Despite the pandemic, Austin, Dallas and Houston all built more housing last year. It still wasn't enough.

A lot of metros around the country saw the number of housing permits decline, especially in housing-starved California. But Texas went in the opposite direction. All four large metros in Texas—Houston, DFW, Austin, and San Antonio—saw housing production go up during the pandemic year. In terms of overall housing production during the 2020-2021 period, Houston and DFW…

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Industry groups urge Biden to let CDC eviction ban sunset

A broad swath of the housing industry is calling for the Biden administration to let the Centers for Disease Control (CDC) eviction ban lapse at the end of this month. In a letter, 12 industry groups including the National Association of Realtors, the National Multifamily Housing Council, which represents large rental landlords, the National Apartment…

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Fannie Mae Extends Covid-19 Landlord And Renter Protection

{{featured_button_text}} Fannie Mae announced today that it would extend its forbearance program on multifamily properties until Sept. 30, 2021. This means that Fannie borrowers who own multifamily properties that they rent out can ask their lender to push out their monthly payments due to financial hardship from the Covid-19 pandemic. In doing so, the borrower…

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Lumber prices triple, raising home prices by $36,000

Even with record-low interest rates, the American dream of owning a home is becoming further out of reach for a large portion of the population due to massive lumber price hikes. Lumber prices have tripled over the past 12 months, driving up the cost of the average new single-family home by $35,872, according to new…

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Houston Apartment Rents, Occupancy Up After Sluggish 2020

The story of 2020 was record home sales and a depressed apartment market. But in 2021, apartments seem to be coming back. To embed this piece of audio in your site, please use this code: <iframe src=”https://embed.hpm.io/397614/397612″ style=”height: 115px; width: 100%;”></iframe> After sliding during most of 2020, Houston apartment occupancy – and rents – are…

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Federal judge strikes down CDC eviction moratorium

BOSTON (AP) — A federal judge ruled Wednesday that the Centers for Disease Control and Prevention exceeded its authority when it imposed a federal eviction moratorium. The Justice Department said it would appeal the ruling from the U.S. District Court in Washington, D.C., meaning there won’t likely be any immediate impact on the ban, which…

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D-FW apartment rents are headed higher after a pause for COVID

Dallas-area apartment rents are rebounding after setbacks during the pandemic. Average North Texas apartment rent increases stalled in 2020 when the COVID-19 pandemic hit. Landlords increased the number of freebies used to attract renters. But with the economy opening up and migration to the area continuing, local rents are again headed higher. D-FW apartment rents…

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Texas Landlords Don’t Have To Disclose Flood Risk To Renters. A New Bill Would Change That

A neighborhood near Houston’s Addicks Reservoir flooded after heavy rains from Tropical Storm Harvey. Taken, Aug. 29, 2017. To embed this piece of audio in your site, please use this code: <iframe src=”https://embed.hpm.io/397288/397236″ style=”height: 115px; width: 100%;”></iframe> During a tour of a first-floor apartment in Cypress, Tracy Quach, a piano teacher looking for a home…

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