Tag: Washington DC
Uncertain economic conditions continue to impact multifamily businesses
The June edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity found that multifamily development and construction firms continue to face...
DCHFA finances the rehabilitation of 394 affordable apartments in Ward 8
The District of Columbia Housing Finance Agency (DCHFA) issued $63.2 million in tax exempt bonds for the substantial rehabilitation of Worthington Woods Apartments on...
NMHC statement on today’s meeting with the Homes Guarantee Campaign
Today, NMHC met with representatives from the Homes Guarantee Campaign to learn more about their priorities and personal stories. While the meeting was unscheduled,...
New home sales jump in May
A lack of existing inventory coupled with solid consumer demand helped to boost new home sales in May to their highest level since February...
NAHB Publication offers inside look into the financial records of remodelers
Remodelers now have a unique opportunity to see how their business stacks up against the competition with a new publication from the National Association...
Single-family starts post solid gain in May
Limited existing inventory combined with solid demand and improving supply chains helped push single-family starts to an 11-month high in May. Overall housing starts in...
Builder confidence moves into positive territory in June
Solid demand, a lack of existing inventory and improving supply chain efficiency helped shift builder confidence into positive territory for the first time in...
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...
