New Section 8 income rule would cap rent growth for LIHTC properties
On January 9, HUD proposed changes to how they calculate Section 8 income limits. The summary of the change as posted on the Regulations.gov website read in part: “The United States Housing Act of...
Construction material prices rise on higher lumber prices
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2020. It showed that the BLS price index of materials and components for construction was up 0.5 percent from June,...
Construction materials prices up despite lumber price drop
The Bureau of Labor Statistics (BLS) released its producer price index report for October 2020. It showed that the BLS index of construction materials prices was up 0.2 percent from September, seasonally adjusted. It...
Tightened rent control proposed in California
Assemblyman Ash Kalra (D-San Jose) has introduced AB 1157, which would tighten the provisions of California’s statewide rent control regime, which was introduced in the Tenant Protection Act of 2019. It would reduce the...
Emotional support animal vs person with allergies: Who wins?
The Iowa State Supreme Court looked at a conflict between two people, both requesting "reasonable accommodation," in a recent ruling.
Origins of the conflict
Karen Cohen has a severe allergy to pet dander. Because of this,...
California rent control update
A measure which would expand the number of properties in California which could be subject to rent control is working its way through the State Senate. The bill, SB-466, would allow local jurisdictions to...
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...
Rental housing law in Colorado
Nexus Commercial Realty recently presented a webinar outlining legislation being considered which affects multifamily housing. While the focus of the webinar was on legislation pending in Colorado, many of the issues being discussed there...
HUD proposes 30 day eviction notice for PHAs and PBRA housing
The Department of Housing and Urban Development (HUD) is proposing a rule that would require public housing agencies (PHAs) and properties receiving project-based rental assistance (PBRA) to give tenants 30-day written notice prior to...
Lumber price surge drives construction material prices higher
The Bureau of Labor Statistics (BLS) released its producer price index report for September 2020. It showed that the BLS price index of materials and components for construction was up 2.1 percent from August,...
Plywood again leads construction materials prices higher
The Bureau of Labor Statistics (BLS) released its producer price index report for February 2022. It stated that construction materials prices were up 1.2 percent in the month, seasonally adjusted. The index was 23.5...
Lumber drives construction material prices higher again
The Bureau of Labor Statistics (BLS) released its producer price index report for August 2020. It showed that the BLS price index of materials and components for construction was up 0.9 percent from July,...
Construction materials prices edge higher as lumber rebounds
The Bureau of Labor Statistics (BLS) released its producer price index report for December 2020. It showed that the BLS price index of materials and components for construction was up 0.8 percent from November,...
Construction materials prices lower as lumber falls
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2020. It showed that the BLS price index of materials and components for construction was down 0.3 percent from October,...
CBRE looks at cap rate trends
CBRE released its semiannual cap rate survey for H1 2022. It found that investors expect cap rates to expand in light of rising interest rates. Survey participants also expect lending standards to tighten in...
