unthinkable crisis when eviction moratoriums currently in place expire. To make matters worse, many renters are accumulating massive late fees that compound their...
Rent Payment Tracker: Payments up from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.4 percent of apartment households made a full or partial rent payment by March 6 in its survey of 11.6 million units of professionally...
Feeling the heat
National apartment sales in the second quarter of 2010 totaled $7.1 billion, the highest level since late 2008, up 32 percent year over year, according to Marcus & Millichap Research Services. Most of that...
January quarterly survey indicates apartment conditions mixed
Certain market conditions are loosening, according to the NMHC Quarterly Survey of Apartment Market Conditions, conducted in January 2020. The Sales Volume Index slipped further below the breakeven level (50) to 43, indicating a...
Lennar builds multifamily division
LMC is the sixth-largest apartment developer in the U.S., according to the National Multifamily Housing Council. Its parent company, Lennar is the second-largest homebuilder, according to Professional Builder magazine. LMV II, the newest of...
Renters are richer, older, and have larger households
It’s a perfect storm for raising rental costs: low vacancy rates not seen in decades, an influx of high-income renters, constraints on building new apartments and homes, and the disappearance of low-cost rental units.
A...
Multifamily property prices rise in April
A report from Real Capital Analytics (RCA) said that multifamily property prices rose in the year to April as part of a general rise in commercial real estate prices.
Defining the index
Real Capital Analytics reports...
U.S. Supreme Court decides in favor of property owners
Property owners won a significant victory in the recent case of Pakdel v. San Francisco, in which the U.S. Supreme Court rejected a restrictive view of the “finality requirement,” which generally requires a government...
Lease up and ship out
AIM, a national marketing and incentives company, offers cruise certificates to multifamily properties as a tool for leasing and retention. Long a standard in other industries, prospective residents are offered a 5-day/4-night cruise certificate...
Rent collections higher in week 3
The NMHC rent tracker project has released its third reading on rent collections in the month of May. A total of 90.8 percent of residents had made a payment by May 20, 2020. This...
Multifamily housing construction slows in August
The Census Bureau released its monthly new residential construction report for August 2020. It shows a slowdown in all phases of multifamily housing construction.
Permits fall
The number of permits issued for buildings with 5 or...
Why you won’t quit your job
And when we bumped into each other last week, I found her toiling away in exactly the same role, still dreaming of her nonprofit venture, but now more depressed than ever.
Why can't Susan leave...
HUD invites public housing agencies to join Moving to Work demonstration program
The U.S. Department of Housing and Urban Development (HUD) is inviting public housing agencies to join the Department’s expanding Moving to Work demonstration program. Moving to Work (MTW) allows public housing agencies (PHAs) to...
Remarks by Secretary Ben Carson Ginnie Mae Summit 2019
As prepared for delivery.
Acknowledgments; Introduction
Thank you, Maren. We are very fortunate to have you leading this great agency. Maren has done a tremendous job, and HUD is grateful for her steady hand at the...
