The NAHB’s Eye on Housing recently crunched the numbers from the most recent BLS Producer Price Index, where the found that prices paid for goods used in residential construction (excluding energy) rose 0.7% in December and ended 2020 5.4% higher than December, 2019. Interestingly, they point out that over the course of 2020, building materials prices declined only 2 times. Continue reading HERE...
Bloomberg Law has reported that a federal judge in Texas has issued a preliminary injunction against the Biden administration’s waters of the US rule (aka WOTUS). However, the injunction only applies
The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,450,000, which is 9.8% higher than January’s revised number but is 18.4%
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,702 in February, the same as January’s figure. Yardi says year-over-year growth continued its downw