Careful repositioning decisions can keep apartments affordable for middle-income renters. By Bendix Anderson (NREI Online Article) — Turns out value-add investment strategies, in which developers renovate older apartment buildings, can make apartments too expensive for many lower-income renters, according to industry experts. “As an industry,...Continue reading »
Author Archives: 2!xMyNQ#FV8h4U
StayTony launches new platform to allow residents to finance their rent. By Jennifer Castenson (MultiFamilyExecutive.com Article) — In Los Angeles, a typical consumer needs a salary of $123,156 in order to purchase a new home, according to a report by the site HowMuch. That’s a big number compared to the rest of the country. The top 50 markets range...Continue reading »
A new report from Capital Economics gives us an idea Is the recent surge in rental growth an indicator of tightening rental markets? In March, rental growth increased to 3.7% from last year, a 12-month high, according to the latest Consumer Price Index. By Caroline Basile (HousingWire.com Article) — According to a new report from Capital...Continue reading »
Bock Development Group’s Tom Bock provides three strategies for engaging with the surrounding community. By Tom Bock (MultiFamilyExecutive.com Article) — Any developer will tell you that planning and designing a multifamily project is extremely time intensive. Each aspect of the process must be carefully thought out and precisely executed. However,...Continue reading »
Latest report says rental growth will fall back as earnings cool down By Caroline Basile (HousingWire.com Article) — The latest housing outlook report from Capital Economics shows that as GDP growth cools, so will rental growth. Economists at the firm say it expects that the gradual loosening in market conditions mean rental growth is set to cool off. “From...Continue reading »
Water and energy improvements help cut utility bills for low- and middle-income households. By Christine Serlin (MultiFamilyExecutive.com Article) — Since Freddie Mac launched its Green Advantage program in August 2016, the government-sponsored enterprise (GSE) has discovered the program has more advantages than originally anticipated. Since the program’s...Continue reading »
Clarifies regulations to encourage more development By Jessica Guerin (HousingWire.com Article) — The Treasury Department released a second round of rules clarifying requirements for Opportunity Zones recently in a move designed to encourage more development in low-income areas. The new rules are intended to make it easier for developers looking to take advantage...Continue reading »
A survey from Greystar looks at the most popular apartment building amenities. By Bendix Anderson (NREI Online Article) — To attract residents, apartment managers are mixing amenities like swimming pools with activities like fitness classes. “It isn’t enough to have the fitness center, clubhouse, pool mix… Instead, provide these as services...Continue reading »
(MultiFamilyBiz.com Article) — New construction starts in March advanced 16% from the previous month to a seasonally adjusted annual rate of $809.2 billion, according to Dodge Data & Analytics. The substantial gain followed a lackluster performance during the first two months of 2019, as total construction starts in March were able to climb back to a level...Continue reading »
By Tim Blackwell (PropertyManagementInsider.com Article) — January’s government shutdown found the Affordable housing industry grappling for a lifeline. Next to the Environmental Protection Agency, the Department of Housing and Urban Development was the most affected by the longest government shutdown in U.S. history. Contract renewals were put on hold...Continue reading »
