Resident retention issues spark new strategies
The number of people looking for an apartment this year has returned to a more normal pattern from the high rent, high occupancy days of 2022, according to RealPage Analytics. “Demand for apartments appears to...
Opportunities in ULI’s real estate economic forecast
Demand for apartments is likely to stay relatively strong. At the same time prices are likely to fall for all types of real estate property, according to the March 2023 edition of the Urban...
Weathering the perfect supply storm
The theme of multifamily industry reports this year has centered around uncertainty, but seasoned apartment developers, investors and analysts believe the sector is well positioned to weather economic storms. They call what some see as...
Rent control renaissance
Failed attempts to implement rent control remind us there is really only one way to lower housing prices when there is a shortage: build more housing. If one needed any more proof that rent control...
Making it to morning
“Tell us about the American miracle,” someone yelled breaking the crowd’s silence. It was 1981. The event was an international economic summit in Canada, and America was firing on all cylinders. The country was entering...
Hope and uncertainty
Better times might be just around the corner for apartment investors stressed by the highest interest rates in years. Or interest rates could easily keep rising as federal officials try to smother price inflation. The uncertainty...
The great setting of expectations
Good customer service begins with onboarding. Studies have shown that residents who are satisfied at move-in tend to remain satisfied through renewal and those who are unsatisfied tend not to renew. But resident onboarding is...
Vacant apartments come from bad policy, not a conspiracy
On Halloween, 2022, some elected officials held a performative press conference to talk about “Zombie Apartments.” They claim property owners are engaging in a mass conspiracy to keep rent-stabilized apartments vacant in an attempt...
NAHB Pillars of the Industry multifamily winners 2022
“Through the pursuit of beauty we shape the world as a home and in doing so we both amplify our joys and find consolation for our sorrows,” said Sir Roger Scruton in his 2009...
Beauty will save the world
It is said that beauty preserves the human essence. Through time and modernity, styles will change but human nature, the truth at man’s core—remains constant. Behavioral scientists know this. Marketers know this. Those purveyors...
Free to build
The overregulation of American housing markets began in the nation’s coastal, educated, productive enclaves. Over time, how-ever, barriers to building have spread. Tony suburbs of Phoenix and Austin, which once left their builders free...
Shock to the system
Rising costs shock affordable housing developers followed by high interest rates and volatile construction costs. Developers are dizzy from volatile construction costs and rising interest rates. These costs shocked developers struggling to finance plans to...
Navigating uncertain times
If there is one word that best describes what’s impacting today’s multifamily market it’s uncertainty says National Apartment Association CEO Robert Pinnegar. In the wake of the Federal Reserve’s seven interest rate hikes that began...
Progress for NYCHA
The growing plan to save NYC’s public housing is heating up. In 2023, workers will finish renovations at thousands of public housing apartments in New York City. That might sound like a lot—but it’s just a...
NAHB Pillars of the Industry finalists 2022
As part of its mission to promote excellence in multifamily home building, the National Association of Home Builders (NAHB) has sponsored the Pillars of the Industry awards for more than 20 years. These awards...
