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Community Development Digest


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Residential Construction Activity for November

The Department of Housing & Urban Development (HUD) and the U.S. Census Bureau announce the following new residential construction statistics for November 2014:

posted 12/17/14 07:20 AM  read complete story

City Nixes Low-Income Housing Plan

Officials in Amherst, NY reject a plan by a Cleveland, OH-based developer to buy and rehabilitate a low-income apartment complex in the Buffalo suburb with low-income housing tax credits.

posted 12/12/14 05:43 AM  read complete story

New Residential Construction Stats for September 2014

The Department of Housing & Urban Development (HUD) and the Census Bureau announce new residential construction statistics for September 2014:

posted 10/17/14 07:41 AM  read complete story

Nation’s Apartment Market Earns Healthy 4.0% for 3Q

There's good news for multi-family housing developers. The nation’s apartment market continued to gain strength in the third quarter of 2014.

posted 9/29/14 1:55 PM  read complete story

HUD Releases Housing Data for August

Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 998,000. This is 5.6% (±1.4%) below the revised July rate of 1,057,000 and is 5.3% (±1.7%) above the August 2013 estimate of 948,000.

posted 9/18/14 10:36 AM  read complete story

HUD, Census Bureau Report New Home Sales for June

Sales of new single-family houses in July 2014 were at a seasonally adjusted annual rate of 412,000, according to estimates released jointly this week by the U.S. Census Bureau and the Department of Housing and Urban Development.

posted 8/26/14 09:19 AM  read complete story

Apartment Market Continues Strong Growth

The U.S. apartment market continued its amazingly strong 2014 in July, as effective rent growth increased once again, occupancy remained steady and fewer concessions were offered, according to Axiometrics’ monthly apartment market trends report.

posted 8/20/14 11:13 AM  read complete story

Housing Starts Surge after Building Confidence Rises

Building permits increased 8.1% from June to July and housing starts in July were up 15.7% from June.

posted 8/20/14 11:02 AM  read complete story

Obama Administration Unveils June Housing Scorecard

The latest data show progress among key indicators, including growing equity and a rebound in the sale of new and existing homes. While this scorecard notes positive overall trends in the housing market, officials caution that more work needs to be done as the economy recovers from the Great Recession.

posted 7/10/14 6:21 PM  read complete story

Millennials Seen as Key to Housing Recovery

Cash-strapped, job-starved Millennials born during the 20-year span surrounding the turn of the century are key to recovery of the housing market from the crash of 2008. The finding is the core of the annual study of housing by the Joint Center for Housing Studies of Harvard University. The State ...

posted 7/4/14 5:14 PM  read complete story

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