Apartment Construction Took Longer in 2018

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 16.2 months, according to the 2018 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time has been on an upward trend since 2013.   The average time to build multifamily homes varies with the number

Apartment Construction Took Longer in 20182019-09-23T03:41:23+00:00

Examining the Spatial Distribution of Rental Housing

With disruption to home construction from the Great Recession and more recently, declining affordability of homeownership, the number of renters in the US has expanded, reaching 109 million in 2017 or 34 percent of the population (up from 89 million and 30 percent in 2007). As renting becomes more common, it is important

Examining the Spatial Distribution of Rental Housing2019-09-21T03:40:41+00:00

Fed Lowers Rates in September

The Federal Reserve reduced the key, short-term federal funds rate by 25 basis points to a top rate of 2% at the conclusion of its September Federal Open Market Committee (FOMC) meeting. This was the second cut in 2019, partially reversing a set of increases enacted in 2018. The more dovish stance of

Fed Lowers Rates in September2019-09-19T03:40:00+00:00

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