units December 2024

the Magazine of the National Apartment Association

No Relief From Expenses

Units Magazines

Overview

Most 2024 national apartment market indicators are pointing to a resilient market with sustained demand but lackluster rent growth, which is likely at or near bottom. But looking back at 2023 financial benchmarks revealed yet another challenging year for the…

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FEATURES

Where they are and why isn’t a matter of guesswork on developers’ parts, but careful analysis based on a host of drivers before shovels go into the ground.   Many people pride themselves on…
Key accomplishments from 2024 and trends to monitor in the year ahead.  Not only did 2024 continue the previous year’s trend of increased attention on housing affordability from federal, state…
Rental housing professionals assemble in Lone Star State for Cultivate’s educational and leadership opportunities.  The room is quiet with only the projectors’ hum. Attendees are reflecting on…

IN THIS ISSUE

Executive Summary  The backbone of the rental housing industry is comprised of maintenance professionals, who often have the most direct contact with the residents they serve. However, their…
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Image   The research presented in this report implemented a two-pronged approach to uncover practices, sentiments, and strategies related to the…
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U.S. Apartment Market    Since the third quarter of last year, annual absorptions have seen a significant and consistent increase, reaching 488,773 units by the end of Q3 2024,…
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In 4Q23, 87% of respondents shared it was harder to find development debt financing than six months ago. In 3Q24, only 30% said financing is harder to come by, and nearly a quarter of respondents…
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The generational gap will continue, so learn to build on differences.   The generational battle in the workplace is becoming more evident. Some perceive Baby Boomers as the most dedicated…
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RKW Residential Joya Pavesi  •  President – Brand & Strategic Services  •   RKW Residential  •   Charlotte, N.C.  Kevin Owens   • …
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Ensuring your portfolio is hiring for the skills that will get the job done and deliver the best for your customers.  There are only so many dollars to go around. Training, hiring, retention and…
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