Construction spending falls on single-family decline
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in June was down 1.7 percent from the revised level of the month before. Residential construction spending...
Property rights grab
With so many Americans out of work and unable to pay their rent, the Centers for Disease Control and Prevention instituted a nationwide eviction ban on residential rental properties.
With the moratorium originally set to...
MBA reports on multifamily mortgage debt
The Mortgage Bankers Association (MBA) recently issued their report on Q4 2019 debt outstanding on commercial property. This article summarizes the part of the report dealing with multifamily property debt.
Measuring total multifamily mortgage debt
Total...
Construction materials prices up despite lumber price declines
The Bureau of Labor Statistics (BLS) released its producer price index report for August 2021. It showed that construction components and materials prices were up 0.2 percent in the month, seasonally adjusted. The index...
2018 NMHC 50 demonstrates strong and continued apartment growth
The apartment sector continued its strong economic run last year, reflected in the National Multifamily Housing Council’s (NMHC) newly released 2018 NMHC 50—the authoritative ranking of the nation’s largest apartment owners, manager, developers, builders...
Multifamily construction spending ticks higher in December
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in December was up 0.3 percent from the revised level of the month before. Spending on...
New U.S. apartments are getting smaller and more expensive
The average size of a new U.S. apartment has shrunk 5 percent over the last 10 years, while the average price has risen 28 percent. The average floor plan of a new apartment measures...
Apartment industry statement on the Emergency Housing Protections and Relief Act of 2020
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) thank members of Congress for their continued focus on supporting apartment residents and the multifamily industry as we continue to confront unprecedented...
Employment rises despite lower job openings
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in January was 8.86 million. This was reported to be down 26,000...
Multifamily mortgage debt rises in Q2 despite cuts
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt holdings in Q2 2022 shows that banks and thrifts had the largest net increase in multifamily mortgage holdings for the third quarter...
Construction delays and high costs persist, but conditions may begin to improve
The December edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity found small improvements in terms of the share of respondents experiencing construction delays and deals being repriced up, but conditions...
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...
Hopeful signs remain for housing
At first glance, the June housing starts report appeared to be negative, with activity declining 5.0 percent to a seasonally adjusted annual rate of 549,000 units, down from a pace of 578,000 units in...
HUD nominee Marcia Fudge to push for rental assistance, affordable housing amid coronavirus crisis
If confirmed as secretary of housing and urban development, Rep. Marcia L. Fudge (D-Ohio) will confront the immediate challenge of keeping millions of Americans from losing their homes amid the coronavirus pandemic, while also...
Single-family and multifamily growth solid but trended in opposite directions in last half of...
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family growth in all small and large metro urban, suburban and rural regional...
