HUD orders housing agencies to verify tenant eligibility
According to HUD officials, a recent audit identified nearly 200,000 tenants whose eligibility requires verification.
Multifamily Housing
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Lennar sells majority stake in multifamily business, signaling strategic shift
Lennar sold a majority stake in Quarterra to TPG amid a $75 million loss in 2025, enabling the builder to focus more on core homebuilding.
PadSplit expands co-living services to 4 new cities
Founded in 2017, PadSplit operates in more than 35 markets and has listed more than 28,000 rooms, housing 65,000-plus people.
Glut of new supply drags down BTR and multifamily rental rates in the Sun Belt
Rents for multifamily and built-to-rent homes declined in Sunbelt markets amid new supply, but Midwest and Northeast cities saw growth. National occupancy remained steady.
Section 8 use barriers analyzed in new study
While the Section 8 program enables more than 2 million low-income families each year to rent housing, thousands of vouchers go unused.
Miami luxury home prices soar to $1.13 million, nearly triple national average
Miami’s luxury real estate market shows exceptional strength with average prices at $1.13M, triple the national average. New construction and future builds command even higher premiums.
Amazon-backed affordable housing hits Seattle milestone
Amazon’s fund originally pledged to support 20,000 units across Seattle, Nashville, and Arlington, Virginia, and it has surpassed that.
LISC appoints Valerie White to lead national housing strategy
White will oversee the organization’s national housing investments, with a focus on affordable housing.
Rent collections improve slightly, but late payments signal strain
Compared with August 2024, the on-time payment rate is down 216 basis points. That marks the 25th consecutive month of annual declines.
WFG National Title added to Fannie Mae’s multifamily approval list
WFG provides escrow services and funding functions on behalf of its agents, a capability now required for Fannie Mae multifamily closings.