NMHC on Apartments: "Tighter Market Conditions" in July Survey
calculatedrisk.substack.com/p/nmhc-on-ap...
calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: "Tighter Market Conditions" in July Survey
From the NMHC: NMHC Survey Shows Tighter Apartment Market Conditions Amid Pullback in Capital Availability
calculatedrisk.substack.com
July 23, 2026 at 6:12 PM
NMHC on Apartments: "Tighter Market Conditions" in July Survey
calculatedrisk.substack.com/p/nmhc-on-ap...
calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: "Lower rent growth and higher vacancies" in Q4
calculatedrisk.substack.com/p/nmhc-on-ap...
calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: "Lower rent growth and higher vacancies" in Q4
Leading indicator for Rents and Apartment Vacancies Negative in Q4
calculatedrisk.substack.com
January 22, 2026 at 7:44 PM
NMHC on Apartments: "Lower rent growth and higher vacancies" in Q4
calculatedrisk.substack.com/p/nmhc-on-ap...
calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market conditions "Soften" in Q3 calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market conditions "Soften" in Q3
Leading indicator for Rents and Apartment Vacancies Negative in Q3
calculatedrisk.substack.com
October 24, 2025 at 2:37 PM
NMHC on Apartments: Market conditions "Soften" in Q3 calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market conditions Tightened in Q1 pre-Tariffs calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market conditions Tightened in Q1 pre-Tariffs
Leading indicator for Rents and Apartment Vacancies turned slightly positive in Q1, before Tariff Announcement
calculatedrisk.substack.com
April 22, 2025 at 1:49 PM
NMHC on Apartments: Market conditions Tightened in Q1 pre-Tariffs calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market Tightness "mostly unchanged" in April Survey
Multifamily executives have lowered their expectations for total 2026 multifamily starts
calculatedrisk.substack.com/p/nmhc-on-ap...
Multifamily executives have lowered their expectations for total 2026 multifamily starts
calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market Tightness "mostly unchanged" in April Survey
Multifamily executives have lowered their expectations for total 2026 multifamily starts
calculatedrisk.substack.com
April 23, 2026 at 5:03 PM
NMHC on Apartments: Market Tightness "mostly unchanged" in April Survey
Multifamily executives have lowered their expectations for total 2026 multifamily starts
calculatedrisk.substack.com/p/nmhc-on-ap...
Multifamily executives have lowered their expectations for total 2026 multifamily starts
calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: "Looser market conditions for the tenth consecutive quarter"
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-on-ap...
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: "Looser market conditions for the tenth consecutive quarter"
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments
calculatedrisk.substack.com
January 22, 2025 at 5:17 PM
NMHC on Apartments: "Looser market conditions for the tenth consecutive quarter"
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-on-ap...
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market conditions Tightened in Q2 calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market conditions Tightened in Q2
Leading indicator for Rents and Apartment Vacancies Slightly Positive for 2nd Consecutive Quarter
calculatedrisk.substack.com
July 21, 2025 at 5:58 PM
NMHC on Apartments: Market conditions Tightened in Q2 calculatedrisk.substack.com/p/nmhc-on-ap...
I spoke with a senior analyst at the NMHC. In this survey they didn’t ask specifically about the impact of immigration policy, however they heard policy is negatively impacting rents & vacancies in South Florida.
1/2
1/2
NMHC on Apartments: Market conditions "Soften" in Q3 calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: Market conditions "Soften" in Q3
Leading indicator for Rents and Apartment Vacancies Negative in Q3
calculatedrisk.substack.com
October 24, 2025 at 2:55 PM
I spoke with a senior analyst at the NMHC. In this survey they didn’t ask specifically about the impact of immigration policy, however they heard policy is negatively impacting rents & vacancies in South Florida.
1/2
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Where is the NMHC on this???
September 9, 2026 at 4:31 PM
Where is the NMHC on this???
The YIMBYs pretend their politics aren't simply a liberal veneer for the interests of Big Real Estate, and they'll say stuff like, "developers and landlords aren't the same and we support the one but not the other!" Turns out landlords love YIMBYs www.connectcre.com/stories/nmhc...
NMHC Applauds Creation of Bipartisan Congressional YIMBY Caucus - Connect CRE
A bipartisan group of lawmakers in the U.S. House of Representatives has launched the Congressional Yes In My Back Yard (YIMBY) Caucus. Reportedly the first of its kind in the House, the caucus will p...
www.connectcre.com
November 25, 2024 at 9:18 PM
The YIMBYs pretend their politics aren't simply a liberal veneer for the interests of Big Real Estate, and they'll say stuff like, "developers and landlords aren't the same and we support the one but not the other!" Turns out landlords love YIMBYs www.connectcre.com/stories/nmhc...
They are the 4th and 6th largest owners of apartments in the country, per the NMHC rankings. The combined company will be the largest apartment owner in the country with 170K+ units. The two previously had teamed up to buy Archstone from the Lehman bankruptcy.
