Your weekly news & updates

NMHC Says 77% of Apartment Households Paid Rent by June 6th, 2021

The National Multifamily Housing Council (NMHC) says that 77% of apartment households made a full or partial rent payment by June 6th, 2021. This figure is 3.8% lower than those who paid rent through June 6, 2020. Click here to read more.

Construction Spending Up 0.2% in April

The U.S. government is reporting that total construction spending in April was at a seasonally adjusted annual rate of $1,524.2 billion, which is 0.2% above March’s revised estimate. Click here to read more.

Big Cities Seek Ban on Natural Gas Going to Homes

The Wall Street Journal says several big cities are pursuing legislation to phase out natural gas for home cooking & heating, citing concerns over global-warming and climate change. Click here to read more.

Cash Sales are Rising Sharply

Recent data from the NAR’s Economist Outlook say that the share of all-cash sales to existing-home sales surged to 25% in April, 2021 as non-first-time buyers are paying all cash to increase the competitiveness of their offers, edging out first-time buyers. Click here to read more.

Renter Incomes at a Record High

Realpage.com says that while there is lots of talk about inflation there is some good news – the incomes of apartment renters are rising. They report that median household incomes for market-rate renters signing new leases is up 5.5% from two years ago. Click here to read more.

Zombie Foreclosures Increase 21% in Q2

According to ATTOM Data’s latest Vacant Property and Zombie Foreclosure Report, zombie foreclosures represent only one of every 12,256 homes in Q2. The report also says the number of Zombie homes sitting empty was up quarterly by 21%, and annually by 5.6%. Click here to read more.

Rentable Says June Rents Moving Up

Rentable says that the median nationwide rent price for one-bedroom units in June was $1,146 (up 1.34%) with two-bedroom units coming in at $1404 (up 1.23%). Click here to read more.

Arbor’s Single-Family Rental Investment Trends Report

According to Arbor’s Q1 2021 Single-Family Rental Investment Trends Report, if there were three real estate headlines to come out of the pandemic, they would focus on work-from-home trends, online retailing and single-family rentals (SFRs). Click here to read more.

AHS Profile of Owners and Renters

Infographic: What kind of homes are owners and renters living in? Using data from the latest American Housing Survey, today’s infographic from the Census Bureau illustrates the different kinds of housing types and sizes that owners & renters occupy. Click here to read more.