Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
Fannie and Freddie Equity Plans Aim to Break Down Barriers for Renters
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The Equitable Housing Finance Plan for 2022-2024 aims to provide equitable access to affordable housing. On June 8, the Federal Housing Finance Agency (FHFA) announced the release of Fannie Mae’s and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plan for 2022-2024 to provide and…
Are Bots Better at Delivering Bad News?
By Paul Bergeron | | Updated
A new report suggests that for leasing teams, virtual leasing assistants might be a better way to deliver rent renewal increases.As society grows more accustomed to interfacing with artificial intelligence (AI) and chatbots that are potentially driving residents’ decisions to rent an apartment,…
Lawmakers Release Federal Data Privacy Bill
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Bipartisan bill will have an impact on multifamily data practices. For the past several years, Congress has continued to debate a federal consumer data privacy standard, but disagreements on federal preemption and private right of action have prevented meaningful progress. But in a significant…
Multifamily Builders Cautiously Optimistic After Q1
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New data from the National Association of Home Builders reports slowing confidence in rental housing industry.Multifamily confidence has taken a slight hit overall, but developer sentiment sank during the first quarter of 2022. The latest Multifamily Market Survey (MMS) from the National…
Asking Rents Hit Record High
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Asking rents are at an all-time high with year-over-year and month-over-month gains.U.S. asking rents are at an all-time high, and in some metros, more than double the average growth. According to the latest research from Redfin, the median monthly asking rent was up 15.2% year-over-year (YoY) in…
Single-Family Rental Profits Declining in U.S.
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Three-bedroom single-family rental profits are declining across the U.S. Single-family rental (SFR) profits are declining across the U.S. Real Estate data firm ATTOM analyzed 2022 first quarter profit margins of three-bedroom SFR homes in 212 counties with a population of at least 100,000.…
NAA and NMHC Push Back on DOL Announcement Citing Supply Chain Disruption and Workforce Shortage Concerns
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Ninety-three organizations have asked the Department of Labor not to issue a new rule altering overtime regulations. NAA and NMHC joined 91 organizations on May 11 to request that the Department of Labor (DOL) abandon the issuance of new rule altering the overtime regulations under the Fair…
NAA and NMHC Respond to SEC’s Proposed Cybersecurity Risk Management and Disclosure Rule
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As federal policymakers sharpen their focus on cybersecurity, NAA and NMHC are working to ensure the apartment industry’s business operations are understood and accounted for in any proposed rules or legislation. According to U.S. intelligence, there has been significant increase in malicious…
Report Primer: Economic Contribution of IRC Section 1031 Like-Kind Exchanges to the US Economy
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Like-kind exchanges play a critical role in supporting multifamily housing and contributing to the U.S economy, and this primer provides a look at top-line findings of a soon-to-be-released NAA- and NMHC-sponsored study. Like-kind exchanges are a significant contributor to U.S. economic…
Making it Work: Managing Multifamily Construction in a Volatile Environment
By Denis Koval | | Updated
How to accurately bid and complete multifamily projects amid ongoing economic and labor challenges, and problem-solve along the way. According to the U.S. Census Bureau, construction spending amounted to $237.8 billion during the first two months of 2022, 10.4% above the $215.4 billion for the…