May 20, 2026 at 11:11 PM
They are the 4th and 6th largest owners of apartments in the country, per the NMHC rankings. The combined company will be the largest apartment owner in the country with 170K+ units. The two previously had teamed up to buy Archstone from the Lehman bankruptcy.
We honor all who have served our nation with courage and dedication.
In observance of Veterans Day, HCA offices will be closed Tuesday, November 11. #VeteransDay #ThankYouVeterans #NMHCA #HonorAndRespect
In observance of Veterans Day, HCA offices will be closed Tuesday, November 11. #VeteransDay #ThankYouVeterans #NMHCA #HonorAndRespect
November 11, 2025 at 1:55 PM
Great #Mistletoe thread below from our friend @biolliegist.bsky.social!
Check out Ollie's flash talk from the recent British & Irish Botanical Conference:
www.youtube.com/watch?v=NMHc...
Check out also this paper from Jonathan Briggs, the Mistletoe Guru: britishandirishbotany.org/index.php/bi...
Check out Ollie's flash talk from the recent British & Irish Botanical Conference:
www.youtube.com/watch?v=NMHc...
Check out also this paper from Jonathan Briggs, the Mistletoe Guru: britishandirishbotany.org/index.php/bi...
December 21, 2024 at 3:47 PM
Great #Mistletoe thread below from our friend @biolliegist.bsky.social!
Check out Ollie's flash talk from the recent British & Irish Botanical Conference:
www.youtube.com/watch?v=NMHc...
Check out also this paper from Jonathan Briggs, the Mistletoe Guru: britishandirishbotany.org/index.php/bi...
Check out Ollie's flash talk from the recent British & Irish Botanical Conference:
www.youtube.com/watch?v=NMHc...
Check out also this paper from Jonathan Briggs, the Mistletoe Guru: britishandirishbotany.org/index.php/bi...
The National Multifamily Housing Council (NMHC) reports production by the Top 25 developers every year. Federal Reserve tracks private debt conduits, which banks and industry typically use for their debt market share reporting.
April 13, 2026 at 1:38 PM
The National Multifamily Housing Council (NMHC) reports production by the Top 25 developers every year. Federal Reserve tracks private debt conduits, which banks and industry typically use for their debt market share reporting.
Addendum: NMHC does not appear to include Blackstone, which owns ~240k MF units via BREIT. Doesn’t change the reality that apartments are almost unbelievable fragmented.
So if I’m reading this right the Blackstone REIT claims 262k rental housing units, 53% of their overall real estate value, of which 44% is a non-single family category — i.e. multifamily, student, and affordable housing. I think that’s like 217k apartments. www.breit.com/portfolio/
BREIT Portfolio | Blackstone Real Estate Income Trust
Blackstone Real Estate Income Trust (BREIT) invests in high-quality, stabilized, income-generating real estate in high conviction sectors and markets.
www.breit.com
June 4, 2024 at 12:47 PM
Addendum: NMHC does not appear to include Blackstone, which owns ~240k MF units via BREIT. Doesn’t change the reality that apartments are almost unbelievable fragmented.
And NAHB gets four guaranteed committee seats on IRC committees, while NMHC gets zero guaranteed seats on IBC committees (and the one “developer” seat on the larger IBC committees goes to NAHB, not NMHC).
April 30, 2025 at 2:51 PM
And NAHB gets four guaranteed committee seats on IRC committees, while NMHC gets zero guaranteed seats on IBC committees (and the one “developer” seat on the larger IBC committees goes to NAHB, not NMHC).
I have a few theories. One is that the multifam was at its nadir in the 1990s and early 2000s when, for example, the ICC process was created and it was determined who gets institutional representation (NAHB) and on what committees (mostly IRC committees, not IBC ones), and who doesn’t (NMHC).
April 30, 2025 at 2:21 PM
I have a few theories. One is that the multifam was at its nadir in the 1990s and early 2000s when, for example, the ICC process was created and it was determined who gets institutional representation (NAHB) and on what committees (mostly IRC committees, not IBC ones), and who doesn’t (NMHC).
NMHC: "Apartment Market Continues to Loosen"
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-apart...
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-apart...
January 22, 2024 at 6:47 PM
NMHC: "Apartment Market Continues to Loosen"
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-apart...
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-apart...
Landlords benefitted from the enhanced unemployment benefits enacted in the CARES Act, because tenants used it to pay rent, the emergency rental assistance in the ARP, plus the CARES Act loan programs
In the landlords' own words: "the proverbial ‘shoe’ never dropped . . . The cliff never came"
In the landlords' own words: "the proverbial ‘shoe’ never dropped . . . The cliff never came"
![RESIDENTS PRIORITIZED RENT
At the outset, a few alarms went off. “The first report was not so great,” Schwartz said. “Collection levels were lower than I
expected [at 69.2 percent]. It quickly became alarming info that was flashing across the bottom of the CNN telecast. But it
turned out to be more of an aberration because the first day of the month that month fell on a Sunday. [NMHC] adjusted
how we defined the rent payment due date and what was considered ‘late’ for renters and the collection percentages
improved [to 78.0 percent] from there.”
