INFOGRAPHIC: Battle of will
Launching from the bestselling 2008 book, Nudge, by Thayer and Sunstein, nudging became a cultural phenomenon. The concept assumes that behavior is better persuaded than regulated. Sounds good, but does it work? 400+ behavioral insight...
New metrics make Midwest investment attractive
Recently, the Midwest has shown surprising growth and economic resilience, making this region an attractive candidate for multifamily development, investment and general interest. Often considered the slowest growing region in the U.S., the Midwest has...
Mod, mod world
Some of the busiest apartment developers in the U.S. are still trying to use three-dimensional “modules” created in factories to reduce the cost of construction. For more than a decade, modular construction companies promised they...
Revenue management’s data dilemma
The first multifamily housing property went live on revenue management (RM) 23 years ago in February. That system was the first iteration of Lease Rent Optimizer (LRO), designed by Talus Solutions and later acquired...
Why housing costs remain a major hurdle for lowering inflation
Housing inflation continues to be a stubborn impediment to the consumer price index (CPI) falling back to the Federal Reserve’s target. Despite broader economic inflation cooling significantly from pandemic peaks, the shelter inflation index has...
Apartmentalize roundup: Maintenance as cost saver, operations help close deals
The quest for savings at multifamily properties kicked up a notch at June’s National Apartment Association’s Apartmentalize conference in Philadelphia. Managing expectations: maintenance Maintenance, an essential and rapidly growing cost center that is nonetheless crucial to...
Building permits for apartments declined nearly 30 percent since pandemic
Persistently high interest rates are restricting the ability of businesses to borrow money to invest in real estate construction. Fewer builders are seeking building permits for multifamily housing units or apartments as many remain concerned...
Labor Department quietly cuts employment growth in half
The labor market increasingly resembles the imposing visage of the Wizard of Oz, with disappointment behind the curtain. Just look at the latest job numbers. Recent data indicate the economy added about half as many...
Millennials rising
Millennials are now wealthier than previous generations were at their age. They can’t believe it either. The median household net worth of older millennials, born in the 1980s, rose to $130,000 in 2022 from $60,000...
Categories hit hardest by inflation
Despite inflation cooling to the lowest level in more than three years in July, there’s no way around the fact that consumer prices in the United States have risen sharply over the past three...
Has capitalism come at the expense of the poor?
Perhaps the most amazing fact in all economic history is the unprecedented rise in wealth per person that has taken place in the last two centuries, following the Industrial Revolution. But it remains a...
San Francisco city council targets free speech to cover up its own housing failures
The San Francisco city council is smashing the mirror because it doesn’t like the face staring back at it. The council just approved a ban on websites that offer data about local rental markets and...
New game post-Chevron
For decades, the judicial doctrine called “Chevron deference” dominated American administrative law. In the aftermath of Chevron’s demise in Loper Bright v. Raimondo, however, a new legal debate is brewing over an 80-year-old judicial precedent:...
California to turn unused school land into millions of housing units
In an effort to address a lack of housing that officials say has contributed to a shrinking teaching workforce, the California Department of Education is planning on converting undeveloped school lots into affordable housing. State...
Market set for recovery
The multifamily housing market is showing promising signs of recovery, with recent data from CoStar Group revealing a significant increase in demand and stabilization of vacancy rates. Absorption rates have notably risen from 118,000 units...