Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
Bend but Don’t Break Defense Weathers Economic Uncertainty: Part 1
By Michael Miller | December, 2022 | Updated December, 2022
The rental housing industry has gracefully adapted and evolved during the current economic climate and global atmosphere. Nearly three years ago, the world came to a halt, causing many, not just multifamily businesses and professionals, to re-imagine their lives through a different lens. This wave…
Federal Advocacy Outlook: The End of the 117th and Beginning of the 118th Congress
By Greg Brown and Nicole Upano | December, 2022 | Updated January, 2023
While Republicans, as predicted, will take over control of the House of Representatives in 2023, no one foresaw a razor-thin four-seat majority (222–213). In the Senate, Republicans were only given a roughly 50/50 chance of taking the chamber, but few expected them to not only pick up zero seats…
Apartment Absorption Hits 25-Year High
December, 2022 | Updated December, 2022
The apartment absorption rate is at a 25-year high following a solid second quarter performance.The National Association of Home Builders analyzed data from the Census Bureau’s Survey of Market Absorptions of New Multifamily Units to find the absorption rate increased 15 percentage points to 77% in…
E-Bike Battery Safety in Question
December, 2022 | Updated December, 2022
New York City is taking steps to address the recent fires involving e-bikes and lithium-ion batteries. The New York City Fire Department is requiring apartment owners to distribute a fire and emergency preparedness bulletin to staff and residents.According to The City Record, there have been 140 e-…
NAA Releases 2022 Diversity, Equity and Inclusion Survey
December, 2022 | Updated December, 2022
Diversity, Equity, and Inclusion (DEI) affects the retention and recruitment of employees and bottom-line performance in the rental housing industry. These issues have taken on even greater significance as employee turnover continues to increase and finding new employees remains challenging. …
Misunderstandings of Multifamily Revenue Management
December, 2022 | Updated December, 2022
Revenue management has come under scrutiny during the past several weeks. Dom Beveridge, Principal with multifamily technology consultancy firm 20 for 20, reviewed the misunderstandings surrounding revenue management software in a recent article.Beveridge defends the use of the software: “…
Record Rent Decline in November
December, 2022 | Updated December, 2022
Rents declined for the third straight month in November. According to the December 2022 Apartment List National Rent Report, the national index dropped 1% during November, which is also the highest monthly decline on record, dating back to 2017.Rent growth to date in 2022 is up 4.7%, which is…
Airbnb Launches Apartment Listing Service
December, 2022 | Updated December, 2022
Airbnb is in the apartment listing service business with its new offering: Airbnb-friendly apartments. The company announced more than 175 Airbnb-friendly apartment buildings are available to search in more than 25 U.S. markets.The Wall Street Journal reports 12 companies are part of the new…
Haven Realty, JP Morgan Announce $1B BTR Joint Venture
November, 2022 | Updated November, 2022
Haven Realty Capital, a privately held real estate investment and operating firm focused on single-family developments, and the real estate investment platform of J.P. Morgan announced a $1 billion build-to-rent (BTR) joint venture with $415 million in equity.“The for-sale housing market has been…
What’s All This Talk About Revenue Management and Antitrust Violations?
November, 2022 | Updated November, 2022
Recently, the courts, the Department of Justice (DOJ) and federal policymakers have taken an interest in the rental housing industry’s use of revenue management tools. Considering this increased scrutiny of the industry, it is important to understand how antitrust laws come into play. …