Tag: Washington DC
$19.45 million in financing secured for Maryland multihousing community
JLL Capital Markets announced that it has arranged the $19.45 million in acquisition financing for River Bay Townhomes, a 173-unit, value-add multihousing community in...
Housing industry warns Biden on affordability
More than 10,000 members of the National Association of Home Builders (NAHB) sent a letter to President Biden calling on the White House to...
Declining affordability conditions put a damper on new home sales
Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March. Sales of newly built, single-family...
Housing market at inflection point as builder confidence continues to fall
Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing...
New Construction Quarterly Survey highlights longer delays and rising costs
The new NMHC Construction Quarterly Survey found that a majority (89 percent) of respondents reported experiencing construction delays, and, of those experiencing overall delays,...
Multifamily production at a two-year high as single-family starts remain firm
Despite production bottlenecks and rising construction costs, total housing starts led by a strong multifamily reading posted a solid gain in February as demand stays...
Diminished future sales expectations, rising costs lower builder confidence
Ongoing lumber and building material supply side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even...
Avanath Capital Management acquires 315-unit high rise apartment community in Washington D.C. for $103.5...
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired 2M Street Apartments, a 315-unit high rise apartment...
Industry applauds 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, bi-partisan legislation...
FHFA announces $1.138 billion investment in housing trust fund and capital magnet fund
On February 28, Federal Housing Finance Agency (FHFA) Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will...
Multifamily construction sentiment ends Q4 on positive note
Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to results from the Multifamily Market Survey (MMS)...
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...
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...
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...
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...
