Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
Rents, Occupancy Hit Record Levels
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Rent growth and occupancy reach levels not seen in two decades.
Apartment rent growth and occupancy are both at record levels. According to RealPage, effective asking rents increased 2.2% in July, resulting in a year-over-year jump of 8.3%. The average rent in the U.S. is $1,549 per month.
The…
10 Reasons to Question the Predictions of an Eviction Tsunami
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RealPage's Jay Parsons offers evidence that challenges the prognostications of a landslide of evictions following the expiration of the CDC’s nationwide moratorium.
Jay Parsons, RealPage Deputy Chief Economist and Vice President of Asset Optimization, in a post in the company’s Analytics Blog…
New Rental Assistance Search Tool Launches
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The Rental Assistance Finder provides information on rental assistance programs across the country.
The Centers for Disease Control and Prevention’s (CDC) Eviction Moratorium was a tremendous financial and operational burden on the rental housing community. After months of advocacy by the National…
Rent Growth Continues Outpacing Pre-Pandemic Levels
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There's no stopping rent growth as median rent climbs.
Rent growth across the U.S. has continued its hot stretch, leaving pre-pandemic data in the rearview mirror. The latest Apartment List National Rent Report shows the national median rent has jumped 11.4% in 2021, more than triple what was seen…
Is Regulation Forcing Apartment Owners Out of California?
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Future uncertainty is just one of the reasons owners are looking outside of California, but others say they still see growth potential in the state.
Las Vegas-based The Calida Group has more than 17,000 apartments across the country.
But in the firm’s home state of Nevada, investor…
Why Multifamily Is the Most Attractive Asset Class
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Several factors, including inflation concerns, are attracting investors to rental housing.
Money has been flooding into the apartment industry.
There are a lot of reasons for the buyer interest. In some cases, investors in struggling segments of commercial real estate, like lodging and office, have…
NAA Sues Federal Government to Recover Industry’s Losses Under Nationwide Eviction Moratorium
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Join the lawsuit
The National Apartment Association is taking legal action to recover damages housing providers suffered under the CDC’s eviction moratorium and ensure that similar measures can never again be enacted.
The National Apartment Association (NAA) on July 27 filed a lawsuit in the U.S.…
Lumber Prices Contributing to Rent Increases
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Softwood lumber price increases affecting multifamily housing residents.
While the rising cost of softwood lumber products has impacted builders across the construction industry, the effects of price increases are even wider reaching. The price change between April 17, 2020, and July 8, 2021, has…
Rent Growth Hits Record Levels
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Multiple factors are impacting growth in rent prices.
Rent in the multifamily housing industry continues to hit record levels. According to the National Multifamily Report for June released last week by Yardi Matrix, asking rents in June surpassed 6% growth on a year-over-year (YoY) basis. That is…
Yes In My Backyard (YIMBY) Act Introduced in House and Senate
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NAA members advocated for the YIMBY Act during NAA's 2021 Advocate conference, which will help eliminate barriers to housing development and help address the country's housing affordability crisis.
On May 13, the Yes in My Backyard (YIMBY) Act legislation was reintroduced in both the…