Multifamily

FHFA Extends COVID-19 Multifamily Forbearance through June 30

Filed in Disaster Response, Multifamily by on March 4, 2021 0 Comments
FHFA Extends COVID-19 Multifamily Forbearance through June 30

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire March 31.

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Multifamily Construction Sentiment Declines in Fourth Quarter

Filed in Economics, Multifamily by on February 25, 2021 0 Comments
Multifamily Construction Sentiment Declines in Fourth Quarter

Confidence in the market for new multifamily housing declined in the fourth quarter of 2020, according to results from the Multifamily Market Survey (MMS) released today by NAHB.

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NAHB Opposes House Bill to Eliminate Carried Interest

Filed in Advocacy, Multifamily by on February 17, 2021 1 Comment
NAHB Opposes House Bill to Eliminate Carried Interest

Rep. Bill Pascrell (D-N.J.), along with Reps. Andy Levin (D-Mich.) and Katie Porter (D-Calf.), this week introduced H.R. 1068, the Carried Interest Fairness Act of 2021. The bill would impose a major tax increase on real estate by generally requiring carried interest to be classified as ordinary income rather than a capital gain. 

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Multifamily Housing Down in 2021 but Will Rebound in 2022

Filed in IBS, Multifamily by on February 11, 2021 0 Comments
Multifamily Housing Down in 2021 but Will Rebound in 2022

Regulatory and supply-side challenges coupled with slowing rent growth and rising vacancy rates will weaken the multifamily construction market in 2021. However, the development market should stabilize by 2022, according to NAHB economists who participated in an online press conference as part of the 2021 International Builders’ Show® virtual experience (IBSx).

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Biden Signs Memorandum to Advance Fair Housing

Filed in Legal, Multifamily by on January 26, 2021 0 Comments
Biden Signs Memorandum to Advance Fair Housing

President Biden today signed a presidential memorandum that directs HUD to examine the effects of the previous administration’s regulatory actions that may have undermined fair housing policies and laws. It directs HUD to take steps necessary based on that analysis to fully implement the Fair Housing Act’s requirements.

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CDC Extends Eviction Moratorium Through March 31

Filed in Disaster Response, Multifamily, Safety by on January 25, 2021 5 Comments
CDC Extends Eviction Moratorium Through March 31

The Centers for Disease Control and Prevention has announced it is extending the current order temporarily halting residential evictions until at least March 31, 2021. 

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NAHB to Recognize Best in Industry Through 3 Awards Programs

Filed in Awards, Membership, Multifamily by on January 22, 2021 2 Comments
NAHB to Recognize Best in Industry Through 3 Awards Programs

Although the awards will not be presented in person this year, NAHB will be recognizing top projects, products and leaders through three virtual awards events: the Best in American Living Awards, Pillars of the Industry Awards and The Nationals.

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Multifamily Construction Shifts to Lower-Density Markets

Filed in Economics, Multifamily by on December 14, 2020 0 Comments
Multifamily Construction Shifts to Lower-Density Markets

Housing demand for not only single-family homes, but multifamily developments as well, continued to shift to lower-density, more affordable markets in the third quarter of 2020, according to data from the latest NAHB Homebuilding Geography Index (HBGI).

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Marnella Homes Earns First 2020 NGBS Green Certification

Filed in Multifamily, Sustainability and Green Building by on December 8, 2020 3 Comments
Marnella Homes Earns First 2020 NGBS Green Certification

Washington-based Marnella Homes’ Greenwich Condos, located in Portland, Ore., was the first building to be NGBS Green Certified under the 2020 National Green Building Standard (NGBS).

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Finalists Announced for 2020 Multifamily Pillars of the Industry Awards

Filed in Awards, Membership, Multifamily by on November 24, 2020 0 Comments
Finalists Announced for 2020 Multifamily Pillars of the Industry Awards

NAHB announced 64 finalists for the 2020 Multifamily Pillars of the Industry Awards, competing in 25 categories. Finalists were selected from 150 entries by a panel of 10 judges, comprising industry professionals from a variety of multifamily-related backgrounds.

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