As rental demand heightens, the overall supply of low-rent units has fallen by 3.9 million over the last decade due to rent increases in existing units, building condemnations, and demolitions, according to the latest Joint Center for Housing Studies State of the Nation Housing report.
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HUD Houses More Than 100,000 Families Through ‘House America’ Initiative
HUD Secretary Marcia L. Fudge has surpassed her original goal of housing homeless individuals and was achieved by organizing leaders from 105 communities across 31 states and territories and the District of Columbia.
Read More »Ginnie Mae MBS Portfolio Reaches $2.25 Trillion in July
Ginnie Mae’s MBS portfolio grew for the 13th consecutive month in July, supporting over 155,000 affordable homeownership and rental units throughout the U.S., including approximately $1.85 billion in loans for multifamily housing.
Read More »Median Rental Prices Rise 13.6% YoY in September
Rent growth surpassed pre-COVID levels in some of the nation’s tech centers, hitting a new average high of $1,654 to end Q3.
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