The impressive rise of rent growth has drawn many developers to the apartment industry at the promise of equally impressive profits. However, many of the developments under construction are Class A communities that may not meet the rising demand for more affordable units.
Federal officials are taking a closer look at all-cash transactions for high-end properties in Manhattan and Miami, as such dealings may be a mode for money laundering. New restrictions will require shell companies to report buyers with substantial ownership to determine who is actually purchasing the listing.
The Bethesda, Md.-based financial institution has added four employees to handle Federal Housing Authority (FHA)-insured multifamily loans. But it’s not the top multifamily lender. See which institution has nearly doubled its multifamily loans in the past year.
It’s no surprise to see impressive rent growth numbers from metros such as San Francisco and San Jose. The state on the whole is experiencing increases head and shoulders above the rest of the country, making it one of the priciest places in which to live. But its secondary market is growing even more rapidly than its primary cities are.
The energy sector continues to lag as oil prices remain low. Houston has taken the most notable hit, with permitting activity actually dropping year over year. But it’s not the only market that has been hurt by decreased energy prices. We detail setbacks in other cities too.
The concept of a healthier lifestyle on the whole is appealing. But when it comes to the details, whether it’s recycled countertops or low-VOC paint, consumers have different opinions, depending on how much they know about the topic. See which words resonate best with potential residents and which may cause negative reactions.
Still interested in attending the 2016 NAA Student Housing Conference & Exposition, to be held Feb. 16–17 at the Hyatt Regency in Chicago? The early-bird rate has been extended to this Thursday, Jan. 21. Sign up today to save $300 on registration, and connect with nearly 1,000 industry professionals to learn more about ongoing trends.
Learn lobbying tips and best practices at the 2016 NAA Capitol Conference, March 8, 2016, and put those skills into practice the following day during the National Apartment Association’s lobby day. Former U.S. Rep. Joe Scarborough (R-FL), host of MSNBC’s Morning Joe, will speak at the event. NAA aims to visit all 535 voting congressional offices, so come lend your support.
Promote the apartment industry and recruit new talent during National Residential Property Management (RPM) Month, which will now take place in April. Download NAA’s RPM Month toolkit for promotional resources and participation ideas to help you start planning for your campaign, and spread the word about why it’s so great to work in the apartment industry.
More than 9,200 industry professionals will descend upon the 2016 NAA Education Conference & Exposition, June 15–18, at the Moscone Center in San Francisco — including more than 425 suppliers, who will showcase the market’s newest products and services. Register today to take advantage of early-bird rates before they expire.