Tag: Washington DC
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...
More than 700 residential construction workers discuss housing issues in hill visits
More than 700 builders, remodelers and associates engaged in all facets of residential construction marched on Capitol Hill to call on Congress to take...
Single-family construction slowdown less pronounced in lower density markets
While single-family home building has slowed significantly from pandemic-fueled highs because of higher interest rates and construction costs, the slowdown is less pronounced in...
Lack of resales provides boost to new home sales in April
Stabilizing mortgage rates and a lack of resale inventory provided a boost for new home sales in April, even as builders continue to wrestle...
Housing Affordability Coalition statement on congressional letter on housing policy solutions
19 national real estate associations joined together to release a letter to policymakers urging Congress to work with the Biden Administration, housing providers, lenders...
Two-year pilot program confirms need for mental health resources in construction
A pilot program focused on mental health issues in the residential construction industry recently confirmed the need for a more deliberate and permanent effort...
Single-family starts show gradual improvement in April
A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as...
Lack of existing inventory boosts builder confidence to key marker
Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as...
HUD strengthens standards and aligns inspection regulations for HUD assisted housing
The U.S. Department of Housing and Urban Development (HUD) published the Final Rule for the National Standards for the Physical Inspection of Real Estate...
New CEO to take the helm at the National Association of Home Builders
The National Association of Home Builders (NAHB), a Washington, D.C.-based trade association representing the housing industry, has named James W. Tobin III as the...
Market continues to loosen, transactions pull back amidst economic uncertainty
Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions for April 2023, as the...
JLL Capital Markets welcomes Senior Director Reina Abboud
JLL Capital Markets announced that it has hired industry professional Reina Abboud as a Senior Director with the firm’s Washington, D.C. office. She will focus...
Lack of existing inventory continues to support builder sentiment
Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues...
2023 NMHC 50 highlights a tumultuous year for multifamily with market improvements expected
Pandemic-related household growth and economic impacts resulted in a complicated 2022 for the multifamily industry. An extremely tight market in the first quarter of...
