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Posts Tagged ‘ apartment ’

NMHC: Apartment Market Tightness Index Increased in April

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NMHC: Apartment Market Tightness Index Increased in April

The National Multifamily Housing Council (NMHC) released their April report: April NMHC Quarterly Survey Highlights Continued Strength of the Apartment Market he apartment market showed signs of strengthening in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2019. The Market Tightness (52), Equity Financing (53), and Debt Financing (81)...
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Reis: Apartment Vacancy Rate unchanged in Q1 at 4.8%

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Reis: Apartment Vacancy Rate unchanged in Q1 at 4.8%

Reis reported that the apartment vacancy rate was at 4.8% in Q1 2019, unchanged from 4.8% in Q4, and up from 4.7% in Q1 2018.  This ties the last two quarters as the highest vacancy rate since Q3 2012. The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.1%...
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Thursday: ADP Employment, Unemployment Claims, ISM Non-Mfg, Apartment Survey

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Thursday: ADP Employment, Unemployment Claims, ISM Non-Mfg, Apartment Survey

Thursday:• At 8:15 AM ET, the ADP Employment Report for December. This report is for private payrolls only (no government). The consensus is for 172,000 payroll jobs added in December, down from 216,000 added in November. • At 8:30 AM, the initial weekly unemployment claims report will be released.  The consensus is for 260...
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Fannie Mae: “Millennials … Are the Driving Force Behind the Recent Surge in Apartment Demand”

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Fannie Mae: “Millennials … Are the Driving Force Behind the Recent Surge in Apartment Demand”

From Patrick Simmons at Fannie Mae: Housing Myths, Debunked: Millennials, Not Baby Boomers, Are the Driving Force Behind the Recent Surge in Apartment Demand By far, the most important generational driver of apartment demand growth between 2009 and 2014 was the Millennials. Millennials have been reaching adulthood and entering the housing market in large...
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Reis: Apartment Vacancy Rate decreased in Q1 to 4.1%

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Reis: Apartment Vacancy Rate decreased in Q1 to 4.1%

Reis reported that the apartment vacancy rate declined in Q1 2015 to 4.1%, down from 4.2% in Q4 2014, and the same as in Q1 2014. The vacancy rate peaked at 8.0% at the end of 2009. A few comments from Reis Senior Economist and Director of Research Ryan Severino: The apartment market pulled...
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NMHC Survey: Apartment Market Conditions Tighten slightly in July

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NMHC Survey: Apartment Market Conditions Tighten slightly in July

From the National Multi Housing Council (NMHC): Second Quarter Apartment Markets Mixed in Latest NMHC Survey While demand for apartment homes remained strong, rising interest rates exerted negative pressure on the industry’s ability to secure debt financing according to the National Multi Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions. Only the...
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Tuesday: Apartment Vacancy Rate

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Tuesday: Apartment Vacancy Rate

From Alan Zibel and Nick Timiraos at the WSJ: Watchdog to Set Loan Rules This week, the Consumer Financial Protection Bureau will define standards that all mortgage lenders are likely to follow when originating home loans. … The rules don’t specify a minimum down payment and instead focus on ensuring that banks document borrowers’...
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HUD suspends affordable housing apartment firm

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HUD suspends affordable housing apartment firm

The Department of Housing and Urban Development suspended James Grier and Philadelphia-based Mantua Gardens East Inc., a Section 8 apartment complex, from doing business with the government, alleging the company improperly threatened tenants with eviction and withdrew thousands of dollars from reserves without permission. HUD also proposed their debarments to prevent Grier and the...
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