California Gov. Gavin Newsom announced the state’s Department of Housing and Community Development (HCD) will release $101 million to finance the rebuilding of affordable multifamily rental housing in the Greater Los Angeles Region. According to the governor’s office,...
The Kansas City-based private investment firm Platform Ventures is rolling out a multifamily development unit focused on ground-up apartment development and construction. In a statement, the company said it was pursuing this strategy because it “believes multifamily...
Builder confidence in the market for new multifamily housing declined year-over-year during the first quarter, according to the National Association of Home Builders’ (NAHB) Multifamily Market Survey. The Multifamily Production Index (MPI) had a reading of 44, down...
Hilltop Residential, a Houston-based real estate investment and management company, has launched Hilltop Residential Development, a new division dedicated to the ground-up construction of multifamily communities in high-growth markets. The expansion marks the...
Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in during 2024, according to a new data report from Redfin (NASDAQ: RDFN). Last year’s figures marked a 27.1% decline from 17 units per 10,000 people during the pandemic-era...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
