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...
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...
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...
The creators
“Beauty is the promise of happiness,” wrote 19th Century French writer Stendhal. Beauty “exalts the mind or spirit,” according to Merriam-Webster and “truth, beauty and goodness” are the eternal principles for which the soul...
High interest rates stymie apartment investment
Few are executing new deals amid uncertainty about how high rates will go, what properties are worth, how much rents and operating costs will grow and whether a recession is coming.
Higher interest rates have...
Our perception of skilled trades needs to change
The U.S. is in the midst of a crisis of masculinity. According to a new study from the Federal Reserve Bank of Boston, men without four-year college degrees, ages 25 to 54, have left...
