Across the country, there are about 5.5 million apartment units known as naturally occurring affordable housing (NOAH), according to real estate data firm CoStar. These units represent 36.2 percent of the apartment housing market.
NOAH apartment…
New York City celebrated the opening of its first micro-unite apartment building on Manhattan’s East Side with a ribbon-cutting ceremony on Oct. 27. The city is touting the community as a way to help meet the need for affordable housing, as well as…
Total mortgages for apartment communities of five or more units increased to $249.8 billion in 2015, a 28 percent increase from the 2014 total, according to data from the Mortgage Bankers Association (MBA).
“Multifamily mortgage borrowing and…
As anyone who’s ever rented a studio apartment knows, having that separate bedroom can be a real life-changer. But in high-rent cities, the extra cost for that bedroom can be steep.
Yardi Matrix looked at rents in apartment communities with 50 or…
The most common apartment resident today is an unmarried millennial white woman with a salary below $50,000, according to recent data on apartment resident characteristics from Zillow.
Here are some key data points from the report:
Fifty-…
In metro areas awash in new apartment construction, lease concessions are climbing to two months or more.
A nationwide map on the Axiometrics website shows the areas where apartment communities are offering lease concessions that range from a…
In the quest to increase the affordability of apartment living across the country, urban planners and policymakers are starting to question off-street parking requirements in new apartment construction, and some cities are taking action.
In its…
In the ever-growing world of proptech, operators are seeking solutions that deliver the greatest ROI. But what about best-in-breed technologies that actually pay for themselves? Engaging technologies centralized on these services result…
On Nov. 22, a Texas federal judge blocked the Department of Labor overtime rule that would make more than 4 million private-sector workers eligible for extra pay.
U.S. District Judge, Amos Mazzant, imposed a preliminary injunction against the…
The California Department of Fair Employment and Housing (DFEH) Council is considering adopting occupancy standards that would far exceed the standards set in the U.S. Department of Housing and Urban Development’s (HUD) “Keating Memo,” the guidance…