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Volume 5 - Number 12 | June 26, 2007
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TOP STORY: More Homeowners See Benefits to Renting
By Sule Aygoren Carranza
More than half of a group of homeowners polled nationwide say there are benefits to renting an apartment versus owning a home. According to a survey by the National Apartment Association, 65% of 2,118 homeowners polled view renting more favorably than they did before.
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NYC HDC Depletes Funds After Financing 2,285 Units
By Sule Aygoren Carranza
The New York City Housing Development Corp. has tapped out its coffers with a $320-million financing package awarded to 36 buildings throughout the city. The funds will help build or preserve 2,285 affordable housing units.
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Data Points: Starts, Permits Remain Choppy
After a 7.1% decline in March and a 4.4% uptick in April, multifamily starts rose 2.8% in May to 271,000 units on a seasonally adjusted basis. The 12-month rolling average, notes Bank of America, suggests a declining trend.
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