Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
Centralization: The Tech That Matters No Matter Your Definition
August, 2023 | Updated August, 2023
There is no shortage of buzzwords being tossed around the multifamily housing industry, and one of the newest, “centralization,” has rapidly gained traction.
However, while the concept is extremely popular, the definition of the word varies by organization. Some combine all of their leasing…
The NAA ApartmentCast Tackles Rent Control
By Leah Cuffy | July, 2023 | Updated July, 2023
Leah Cuffy, NAA’s Director of Advocacy Research, has joined The NAA ApartmentCast to discuss a perennial topic: Rent Control.
From December 2022 to February 2023, NAA commissioned ndp | analytics to conduct interviews with housing providers and developers from three different markets impacted by…
5 Key Consumer Preferences of Renters
April, 2023 | Updated May, 2023
RCLCO Real Estate Consulting has released the results of the “2023 Renter Consumer Preference Survey Report,” providing in-depth national insight into the consumer preferences of single-family and multifamily renters.The report offers data derived from survey conducted in late 2022 that uncovers…
Minneapolis City Staff Report Says No to Rent Control
April, 2023 | Updated April, 2023
On April 14, Minneapolis city staff published an impact analysis, “Rent Stabilization Staff Analysis,” to provide in-depth background and research after voters approved an amendment to allow rent caps in November 2021. The report recommends against implementing a rent stabilization policy,…
Office Vacancy Up, Apartment Conversions A Result
February, 2023 | Updated March, 2023
The national vacancy rate for office buildings in the U.S. hit a nearly 30-year high in the third quarter of 2022. According to a recent report from CBRE, the vacancy rate reached 17.1%. This extra space has led developers, investors, architects and others in the real estate arena to rethink how…
NAA Releases Second Episode of The Apartmentcast
February, 2023 | Updated February, 2023
The NAA Apartmentcast, the official podcast of the National Apartment Association, has released its second episode, which features a sit down with NAA VP of Research Paula Munger for a conversation centered on apartment market trends, the labor market, inflation, demographics, housing affordability…
Apartment Management Once Again Proving Recession-Proof
By Paul Bergeron | February, 2023 | Updated February, 2023
Headlines about significant job layoffs are appearing almost daily as the country moves into 2023 with “recession” on many minds.Workforce reductions have mostly been in the technology industry, but lately, they are showing up elsewhere. But not in apartment management.Apartment management…
Federal Advocacy Outlook: Advocate 2023
By Greg Brown and Nicole Upano | February, 2023 | Updated April, 2023
The 118th Congress Convenes While Republicans took control of the U.S. House of Representatives in early 2023 as expected, no one foresaw the razor-thin four-seat majority (222–213). In the Senate, Republicans were only given a roughly 50/50 chance of taking the chamber, but few expected them…
NAA Update on HUD's Affirmatively Furthering Fair Housing
By Cedric Watkins | January, 2023 | Updated February, 2023
On January 19, 2023, the U.S. Department of Housing and Urban Development (HUD) published a Notice of Proposed Rulemaking in the Federal Register that aims to bolster the mechanisms that allow the agency to enforce the Fair Housing Act’s longstanding requirement to “affirmatively further fair…
White House Renters Bill of Rights’ Principles & Agency Actions
By Ben Harrold | January, 2023 | Updated April, 2023
On January 25, the White House announced a number of actions to advance President Biden’s housing agenda, which are intended to protect renters and promote rental affordability. Key actions include:
Unveiling “Blueprint for a Renters Bill of Rights,” which lays out five principles that President…