Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Multifamily Completions Jump in May
| Updated
Despite the large climb in completions, permits and starts suffered.Multifamily housing completions soared in May to their highest level since the end of last year. According to the latest residential construction data from the Census Bureau and the Department of Housing and Urban Development,…
Four Tips for Marketing Apartments in Today’s Rental Marketplace
By Arun Das and Megan Davidson | | Updated
Know your audience to properly market apartment homes.Not long ago, if an apartment leasing team wanted to find prospective residents, it would simply list the property in the local newspaper and wait for prospects to call for a tour—or literally come knocking at the door. Since today’s prospects…
Fannie and Freddie Equity Plans Aim to Break Down Barriers for Renters
| Updated
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
| Updated
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
| Updated
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
| Updated
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…
Lunch Program Returns to Local Community
| Updated
Envolve returned to El Paso for its Resident Lunch Program.Envolve LLC continues to help its local communities and neighborhoods. The affordable housing owner and manager returned to El Paso, Texas, for its Resident Lunch Program. Envolve previously held the program in El Paso earlier in March.All…
Single-Family Rental Profits Declining in U.S.
| Updated
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.…
Rent Growth Heats Up
| Updated
Month-over-month rent growth is at its highest in 2022. Rent growth is inching forward at a faster pace than seen during the first half of the year. The June 2022 Apartment List National Rent Report shows rents increased 1.2% during the month of May, and rents are now up 15.3% year-over-year (…