Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
NMHC Releases Updated Rent Regulation Report
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Rent regulations and other rent-controlling factors have the opposite impacts of their intended purposes. An updated study from the National Multifamily Housing Council (NMHC) shows rent control hurts renters searching for affordable housing and benefits higher-income renters.
“Analyzing recent…
Apartment Supply at Decades High
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Apartment supply is at a historic level following a large delivery of completions in 2023. Supply hit a 36-year high, according to RealPage Analytics, with 440,000 units completed last year. However, completions are expected to decline following this year due to the drop in starts.
Supply and…
Southern States See Most Resident Movement
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The South and Sun Belt continue to see an influx of migration. The recently released U-Haul Growth Index for 2023 shows Texas topped the list for the third consecutive year. Florida (second for the third straight year), North Carolina, South Carolina and Tennessee rounded out the top five states…
Rent Growth Declines Close Out 2023
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Year-over-year (YoY) rent growth continues to stall. According to the January 2024 Apartment List National Rent Report, December was the fifth straight month of negative rent growth, which is down 0.8% during the month. YoY rent growth was at -1%.
Seasonally, this is not unexpected as the colder…
Multifamily Delinquencies Increase in November
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Multifamily delinquency rates are on the rise, while single-family rates continue to remain constant. Monthly data from Fannie Mae and Freddie Mac show delinquencies ticked up slightly in November.
The Multifamily Serious Delinquency Rate from Fannie Mae increased three basis points from 0.44% in…
Freeman Webb Increases Portfolio by 2,000 Units
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Freeman Webb Company is reflecting on a growth year in 2023. The Nashville, Tenn.-based real estate investment and management firm announced its portfolio increased by 2,000 units.
Freeman Webb President Bob Freeman spoke of the year ahead in a release about the company’s growth. “We're going to…
10 Apartment Design Trends for 2024
By Ashley Tyndall | | Updated
The apartment industry is constantly evolving, with design playing a pivotal role in shaping residents' living experiences. As we enter 2024, several key design trends are emerging, driven by changing demographics, technological advancements and a growing emphasis on sustainability and…
Single-Family Rent Growth Continues Deceleration
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Despite the steady increase in rent since February 2020, single-family rent growth is stalling. According to CoreLogic's Single-Family Rental Index, rent growth was up 2.5% in October year-over-year, which is the slowest rate since summer 2020. In total, rents are up nearly 30% since the start of…
Student Housing Preleasing at Record Rate
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The student housing market is hot for fall 2024, according to two recent reports.
RealPage shows that as of November 2023, 28.8% of beds tracked by the firm have been claimed. Meanwhile, the National Student Housing Report for November from Yardi Matrix has preleasing at a record pace of 25.2% in…
Apartment List Gives 2024 Market Predictions
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Apartment List has seven key predictions for 2024. The firm's economics team reviewed rental market analysis based on trends from 2023 and previous years.
Among the top forecasts is a surge in supply in 2024 following an impressive 2023. Rent growth will continue to remain low; however, well below…