Items Tagged with 'Multifamily construction'

ARTICLES

  • New study shows NIMBYism is the biggest multifamily construction barrier

    National Apartment Association releases new report on apartment construction barriers
    According to a new study, NIMBYism is standing in the way of more affordable apartment construction across the U.S. As rents continue to rise, a new study from the National Apartment Association analyzed the factors in 29 major metros that make multifamily apartment construction more difficult to achieve nationwide.
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  • Rising construction costs are making multifamily developers a little queasy about the market

    The Multifamily Production Index inches backwards to 48
    Rising construction costs contributed to multifamily developers’ confidence weakening further in the fourth quarter of 2018, according to the National Association of Home Builders. NAHB Multifamily Council Chairman Steve Lawson said: "Rising construction costs and difficulty with getting projects approved have made building particularly challenging in some parts of the country."
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  • Here are the markets where the most apartments were built in 2018

    CBRE report shows top 20 markets for apartment completions
    Thanks to a report last week from CBRE, we already know that construction activity in multifamily real estate last year was more robust than almost any other year since the 1980s. According to the CBRE report, there were 267,900 units completed in 2018, slightly lower than the previous high of the last 30+ years, which just so happened to be set in 2017. But where are all those apartments being built?
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  • Multifamily real estate just had its best year since 2000

    Net absorption rose to highest level this century
    By just about any way you look at it, 2018 was the best year for multifamily real estate this century: Renters paid more for housing than they ever have before, Freddie Mac and Fannie Mae both had banner years, commercial and multifamily debt hit an all-time high, all while delinquencies remained at historic lows. And now, we have clear evidence that last year was the market's best year since 2000.
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  • NAHB: Multifamily developers weighed down by affordability challenges

    Multifamily Vacancy Index reaches 8-year high
    Multifamily developers’ confidence showed signs of weakness in the third quarter of 2018, attributed to mounting affordability and inventory concerns. One expert said Q3's MPI is another signal to policymakers that they should be paying more attention to housing market conditions as interest rates increase.
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  • The Green Bay Packers want all the Millennials to live next door

    Team is making a play for Millennials with a mixed-use development across from Lambeau Field
    The Green Bay Packers are building more than 200 housing units, 150 of them for rent and 90 for sale, right across from Lambeau Field. According to a report from Bloomberg by Justina Vasquez and Patrick Clark, this residential project is phase two of the Packers mixed-use real estate bid for Millennial’s interest, Titletown.
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  • Zillow: The rent growth fever just broke

    For the first time in six years, year-over-year rent growth is flat
    The rent growth fever may have just broken. For the first time in six years, year-over-year rent growth is flat. According to a new report from Zillow, the national median rent in August came in at $1,440, unchanged from a year ago. This is the sixth consecutive month of slowing rent growth and month 27 of sub-3% annual growth.
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  • Is the U.S. rental market tilted against low-income renters?

    A panel of experts explores the issue in a roundtable conversation at Wharton School
    Is the U.S. rental market helping to increase inequality? More and more, Americans are turning to renting out of necessity, as the first rung of the property ladder is pulled farther and farther from the ground. But now, thanks to the gargantuan demand for rental units, even finding a rental dwelling is becoming less and less affordable for low-income earners.
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