Apartment Business Update

Apartment Business Update

A quarterly newsletter covering investment trends in the apartment industry.

Report Primer: Economic Contribution of IRC Section 1031 Like-Kind Exchanges to the US Economy

May, 2022 | Updated May, 2022

Like-kind exchanges play a critical role in supporting multifamily housing and contributing to the U.S economy, and this primer provides a look at top-line findings of a soon-to-be-released NAA- and NMHC-sponsored study. Like-kind exchanges are a significant contributor to U.S. economic…

Making it Work: Managing Multifamily Construction in a Volatile Environment

By Denis Koval | May, 2022 | Updated May, 2022

How to accurately bid and complete multifamily projects amid ongoing economic and labor challenges, and problem-solve along the way. According to the U.S. Census Bureau, construction spending amounted to $237.8 billion during the first two months of 2022, 10.4% above the $215.4 billion for the…

One-Bedroom Rent Growth Up Double-Digits YoY

May, 2022 | Updated May, 2022

Median one-bedroom rents continue growth. Coastal markets continue to see steady rent growth. According to Zumper’s April National Rent Report, rents are rising at a faster pace in 2022 than during the same period in 2021. Median one-bedroom rents ($1,410) have hit all-time highs in 13 of the last…

One-Bedroom Rents Reach All-Time High

March, 2022 | Updated March, 2022

Rent growth so far in 2022 is outpacing 2021. The latest National Rent Report from Zumper shows median rent for one-bedrooms is at an all-time high. The $1,400 rent is a 2.5% increase since the start of 2022 and is 1.9% higher than the same time as last year. While median one-bedroom rent is 12.2%…

Build-to-Rent Activity Continues in Rental Housing Industry

March, 2022 | Updated March, 2022

Build-to-rent communities are popping up across the nation. The build-to-rent/build-for-rent (BTR/BFR) sector in the rental housing industry continues to trend upward. Recently, there have been new developments and partnerships poised to bring more affordable single-family-style living to the…

Industry Update: FCC Takes New, Adversarial Position on Commercial Partnership Regulations

March, 2022 | Updated May, 2022

The FCC announces new regulations on cable home wiring, certain exclusive access payment schemes and exclusive marketing arrangements. Note: The legal analyses of FCC regulations presented in this article are for informational purposes only and should not be construed as legal advice. Interested…

Treasury Updates Emergency Rental Assistance Program Disbursement Data

March, 2022 | Updated March, 2022

More than $25 Billion spentacross both ERA 1 and ERA 2. The December 2020 Consolidated Appropriations Act of 2021 (ERA 1) included $25 billion in Emergency Rental (ERAP) assistance (ERAP) and the March 2021 American Rescue Plan (ERA 2) included an additional $21.6 billion in ERAP assistance. Since…

Rent Growth Subdued Across U.S.

March, 2022 | Updated March, 2022

Rent growth continues in a majority of U.S. metros, despite a slower pace. Rent growth trajectory continues its upward path. The March 2022 Apartment List National Rent Report shows the national index increased 0.6% during February after a slight dip in December and a small increase in January.…

Rental Housing Owners Staying Put, Residents Too

February, 2022 | Updated February, 2022

New data shows owners are not pushing for evictions, wanting to stay in the industry. New data from Avail reviews six trends, including owner mindsets and evictions, in the rental housing industry—a January 2022 survey of roughly 1,150 owner-operators and more than 2,100 renters. Despite many…

One-Bedroom Rents Hit All-Time High

February, 2022 | Updated February, 2022

The latest Zumper National Index shows median rent for one-bedrooms hit another record. Coastal markets continue to hold many of the top spots for median rent prices, and inflation is a potential foreshadowing factor. The latest Zumper National Index shows median one-bedroom rent hit an all-time…