“As we moved along with the survey, the proverbial ‘shoe’ never dropped,” Zrimsek added. “The cliff never came.”
For Jay Parsons, vice president, head of economics and industry principal at RealPage, the big surprise in the data was
“the resilience of apartment renters. While a small share did indeed struggle and that warrants attention, the good news is
the vast majority of renters were able and willing to pay the rent.”
“Delinquency could have been much worse with the magnitude of job loss early in the pandemic,” said Laurie Baker, COO
at Camden Property Trust.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:ccm7gttkbfs2eyyrlpshmeun/bafkreianfc7vyioafl6ywgmeaewlcczqwtkm2eo72nadnree5nfcljslxy)
March 5, 2026 at 3:31 AM
Landlords benefitted from the enhanced unemployment benefits enacted in the CARES Act, because tenants used it to pay rent, the emergency rental assistance in the ARP, plus the CARES Act loan programs
In the landlords' own words: "the proverbial ‘shoe’ never dropped . . . The cliff never came"
In the landlords' own words: "the proverbial ‘shoe’ never dropped . . . The cliff never came"
🎉 What a night at the #SplashAwards! Not one, but three awards!
🏆 Winner, Government Category for the Mentally Healthy Workplaces Platform with NMHC 🙌
🏆 Runner up, Education Category for the Bond University website 🙌
Aaand... 🥁
🏆 Best in Show for the Mentally Healthy Workplaces Platform with NMHC 🙌
🏆 Winner, Government Category for the Mentally Healthy Workplaces Platform with NMHC 🙌
🏆 Runner up, Education Category for the Bond University website 🙌
Aaand... 🥁
🏆 Best in Show for the Mentally Healthy Workplaces Platform with NMHC 🙌
December 9, 2024 at 9:20 PM
🎉 What a night at the #SplashAwards! Not one, but three awards!
🏆 Winner, Government Category for the Mentally Healthy Workplaces Platform with NMHC 🙌
🏆 Runner up, Education Category for the Bond University website 🙌
Aaand... 🥁
🏆 Best in Show for the Mentally Healthy Workplaces Platform with NMHC 🙌
🏆 Winner, Government Category for the Mentally Healthy Workplaces Platform with NMHC 🙌
🏆 Runner up, Education Category for the Bond University website 🙌
Aaand... 🥁
🏆 Best in Show for the Mentally Healthy Workplaces Platform with NMHC 🙌
Our national housing affordability crisis is not a Republican issue or a Democratic issue—it’s an American issue.
That’s why I’m working with Rep. Flood to craft bipartisan solutions that will lower costs for families nationwide.
Great to sit down with NMHC to discuss our work.
That’s why I’m working with Rep. Flood to craft bipartisan solutions that will lower costs for families nationwide.
Great to sit down with NMHC to discuss our work.
September 17, 2025 at 5:36 PM
Our national housing affordability crisis is not a Republican issue or a Democratic issue—it’s an American issue.
That’s why I’m working with Rep. Flood to craft bipartisan solutions that will lower costs for families nationwide.
Great to sit down with NMHC to discuss our work.
That’s why I’m working with Rep. Flood to craft bipartisan solutions that will lower costs for families nationwide.
Great to sit down with NMHC to discuss our work.
• NMHC on Apartments: Market conditions Tightened in Q1 pre-Tariffs calculatedrisk.substack.com/p/nmhc-on-ap...
• Lawler: Early Read on Existing Home Sales in March calculatedrisk.substack.com/p/lawler-ear...
• California Home Sales Up 4.9% YoY in March calculatedrisk.substack.com/p/california...
• Lawler: Early Read on Existing Home Sales in March calculatedrisk.substack.com/p/lawler-ear...
• California Home Sales Up 4.9% YoY in March calculatedrisk.substack.com/p/california...
California Home Sales Up 4.9% YoY in March; 4th Look at Local Housing Markets
Here a few more local markets prior to the NAR release on Thursday.
calculatedrisk.substack.com
April 26, 2025 at 7:03 PM
• NMHC on Apartments: Market conditions Tightened in Q1 pre-Tariffs calculatedrisk.substack.com/p/nmhc-on-ap...
• Lawler: Early Read on Existing Home Sales in March calculatedrisk.substack.com/p/lawler-ear...
• California Home Sales Up 4.9% YoY in March calculatedrisk.substack.com/p/california...
• Lawler: Early Read on Existing Home Sales in March calculatedrisk.substack.com/p/lawler-ear...
• California Home Sales Up 4.9% YoY in March calculatedrisk.substack.com/p/california...
NMHC on Apartments: "Looser market conditions for the ninth consecutive quarter"
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-on-ap...
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-on-ap...
NMHC on Apartments: "Looser market conditions for the ninth consecutive quarter"
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments
calculatedrisk.substack.com
October 21, 2024 at 3:01 PM
NMHC on Apartments: "Looser market conditions for the ninth consecutive quarter"
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-on-ap...
Leading indicator for Rents and Apartment Vacancies suggests more weakness for Apartments calculatedrisk.substack.com/p/nmhc-on-ap...
