Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Renting More Affordable Than Owning in Much of U.S.
June, 2023 | Updated June, 2023
Of the 50 most populous U.S. metros, it’s cheaper to rent in 46 than to purchase a home. According to Redfin, Detroit, Philadelphia, Cleveland and Houston were the only metros where it was more affordable to buy a home than to rent.
Homes in Detroit were 24% less expensive than renting, followed…
Apartmentalize Preview: Cultivating a New Employee Experience
By Kevin Juhasz | June, 2023 | Updated June, 2023
One of the biggest issues facing multifamily, as well as numerous other industries, has different phases and different names. There’s been “The Great Resignation.” We’ve also heard plenty about “Quiet Quitting.” While they may make for great headlines, these labels take away from the complexity and…
Apartmentalize Preview: Managed Wi-Fi, Bulk Wi-Fi and Connectivity Infrastructure
May, 2023 | Updated May, 2023
Wi-Fi access is a requirement for today’s renters, and multifamily operators have an obligation to supply or facilitate reliable wireless service for their communities. During the Apartmentalize 2023 session, “Ask the Experts: Managed Wi-Fi, Bulk Wi-Fi and Connectivity Infrastructure,” presenters…
Equity Group Investments Chairman Sam Zell Passes Away
May, 2023 | Updated May, 2023
Equity Group Investments Chairman Sam Zell has passed away at the age of 81. Zell was also Chairman of Equity LifeStyle Properties, Equity Residential and Equity Commonwealth. “Sam’s insatiable intellectual curiosity and passion for deal making created some of the most dynamic companies in…
NAHB Revamps Multifamily Index
May, 2023 | Updated May, 2023
The National Association of Home Builders (NAHB) announced a new-look Multifamily Market Survey (MMS) for the first quarter of 2023. The Multifamily Production Index (MPI) and the Multifamily Occupancy Index (MOI) are the two indices produced from the MMS.The MPI, which measures builder and…
NAA Releases Fourth Episode of The Apartmentcast
May, 2023 | Updated May, 2023
Learn everything you've ever wanted to know about Apartmentalize in the latest episode of The NAA Apartmentcast. Hear from Clark Ebbert, NAA's Director of Conference Education Programming, to learn about the educational tracks available at Apartmentalize in Atlanta from June 7-9.Among the…
7 Spring Community Event Ideas That Engage Residents
By Ashley Tyndall | May, 2023 | Updated May, 2023
Resident experience is the hot topic in the multifamily housing industry these days, and for good reason: When you’re able to achieve a positive resident experience, you’re also able to achieve more renewals and new leases. Importantly, a huge part of creating a positive resident experience is…
SCOTUS Petitioned to Hear New York Rent Stabilization Law
May, 2023 | Updated May, 2023
New York real estate groups are petitioning the U.S. Supreme Court after a series of lower court decisions based on the complaint that owners are losing their ability to run their businesses. According to The Real Deal, the groups filed a petition earlier this month after the first lawsuit was…
Super Commuters Decline in Remote-Work World
May, 2023 | Updated May, 2023
The number of people who travel 90 minutes or more each way to work is decreasing in the U.S. New analysis of super commuters from Apartment List shows 2% of the workforce—3.1 million people as of 2021—travels at least an hour and a half each way.There was a large increase from 3.2 million in 2010…
Senate Banking Committee Considering Proposals to Address Housing Challenges
By Maria Spencer | May, 2023 | Updated May, 2023
On April 26, 2023, the U.S. Senate Banking Committee held a hearing entitled “Building Consensus to Address Housing Challenges,” providing an opportunity for the rental housing industry to collaborate with lawmakers to address key housing issues.
Chairman Sherrod Brown (D-Ohio) and Ranking Member…