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There is weak demand for all types of housing despite robust job growth and sizable wage gains.
NMHC survey reports 76% of respondents have repriced deals.
Much depends on labor and the potential for a recession.
The funding will help update zoning codes to support affordable housing production and preservation.
More than a dozen US cities and states have made changes to housing and land use policies in last five years.
Demand will be steady but not necessarily grow and new properties will come onto the market.
Yardi Matrix says a recession will likely begin in the second half of 2023.
At face value, the numbers are encouraging. However, more nuanced data suggests otherwise.
Some struggle to 'pencil' deals and others are experiencing negative NOI growth.
