Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Rent Growth Declines Close Out 2023
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Year-over-year (YoY) rent growth continues to stall. According to the January 2024 Apartment List National Rent Report, December was the fifth straight month of negative rent growth, which is down 0.8% during the month. YoY rent growth was at -1%.
Seasonally, this is not unexpected as the colder…
Multifamily Delinquencies Increase in November
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Multifamily delinquency rates are on the rise, while single-family rates continue to remain constant. Monthly data from Fannie Mae and Freddie Mac show delinquencies ticked up slightly in November.
The Multifamily Serious Delinquency Rate from Fannie Mae increased three basis points from 0.44% in…
Freeman Webb Increases Portfolio by 2,000 Units
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Freeman Webb Company is reflecting on a growth year in 2023. The Nashville, Tenn.-based real estate investment and management firm announced its portfolio increased by 2,000 units.
Freeman Webb President Bob Freeman spoke of the year ahead in a release about the company’s growth. “We're going to…
10 Apartment Design Trends for 2024
By Ashley Tyndall | | Updated
The apartment industry is constantly evolving, with design playing a pivotal role in shaping residents' living experiences. As we enter 2024, several key design trends are emerging, driven by changing demographics, technological advancements and a growing emphasis on sustainability and…
Single-Family Rent Growth Continues Deceleration
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Despite the steady increase in rent since February 2020, single-family rent growth is stalling. According to CoreLogic's Single-Family Rental Index, rent growth was up 2.5% in October year-over-year, which is the slowest rate since summer 2020. In total, rents are up nearly 30% since the start of…
Student Housing Preleasing at Record Rate
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The student housing market is hot for fall 2024, according to two recent reports.
RealPage shows that as of November 2023, 28.8% of beds tracked by the firm have been claimed. Meanwhile, the National Student Housing Report for November from Yardi Matrix has preleasing at a record pace of 25.2% in…
Apartment List Gives 2024 Market Predictions
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Apartment List has seven key predictions for 2024. The firm's economics team reviewed rental market analysis based on trends from 2023 and previous years.
Among the top forecasts is a surge in supply in 2024 following an impressive 2023. Rent growth will continue to remain low; however, well below…
FTC Extends Comment Period on 'Junk Fees' Rule
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Just before the holiday, the Federal Trade Commission extended the comment period for its proposed regulation of “junk fees” in rental housing by 30 days with a new deadline of Feb. 7, 2024. NAA has adjusted its advocacy strategy to maximize opportunities to engage with the FTC and voice the…
Federal Advocacy Outlook: Washington Heads into 2024
By Greg Brown and Nicole Upano | | Updated
Undoubtedly, the past year featured record attention on rental housing policy at all levels of government, especially nationally. From the halls of Congress to numerous executive branch agencies, federal lawmakers are exploring high-stakes policies that could impact the rental housing industry—with…
10 Things to Know About the 2024 Apartment Housing Outlook
By Erioreoluwa (Eri) Bajomo | | Updated
The 2024 Apartment Housing Outlook provides in-depth insight into the industry from two standpoints: Economic perspectives and an overview of the apartment sector. Uncover 10 facts you may not readily know about the Apartment Housing Outlook below.For the 22nd consecutive month, the Small Business…