Industry News

House Committee Passes FY-19 THUD Funding Bill; Modest Increases for Most Housing Programs

The US House of Representatives Appropriations Transportation, Housing & Urban Development Subcommittee released its draft FY-2019 T-HUD funding language on May 15 and approved the measure on May 16 by a voice-vote.   The full Appropriations committee subsequently passed the legislation with modest changes on May 23.  The legislation includes a net discretionary total of $43.6 […]

Making Sense of Jobs and Employment Data

Wall Street expectations were running high earlier this month in advance of the Bureau of Labor Statistics (BLS) March 2018 employment report. On the heels of February’s strong numbers and a string of seven straight years of private sector gains, investors projected 185,000 new jobs would be added to payrolls, and the unemployment rate would drop from its 5-month 4.1% plateau to 4.0%.

But, the anticipated April 6 report provided some lower than expected numbers—only 103,000 jobs were added in March and the unemployment rate stayed at 4.1% for a sixth consecutive month. Still there is no consensus if the news was good or bad for the economy with varied reactions from different parties.

While economists and politicians continue their debates, we cannot lose sight of the importance of these numbers to NH&RA members. In this article, I provide additional color around the monthly jobs numbers.

Economic and Fixed Income Insights, May 23, 2018

Presented by Stifel, Nicolaus & Company, Inc. Minutes from the Federal Open Market Committee’s May gathering indicated Fed officials are on track to raise rates again “soon,” and markets have priced a June hike as a near certainty.  The Committee’s view of the overall economy remains generally positive, but the sustainability of recent price pressures […]

Member News

Beacon Preserves Affordability of Brockton Housing Communities With $14.5 Million in MassHousing Financing

MassHousing has closed on a total of $14.5 million in affordable housing financing to Beacon Communities LLC, for the rehabilitation and preservation of affordability of 570 apartments at two related Brockton housing communities, the 300-unit Chatham West I and 270-unit Chatham West II.

Related California Property Receives Design Awards

The American Institute of Architects in San Francisco (AIASF) has honored Five 88 as 2018 Merit Design Award Winner.

Dominium and National Housing Trust Hosts Grand Re-Opening of Courtyard Apartments in Cincinnati, Ohio

Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the grand re-opening of Courtyard Apartments in Cincinnati, Ohio on Wednesday, May 16th. This re-opening celebrates a remodel of all 137 units and common spaces made possible by a partnership with the National Housing Trust.

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