The average size of new apartment units is shrinking—from 1,015 square feet in 2006 to 934 square feet in 2016. Overall, the average size of a U.S. apartment home, in both new and existing apartment communities, is 889 square feet.
RENTCafé…
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…
Expose the Influence You Have Under the Tip of NAA’s Relationship Iceberg
Successful advocacy depends on relationships. While NAA knows about dozens of influential relationships its members have with policymakers, we suspect we only know…
On January 3, 2024, the Federal Housing Finance Agency (FHFA) released a report highlighting public comments they received regarding their Request for Input on Tenant Protections for Enterprise-Backed Multifamily Properties, where the Agency asked…
Taking a page from the hotel industry, apartment buildings in New York City are infusing their lobbies and other community areas with freshening scents to offer a different olfactory sensation from the city streets outside their doors.
For…
The Big Picture
As the new year begins, media stories this week largely focused on housing policies on the docket as states and localities set their priorities for 2024. Among the top policies featured in the stories were rent control, tenant…
The South and Sun Belt continue to see an influx of migration. The recently released U-Haul Growth Index for 2023 shows Texas topped the list for the third consecutive year. Florida (second for the third straight year), North Carolina, South…
Multifamily housing could be 15 to 30 percent more energy-efficient, resulting in $3.4 billion in annual savings, according to a recent report from the Institute for Market Transformation. But owners and property managers need to better use the…
CPI, Latest Release, December 2023
Inflation came in higher than expected, rising 3.3% year-over-year (seasonally adjusted) and 0.3% over the month, compared with consensus forecasts of 3.2% and 0.2%, respectively. Core inflation…