Tag: Washington DC
New home sales cool in June on higher mortgage rates
Rising mortgage rates and elevated construction costs put a damper on new home sales last month. Sales of newly built, single-family homes in June fell...
Industry response to White House fee announcement
NMHC: NMHC members believe that transparency in the cost of rental housing is positive for renters and housing providers alike. While we support the voluntary...
Single-family starts decline in June but permits post solid gain
Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building...
Apartment market continues to loosen
Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for July 2023, as the...
Builder confidence edges higher despite rising rate concerns
Low existing inventory that is keeping demand solid for new homes helped to push builder confidence up in July even as the industry continues...
NMHC, NAA support the introduction of choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bipartisan legislation...
Uncertain economic conditions continue to impact multifamily businesses
The June edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity found that multifamily development and construction firms continue to face...
DCHFA finances the rehabilitation of 394 affordable apartments in Ward 8
The District of Columbia Housing Finance Agency (DCHFA) issued $63.2 million in tax exempt bonds for the substantial rehabilitation of Worthington Woods Apartments on...
NMHC statement on today’s meeting with the Homes Guarantee Campaign
Today, NMHC met with representatives from the Homes Guarantee Campaign to learn more about their priorities and personal stories. While the meeting was unscheduled,...
New home sales jump in May
A lack of existing inventory coupled with solid consumer demand helped to boost new home sales in May to their highest level since February...
NAHB Publication offers inside look into the financial records of remodelers
Remodelers now have a unique opportunity to see how their business stacks up against the competition with a new publication from the National Association...
Single-family starts post solid gain in May
Limited existing inventory combined with solid demand and improving supply chains helped push single-family starts to an 11-month high in May. Overall housing starts in...
Builder confidence moves into positive territory in June
Solid demand, a lack of existing inventory and improving supply chain efficiency helped shift builder confidence into positive territory for the first time in...
Best-in-class multihousing community in Washington, D.C. sells
JLL Capital Markets announced that it closed on the sale of The Shay, a 245-unit, best-in-class multihousing community located in the highly sought-after Shaw...
Housing affordability posts solid gain but still much lower from a year ago
Solid nominal wage gains (unadjusted for inflation) combined with lower mortgage rates and home prices helped to boost housing affordability at the start of...
