HUD awards $2.7 billion to improve, preserve nation’s public housing
The U.S. Department of Housing and Urban Development awarded more than $2.7 billion in funding to nearly 2,900 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam,...
NMHC, NAA release apartment industry’s 2021 policy priorities
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released the apartment industry’s 2021 policy priorities. On behalf of the apartment industry and our residents, NMHC and NAA are focusing on issues that...
Fannie Mae forecasts higher near-term growth
Fannie Mae issued its February forecasts for the economy and for housing. They predict slightly higher growth in 2021 but slightly lower growth in 2022. GDP growth shifts Compared to the last time we checked in...
epIQ Index report on top management companies released
ApartmentRatings and SatisFacts Research have announced the list of 2020's top 100 multifamily property management companies by portfolio size and the top 250 rental communities nationwide as part of their epIQ Index Biannual Report,...
Construction materials prices higher in January
The Bureau of Labor Statistics (BLS) released its producer price index report for January 2021. It showed that the BLS price index of materials and components for construction was up 1.5 percent from December,...
Multifamily housing permits surge in January
The Census Bureau released its monthly new residential construction report for January 2021. It shows a rise in permits and starts of multifamily housing units but a drop in unit completions. Multifamily housing construction permits...
Construction headwinds pick up in January
Housing production softened in January as rising lumber prices continue to affect the housing industry. Overall housing starts decreased 6.0 percent to a seasonally adjusted annual rate of 1.58 million units, according to a report from the...
Multifamily mortgage originations rebound in Q4
A report from the Mortgage Banker’s Association (MBA) says that the multifamily mortgage market rebounded in Q4 of 2020 with originations reaching a multi-year high. Multifamily mortgage lending surges The first chart, below, shows the quarterly...
Record-high lumber prices are hammering housing affordability
Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector from moving the economy forward, according to the National...
Rents show signs of stabilizing in January
The latest rent reports from Yardi Matrix and Apartment List show positive rent growth for the country as-a-whole in January. Rents rise in January Yardi Matrix reported that the national average apartment rent rose $3 (0.2...
Multifamily housing down in 2021 but will rebound in 2022
Regulatory and supply-side challenges coupled with slowing rent growth and rising vacancy rates will weaken the multifamily construction market in 2021. However, the development market should stabilize by 2022, according to economists from the National Association of Home...
$172.9 million in financing secured for 1,334 multihousing units across the U.S.
JLL Capital Markets announced that it has arranged $172.9 million in financing for 14 multihousing properties, totaling 1,334 units, located throughout the U.S. JLL worked on behalf of multiple southern California-based borrowers to originate the 14...
NMHC expands, strengthens its commitment to diversity, equity and inclusion in the multifamily industry
The National Multifamily Housing Council (NMHC) announced new programs and resources dedicated to building on NMHC’s work for the past decade promoting diversity, equity and inclusion as a multifamily business imperative key to innovation...
NAHB identifies top features and design trends for 2021 in the wake of COVID-19
After declining for four years, a number of key trends-including the average size of the home and the number of bedrooms and bathrooms-reversed course in 2020 as a result of shifting buyer preferences in the wake of...
Power Hitters with Walter Hughes
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Walter R. Hughes, CIO of Humphreys & Partners Architects.
