Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
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…
EPA Expands Water Protections
By Zach Quimby | | Updated
On December 30, 2022, the Environmental Protection Agency (EPA) issued a final rule expanding and redefining what “waters of the United States” means under the Clean Water Act.
“The final rule restores essential water protections that were in place prior to 2015 under the Clean Water Act for…
Rent Growth Ends 2022 on the Decline
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Potentially more to seasonal rent growth slowdown.Rents have fallen for four straight months. The Apartment List National Rent Report slipped 0.8% during December. This puts national median rent growth a 3.8% for 2022, well shy of the 17.6% increase witnessed in 2021. This also places 2022 rent…
Newmark Announces Single-Family Rental Group
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Newmark is joining the single-family rental (SFR) space. The company announced its SFR group in late 2022; it will be led by Vice Chairmen Chad Lavender and Ryan Maconachy and be part of the Multifamily Capital Markets group.“With Newmark’s significant presence in the multifamily and alternative…
2022's Rental Housing Trends
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While rent growth cooled during 2022, it’s still slightly above what was seen prior to the pandemic. This is one trend reviewed by Apartment List in its 2022 Rental Rewind. The analysis tracked three national trends, three regional trends and three outlooks for 2023.Rent growth, as of November 2022…
Omnibus Federal Funding Bill Mixed Bag for Rental Housing Industry
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On Friday, December 23, 2022, Congress passed a $1.7 trillion fiscal 2023 government funding package (the Omnibus). The National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) achieved several victories in this legislation, but as often happens with massive…
Rents See Largest Decline in 7 Years
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Asking rents are down 0.4% from October to November, resulting in the largest monthly decline in the seven-year history of Zillow’s Observed Rent Index. While November is historically the slowest month recorded in the index, declines had not reached 0.1% during this time of the year pre-pandemic.…
Miami Most Competitive Rental Market
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Residents are staying in place this year as the market heats up. RentCafe analyzed the most competitive markets in the U.S. based on five factors—number of days an apartment was vacant; percentage of occupied rentals; competition between prospective residents; percentage of residents who renew…
NAA Debuts Podcast
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From leadership to operational strategy to federal advocacy and more, The NAA Apartmentcast features insight and trendspotting from rental housing industry leaders. The inaugural episode features inside-the-beltway wisdom from NAA SVP of Government Affairs Greg Brown, as well as a preview of the…
2023 Apartment Housing Outlook
By Paula Munger | | Updated
The final jobs report of the year confirmed the strength of the labor market in the face of a cumulative 375-basis point interest rate increase. Unemployment rates remained near 50-year lows and initial claims for unemployment were at levels consistent with a tight labor market. Although jobs were…