Multifamily

Housing Starts Fall 12.3% As Tariffs Draw Increased Concern

Filed in Economics, Home Building, Multifamily by on July 18, 2018 0 Comments
Housing Starts Fall 12.3% As Tariffs Draw Increased Concern

Total housing starts fell 12.3% in June to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from HUD and the Commerce Department.

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After Rush to Urbanize, Suburbs Again on Top

Filed in Land Development, Multifamily by on July 10, 2018 0 Comments
After Rush to Urbanize, Suburbs Again on Top

Populations in cities’ core urban areas grew at a rate that nearly matched growth in America’s suburbs, a sharp shift from a decades-long trend that prompted demographers to declare the 2010s “the decade of the city.”

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More Ways to Discover Affordable Housing Development Opportunities

More Ways to Discover Affordable Housing Development Opportunities

NAHB has added six new cities to its exclusive series of maps detailing metro areas where the Low Income Housing Tax Credit (LIHTC) is used to develop new affordable homes. Members can use these maps to better understand the distribution of LIHTC housing in select metropolitan areas and identify where additional housing may be needed.

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California Developer Helps Homeless Veterans

Filed in Awards, Multifamily, NAHB Cares by on July 2, 2018 0 Comments
California Developer Helps Homeless Veterans

In an effort to help a portion of the needy in the Los Angeles area, Mercy Housing California, a regional arm of the national nonprofit developer, created a plan and allocated the funding for a community of 40 furnished studio units for homeless military veterans in Los Angeles County.

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Housing Starts Reach Post-Recession High in May as Permits Soften

Filed in 55+ Housing, Home Building, Multifamily by on June 19, 2018 0 Comments
Housing Starts Reach Post-Recession High in May as Permits Soften

Total housing starts rose 5% in May to a seasonally adjusted annual rate of 1.35 million units, according to newly released data from HUD and the Commerce Department. This is the highest housing starts report since July 2007.

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Nearly One-Third of Multifamily Development Costs Stem From Regulations

Nearly One-Third of Multifamily Development Costs Stem From Regulations

Regulation imposed by all levels of government accounts for an average of more than 32% of multifamily development costs, according to new research released today by NAHB and the National Multifamily Housing Council.

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Senate Panel Approves $1.8 Billion Budget Increase for HUD

Filed in Capitol Hill, Housing Finance, Multifamily by on June 8, 2018 0 Comments
Senate Panel Approves $1.8 Billion Budget Increase for HUD

The Senate Appropriations Committee has unanimously approved $44.5 billion for HUD in fiscal 2019, which is $900 million more than the House legislation and $1.8 billion above the fiscal 2018 enacted level. The following are fiscal 2019 funding levels approved by the Senate panel for key HUD programs: The HOME program received $1.4 billion for […]

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Gothic Drama + Modern Lofts = Mixed-Use Success

Filed in Awards, Multifamily by on June 6, 2018 0 Comments
Gothic Drama + Modern Lofts = Mixed-Use Success

The Arcade, a 100-year-old office and retail block, stood empty in downtown St. Louis for 30 years. The roof had been neglected and water had streamed throughout the buildings, with the worst damage on the upper levels. Today, it’s a successful rental apartment building and Pillars of the Industry award winner.

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On Lumber, Trump is Listening

Filed in Home Building, Multifamily by on June 1, 2018 4 Comments
On Lumber, Trump is Listening

In an early morning tweet on Friday, President Trump laid out the issues, calling on Canada to “open their markets and take down their trade barriers” and referencing timber and lumber trade imbalances as a factor in sky-high costs.

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Multifamily Builders and Developers Remain Positive as Demand Continues

Filed in Economics, Multifamily by on May 24, 2018 0 Comments
Multifamily Builders and Developers Remain Positive as Demand Continues

Confidence in the multifamily housing market remained positive in the first quarter of 2018, according to the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI) released today by NAHB. The MPI remained unchanged from last quarter, coming in at a reading of 53, while the MVI remained essentially unchanged at 42.

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