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NAA Industry Insider: Renters Take Over Major Metro Markets

 

 
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NAAHQ

  //   February 10, 2015
NAA

The Industry Insider
Your Weekly Source for Multifamily Industry News and Information
 
Yardi

metro rent

Lead Story
Majority of Major Metro Populations Rent

Renters, who have predominantly dominated high-rent areas, are now comprising a larger portion of less-expensive metropolitan areas such as Denver and Houston. This rise can be attributed to a general move away from homeownership, but may also affect the supply available in major metro markets.
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AppFolio

Top Stories


 
larger apartments

industry Buzz
Micro Apartments Losing Their Appeal

Families and empty nesters are among the demographics seeking larger two- and three-bedroom units, rather than the micro units that have previously been popular. See which metro areas are beginning to respond to the demand for more space.
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Affordable Housing

Industry Buzz
One Way to Make Affordable Housing More Affordable

Lower- and middle-income individuals are struggling to find affordable housing. To solve this issue, the Multifamily Lenders Council recommends reducing insurance premiums to 2012 levels.
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2015 SHC

Sponsored Content
It’s Officially Last Minute: The 2015 NAA Student Housing Conference & Exposition Begins in One Week

The 2015 NAA Student Housing Conference & Exposition, Feb. 17-18 at the ARIA Resort in Las Vegas, is your ticket to graduating to the next level of management in this thriving niche of rental housing.  
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Sample 1

Industry Buzz
No More Rental Tax in Arizona?

The state’s House Committee on Ways and Means voted for a measure that would prohibit cities from imposing new taxes on long-term home and apartment rentals and cut such taxes that currently exist by 25 percent per year until they disappear.
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NAA EduConf

NAA Capitol Conference

Rental Growth Austin

Market Trend Insights
Increased Supply Slows Rent Growth in Austin

New rental units in 2014 and 2015 should stabilize the escalating rental prices in Austin in coming months, and the prediction for increased job growth in the metropolis is expected to help builders fill these additional units.
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Sample 1

Sponsored Content
The Key To Savings Is Right Through This Open Door

Unlock huge savings with NAA’s Open Door Program, an exclusive member benefit offering great value on products and services from your favorite rental housing service partners.
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Minneapolis Community

Industry Buzz
Minneapolis Community Strives for Highest Levels of Energy Efficiency

Minneapolis’ The Rose apartment community is seeking certification through the Living Building Challenge based on design features that will include solar thermal panels and rainwater collection.
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Metro areas

Market Trend Insights
What Income Level Residents Need to Live in These Popular Metro Areas

Cost of living can vary greatly from city to city, especially in high-rent metro areas such as San Francisco, Boston and Washington, D.C. Zillow reveals the hourly wage that those who live alone need to afford rents in these and other popular metro areas.
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Boomers

Market Trend Insights
Work from Home? ‘Boomers Say ‘No’

Flexible work hours and the ability to telecommute may be popular with generation Xers and millennials, but baby boomers are not generally fans of working at home. Here’s why.
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360 Mission

NAA Announcements
 
 
Help Find the Best Communities in the Country

Applications are now open for the 2015 NAA PARAGON Awards, which will recognize the excellence of industry professionals in shaping today’s multifamily housing market. The deadline for submissions is March 27. The winners will be announced at the 2015 NAA Education Conference and Exposition and featured in the September issue of units Magazine.
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HUD Secretary to Speak at NAA Capitol Conference

Along with honing essential advocacy skills to address issues in the apartment industry, attendees at the NAA Capitol Conference on March 17 will have the opportunity to hear a keynote speech by U.S. Department of Housing and Urban Development Secretary Julián Castro.
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Come for the Education; Stay for the Excitement

The 2015 NAA Education Conference & Exposition, June 24-27 at the Mandalay Bay Resort & Convention Center, will offer attendees opportunities to network, socialize and learn at myriad events, parties and 50-plus breakout sessions. Sign up today.
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Get to Know Your Competitors

The National Apartment Association’s 26th annual NAA Survey of Operating Income and Expenses in Rental Apartment Communities is now available and contains information on nearly 3,700 garden, midrise and high-rise properties.
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Industry Insider