NMHC/NAA statement on the FCC’s new multifamily broadband rule
Statement from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) on the FCC’s Report and Order and Declaratory Ruling in the matter of Improving Competitive Broadband Access to Multiple Tenant...
Institutional Property Advisors negotiates Metroplex Apartment Asset Sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Arioso, a 288-unit multifamily property in Grand Prairie, Texas. “Arioso’s location between Downtown Dallas and Downtown Fort Worth gives its residents...
The Mogharebi Group brokers sale of 108-unit multifamily community in Palm Springs, California for...
Multifamily brokerage firm The Mogharebi Group (TMG), representing a private investor based in Salt Lake City, Utah has successfully brokered the sale of a 108-unit apartment community in Palm Springs, Calif. for $19.7 million. Built...
Supply chain issues continue to slow housing
With builders continuing to report supply chain problems that are causing construction delays, overall housing starts decreased 4.1 percent to a seasonally adjusted annual rate of 1.64 million units, according to a report from the U.S. Department...
Multifamily mortgage originations leap higher in Q4
A report from the Mortgage Bankers’ Association (MBA) says that there was a sharp rise in multifamily mortgage originations in Q4 both on a quarter-over-quarter and on a year-over-year basis. Tracking multifamily mortgage originations The first...
Rents up in January
The latest rent report from Yardi Matrix shows that apartment rents are continuing to rise this year even during the winter months when they are usually flat. However, the pace of rent increases is...
ABI Multifamily brokers 180-unit Northeast Phoenix multifamily apartment community for $48 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $48,000,000 / $266,667 Per Unit / $421.20 Per SF sale of Ascent 1829 Apartments, a...
NAHB Power Hitters with Sanford Steinberg
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Sanford P Steinberg, Partner/CEO, Steinberg Dickey Collaborative, LLP. Transcript: NAHB Power Hitters interview. Linda Hoffman with Sanford Steinberg, recorded January 6, 2022 (music) Linda Hoffman:...
NAHB supports SkillsUSA and workforce development provides national carpentry winners with scholarships
The National Association of Home Builders (NAHB) has announced support for SkillsUSA, a national education nonprofit focused on workforce development. The 2022 sponsorship will support SkillsUSA's mission and scholarships for the national carpentry winners of the SkillsUSA Championships...
Construction materials prices continue to climb
The Bureau of Labor Statistics (BLS) released its producer price index report for January 2022. It showed that construction materials prices were up 2.9 percent in the month, seasonally adjusted. The index was 23.6...
Institutional Property Advisors brokers $193.5 million luxury multifamily asset sale in Scottsdale, Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Roadrunner on McDowell, a 356-unit multifamily asset in Scottsdale, Arizona. The property sold for $193.5 million, which equates to $543,539...
Builder confidence drops on supply-side constraints
Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects. Builder confidence in the market for newly built single-family...
NMHC, NAA release apartment industry’s 2022 policy priorities
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released the apartment industry’s 2022 policy priorities. On behalf of the apartment industry and our residents, NMHC and NAA are focusing on issues that...
Cushman & Wakefield arranges $105.6 million sale of The Carlyle of Sandy Springs
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Carlyle of Sandy Springs, a 389-unit multifamily community located in northern Atlanta. The sales price was $105.6...
Federal Housing Administration removes temporary COVID-19 underwriting mitigants for multifamily transactions
The Federal Housing Administration (FHA) announced at the Mortgage Bankers Association Commercial/Multifamily Finance Convention & Expo that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National...
