Apartment Business Update

A quarterly newsletter covering investment trends in the apartment industry.

Apartment Management Once Again Proving Recession-Proof

By Paul Bergeron | | Updated

Headlines about significant job layoffs are appearing almost daily as the country moves into 2023 with “recession” on many minds.Workforce reductions have mostly been in the technology industry, but lately, they are showing up elsewhere. But not in apartment management.Apartment management…

Federal Advocacy Outlook: Advocate 2023

By Greg Brown and Nicole Upano | | Updated

The 118th Congress Convenes While Republicans took control of the U.S. House of Representatives in early 2023 as expected, no one foresaw the 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…

NAA Update on HUD's Affirmatively Furthering Fair Housing

By Cedric Watkins | | Updated

On January 19, 2023, the U.S. Department of Housing and Urban Development (HUD) published a Notice of Proposed Rulemaking in the Federal Register that aims to bolster the mechanisms that allow the agency to enforce the Fair Housing Act’s longstanding requirement to “affirmatively further…

White House Renters Bill of Rights’ Principles & Agency Actions

By Ben Harrold | | Updated

On January 25, the White House announced a number of actions to advance President Biden’s housing agenda, which are intended to protect renters and promote rental affordability. Key actions include: Unveiling “Blueprint for a Renters Bill of Rights,” which lays out five principles that President…

Rent Growth Continues 2023 Slide

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Rent growth continues to slow to rates not typically seen at this time of the year. The national rent index for the duration of January declined 0.3%, according to the latest Apartment List National Rent Report. This is the fifth consecutive month of month-to-month declines.“This month’s price dip…

NAA Update on the Biden Administration's "Renters Bill of Rights"

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On January 24, 2022, the National Apartment Association (NAA) participated in a White House call previewing the Administration’s blueprint for advancing a “Renters Bill of Rights,” an explicit campaign promise from President Biden. This call followed months of engagement between NAA and the White…

Renters Insurance Premiums Constant

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Only about half of renters have residents insurance. The 2022 Renter’s Insurance Industry Report from SafeHome.org reports 55% of residents have renters insurance and of those insured, 75% of residents are required to have coverage.The report found the average renters insurance policy was $211 per…

Single-Family Rent Growth Slows

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Single-family rent has declined for seven straight months. The latest Single-Family Rent Index from CoreLogic shows year-over-year (YoY) rent growth in November 2022 at 7.5%. All four pricing tiers measured saw a decline as well.Year-over-year changes across the four tiers—lower-priced, lower-…

U.S. DOE Hosting Better Buildings Webinars, Summit

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The U.S. Department of Energy (DOE) is hosting its “Better Buildings Webinar Series,” which features conversations with experts on best practices, cost-effective strategies and new ways to approach sustainability and energy performance. View the details and registration for the webinars,…

Sun Belt Markets Among Best for New Apartments

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The number of new apartments opened in the past 10 years was analyzed by RentCafe based on unit size, occupancy rate and neighborhood quality. Many of the top 50 cities to find a new apartment were in the Sun Belt—Texas had 12 cities in the top 50, while Florida had seven.Boca Raton, Fla., was the…