National
Average Apartment Rents Decreased by 4% Over Last 6 Months
Over the last six months, the average rent for an apartment has decreased by 4 percent or about $40 to an average of $961 per month
Lettire Presses on With NYC Affordable Housing
Private housing developers like Lettire Construction are pressing forward with affordable housing projects in the city.
MHN Interview with Stuart Saft: “There Will Be Large Number of MF Foreclosures by Mid-Year”
Stuart M. Saft is the new Chair of the Global Real Estate Practice at Dewey & LeBoeuf. He talks to MHN about the impending foreclosure crisis in the multifamily sector.
MyNew Place, Walk Score Form Partnership to Boost Walkable Communities
Apartment dwellers have typically focused on factors such as the length of their commute to work and the quality of schools when choosing which community to live in. But, a community’s walkability also seems to be playing a larger role in the decision-making process.
Maureen Friar Replaces Conrad Egan as President, CEO of NHC
Maureen Friar has been named president and CEO of the nonprofit National Housing Conference (NHC). Friar has established a distinguished and successful career in the housing field.
Real Estate Transaction Flow to Increase, Advisory Group Predicts
The velocity of real estate transactions should improve this year, with property pricing to stabilize as liquidity returns to the marketplace, with REITs playing a leading role in the revival, according to FTI Schonbraun McCann Group, the real estate advisory practice of FTI Consulting, Inc.
Insurance Companies Could Stand in for Commercial Banks As Financing Source in 2010
After a less than pleasant 2009, multifamily owners, developers and managers entered 2010 with grave reservations. While the free fall of the economy has ended, millions of people are left jobless and this will continue to have an impact on the multifamily sector, which depends heavily on household creation. So while most industry leaders are very optimistic about 2011 and 2012, they are sensing some hurdles in 2010. The good news is that opportunities are also being created.
Seniors Thinking About Seniors Housing Again?
Independent living seniors housing properties saw a mild uptick in occupancies between 2Q09 and 3Q09, from an average of 88.4 percent to 88.5 percent, according to the National Investment Center for the Seniors Housing & Care Industry.
McGraw-Hill Predicts Some Multifamily Construction Increases in ’10
In recently released reports, McGraw-Hill Construction is predicting a more vigorous pace of construction starts for some property types in some parts of the country in 2010 than last year, including an increase in multifamily construction.
Multifamily Starts See Increase, For Now
According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, homebuilding starts increased 2.8 percent in January 2010 to a seasonally adjusted annual rate of 591,000 units