TruAmerica buys apartment communities in Nevada, Florida and Utah in transactions totaling $209 million
TruAmerica Multifamily (TruAmerica) has increased its footprint in some of the strongest multifamily markets in the United States after closing last week on garden-style communities in Las Vegas, Nevada; Tampa, Fla.; and Salt Lake...
CDC issues new eviction ban extension
On August 3, the CDC issued a new extension to its moratorium on evictions. The latest extension is scheduled to run until October 3, 2021. While, the CDC had said that it expected that...
Census reports on rental vacancy rates
The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate fell from 6.9 percent in Q2 2019 to 6.3 percent in Q2 2021. The...
New NMHC survey shows property owners remain focused on supporting renters
A new National Multifamily Housing Council (NMHC) survey of apartment owners and managers shows that 100 percent of multifamily firms surveyed worked with residents facing financial hardships since the onset of the COVID-19 crisis....
NAA seeks monetary damages from unlawful eviction moratorium
The National Apartment Association (NAA) filed a lawsuit in the U.S. Court of Federal Claims to recover damages on behalf of rental housing providers who have suffered severe economic losses under the U.S. Centers...
RCA: Multifamily property prices up
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 12 percent in the year to June, topping the rates of price growth for the other commercial property types they track....
California spends big on housing
Governor Newsom of California recently signed AB 140 into law. This bill is a trailer to the 2021-21 California State Budget and funds ambitious housing and homelessness prevention programs in the state. It allocates...
Power Hitters with Michelle Foster
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Michelle Foster, VP, Sustainability, Home Innovation Research Labs. Transcript: NAHB Power Hitters interview. Linda Hoffman with Michelle Foster, recorded July 8, 2021 (music) Linda Hoffman:...
Fannie Mae lowers near-term GDP growth forecast
Fannie Mae’s July economic and housing forecast projects a flattening of the GDP growth curve in 2021, with lower growth in Q2 but higher growth in Q3 and Q4 than projected in earlier forecasts....
July apartment market conditions showed improvement across all metrics
Apartment market conditions showed continued improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2021. For the first time since October 2015, the Market Tightness (96), Sales Volume...
Multifamily housing construction strong in June
The Census Bureau released its monthly new residential construction report for June 2021. It reported that some multifamily housing construction results were down from recent highs, but they were still solid compared to historical...
Surging rent growth reported for June
The latest rent report from Yardi Matrix shows accelerating rent growth for the country as-a-whole in June, with SFR rents outpacing those of multifamily. Rents up sharply again Yardi Matrix reported that the national average apartment...
Power Hitters with Dan Minahan
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Dan Minahan, President and COO of Continental Properties. Transcript: NAHB Power Hitters interview. Linda Hoffman with Dan Minahan, recorded July 1, 2021 (music) Linda Hoffman:...
Builder confidence edges lower as material challenges persist
Strong buyer demand helped to offset supply-side challenges relating to building materials, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, according to the...
Blackstone acquires AIG affordable housing portfolio
On July 14, Blackstone Real Estate Income Trust (BREIT) announced that they reached a definitive agreement for BREIT to acquire AIG’s interests in a U.S. affordable housing portfolio for approximately $5.1 billion, in an...
