Industry Insider

A weekly newsletter of noteworthy articles pertaining to our industry.

 

Housing Headlines 2024 Election

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The following article is from NAA's 2024 pre-election coverage. To view results and analysis on how the election will impact rental housing, view NAA's 2024 Election Insights.   View NAA's 2024 Election Insights   On or before Tuesday, November 5, 2024, voters from across the country are…

Politics a Pain Point for Neighbors

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Election Day is right around the corner, and Redfin is diving into political disagreements between neighbors. According to a new survey from the company, 18.7% of people have had a political disagreement with a neighbor. The survey also went into detail about getting into disagreements based on…

Coverage Dries Up: Housing Provider Sues Insurer After Coverage Denial

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On July 16, 2024, housing provider Mill Creek Management and Real Estate Sales, Inc. (Mill Creek) filed suit in the Superior Court of California against its insurance company provider, United States Liability Insurance Company (“USLIC”). Mill Creek alleges USLIC unlawfully refuses to defend the…

Seasonal Rent Declines Begin

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Median rent is on the decline across the U.S. According to the October 2024 Apartment List National Rent Report, rent declined by 0.5% in September, which is seasonally aligned with past years. Year-over-year rent growth is also down 0.7%. Rents are down month-over-month in 80 of the 100 largest…

Law Firm Offers Insurance Considerations for Property Owners Following Natural Disasters

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Lawyers Joseph Jean and Amit Roitman from international law firm Pillsbury Winthrop Shaw Pittman LLP have authored an article outlining several key considerations property owners should consider during the recovery from Hurricanes Helene and Milton.  To assist with insurance claims and…

New Federal Rule to Replace Lead Service Lines

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On October 8, 2024, the Biden Administration released an update on its Lead Pipe and Paint Action Plan to replace every lead pipe in the U.S. within 10 years. A prominent feature of this announcement is the Environmental Protection Agency’s (EPA) Lead and Copper Rule Improvements (LCRI) final rule…

The NAA Apartmentcast: Mental Health and First Aid Training

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The latest episode of the NAA Apartmentcast is co-hosted by NAA's Senior Manager of Industry Relations Tiana Heath and Kendra Butterfield, Vice President at Elevation Real Estate Management and 2023-2024 Chair of NAA’s Mental Health Subcommittee. Panelists Stephanie Lloyd, National Account…

Apartment Construction Completion Time Increases

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Apartment community construction completion is taking longer. According to the National Association of Home Builders and data from the Census Bureau, it took 19.9 months to finish a project after obtaining authorization in 2023, up 0.1 months. In 2022, there was an increase of 2.3 months. Meanwhile…

St. Paul Housing Production Declining

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Housing production in St. Paul, Minn., has deteriorated to levels not seen since the recovery of the Great Recession nearly 15 years ago. The Pioneer Press cites data from the U.S. Department of Housing and Urban Development (HUD) that shows building permits are a fraction of what they were a year…

Bridging the Digital Divide

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From optimized leasing and smart home solutions to proptech and self-guided touring, there has long been a missing link to bring it all together—a reliable digital foundation. Community IT infrastructures are not built to support the ever-expanding connectivity and cybersecurity needs of…