Thursday, November 14, 2019

Apartment watch

Things to watch, what to know, in your apartment operation

Trump administration announces continued decline in veteran homelessness

During a press conference at Harbor Homes in Manchester, New Hampshire, U.S. Housing and Urban Development (HUD) Secretary Ben Carson announced veteran homelessness in the U.S. continues to decline according to a new national...

NMHC & Kingsley 2020 Apartment Resident Preferences Report takes residents’ pulse on top leasing...

From must-have technology to popular pet perks, the 2020 Apartment Resident Preferences Report released today by the National Multifamily Housing Council (NMHC) and Kingsley Associates provides an exhaustive look at what apartment residents want...

Secretary Carson asks the FTC to investigate websites selling assistance animal documentation

Recently, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson wrote to Chairman of the U.S. Federal Trade Commission (FTC) Joseph J. Simmons and Director of the Bureau of Consumer Protection Andrew...

LEED reaches new milestone, surpasses 100,000 commercial green building projects

The U.S. Green Building Council (USGBC) is celebrating a new LEED milestone, announcing it has surpassed 100,000 registered and certified LEED commercial projects. “In 1998, we created LEED to measure and define what green building...

Lower mortgage rates push housing affordability to highest level in three years

With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the National Association of...

Greystar announces $2 billion final close for 10th U.S. Multifamily Value-Add Real Estate Fund

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development and management of high-quality rental housing properties, announced, on behalf of its affiliates, the final close of Greystar Equity Partners X...

55+ housing market on steady rise

Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72, according to the National Association of Home Builders' (NAHB) 55+...

Affordable Housing Credit Improvement Act gains momentum

Currently under consideration in both chambers, the Affordable Housing Credit Improvement Act of 2019 (AHCIA) has 153 cosponsors in the House, as well as 25 cosponsors in the U.S. Senate, amounting to one-fourth of...
Ellis Avenue Condominium Project

Housing group sues Huntington Beach

Californians for Homeownership, a nonprofit organization sponsored by the California Association of Realtors (CAR) that aims to address California's housing crisis through impact litigation, today announced that it has filed a lawsuit against the City...

Borrowers gain clarity with Carson-Barr agreement

U.S. Housing and Urban Development Secretary Ben Carson and U.S. Attorney General William Barr issued a Memorandum of Understanding (MOU) between the two agencies that sets prudential guidance on the appropriate use of the False...

Senior living community reputations succeed or fail based on quality of their staff, J.D....

The key to winning the hearts and minds of senior living community residents and their families is ensuring the facility has a great staff that communicates clearly, knows personal details about residents and makes...

HUD releases evaluation of rental assistance demonstration

In 2012, the U.S. Department of Housing and Urban Development (HUD) embarked upon a new program to address the critical capital needs of severely distressed public housing. Today, HUD released the results of an...

Rising rent control leading to falling development and investment

An increasing number of jurisdictions recently have imposed rent control or are seriously considering doing so, leading many market participants to reconsider their investment decisions, according to the NMHC's Quarterly Survey of Apartment Market...

Federal code mandates costly and the wrong approach to boost energy efficiency

The National Association of Home Builders (NAHB) urged Congress to oppose any federal mandates that require the adoption of more stringent building codes because it would harm housing affordability, prevent healthy competition in the...

NMHC releases latest student housing income and expense benchmarking survey

Proximity and building size drive rents for student housing properties according to the National Multifamily Housing Council 2019 Student Housing Income and Expense Report. “This report provides student housing operators and developers with critical financial...
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