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Biden unveils housing proposal that includes nationwide cap on rent increases

Housing Wire

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation.

Landlords 470
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To lure more teachers, CO school districts enter the housing market

Housing Wire

Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post. The actions of these districts in Colorado is not unprecedented.

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Multifamily Building Permits Stall Despite Steady Apartment Demand

Appraisal Buzz

Two reasons builders are seeking fewer permits are: Elevated interest rates have made it more expensive to borrow money for construction projects, AND there’s already a near-record number of new multifamily units hitting the market due to a building boom in recent years, making it difficult for some property owners to find tenants.

Tenants 195
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Ron Terwilliger on how to make more affordable housing

Housing Wire

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. America suffers from a severe shortage of affordable homes. million homes.

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Biden Administration Looks to Cap Rent Hikes

Appraisal Buzz

elementor-widget-heading.elementor-heading-title.elementor-size-xxl{font-size:59px} Crackdown on rent hikes Some corporate landlords have taken advantage of the shortage of available housing stock by raising rents at a time when millions of Americans are struggling to cover monthly payments. elementor – v3.22.0 – 26-06-2024 */.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading.elementor-heading-title[class*=elementor-size-]>a{color:inherit;f

Landlords 435
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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development.

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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

Industrial real estate investors and developers can’t add new properties to the market fast enough. Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. Ask your current landlord.

Landlords 144