Residential rents are at the crisis level, according to real estate economists who addressed a gathering of the National Association of Real Estate Editors in Miami last week. In addition to crowding out renters’ other budget items, including necessities such as dental care, the ongoing lack of affordability is hindering the market for home purchases.Read More
This year, real estate investment trusts (REITs) have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That is more than they raised during the previous five years. The low rates have allowed REITs to issue ten-year bonds with coupons as low as 2.75 percent. Plus, interest rate survey results from Trepp.Read More
U.S. homeownership rates continue to slide, single-family construction remains near historic lows, and existing-home sales have slowed, according to Harvard’s State of the Nation’s Housing 2015 report.Read More
The ULI Terwilliger Center for Housing has announced the finalists of this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award competition, a program that honors developments that ensure housing affordability for people with a range of incomes. The winners will be announced later this year during a general session at the 2015 ULI Fall Meeting in San Francisco.Read More
Railtown chronicles the latest chapter in the Los Angeles saga—the city’s transition from a smoggy, car-loving, freeway-dominated megacity to an emerging cluster of walkable urban centers linked by public transit, including light and heavy rail as well as buses.
Is increased construction good or bad for apartment real estate investment trusts (REITs)? This question took center stage last week with the release of May data on multifamily completions and permit activity by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Plus, interest rate survey results from Trepp.
Rather than picturing a nation scrambling for elusive funds to patch up these old facilities, author Hillary Brown envisions a smarter, less expensive, and more resilient way to build the next generation of U.S. infrastructure. The former director of New York City’s Office of Sustainable Design, the author is now principal in the firm New Civic Works and a professor at the City College of New York
New research suggests that the United States is still in the thick of a housing crisis as it relates to the accessibility of high-quality affordable housing for both homeowners and renters.
While many of the larger real estate investment trusts made presentations at the 2015 REITWeek Conference in New York, specialized trusts took center stage during a panel focused on how healthy real estate property fundamentals are benefiting the data center, cell tower, timber, advertising, and farmland sectors. Plus, interest rate survey results from Trepp.
The Connecticut Housing Finance Authority’s Small Multifamily Rental Development Strategy and the Palm Beach County Workforce Housing Program have been selected as finalists for the 2015 Robert C. Larson Housing Policy Leadership Award by the ULI Terwilliger Center for Housing.