Saturday, September 14, 2024

Tag: July August 2024 Quick

In President Biden’s press conference on July 11, he mentioned his plan to impose rent control with a 5 percent rent increase cap on corporate landlords as part of his second term agenda if reelected.

Biden calls for rent control

President Biden formally announced his national rent control plan at a campaign event in Nevada July 16. The president intends to limit rent increases to...

The price of disorder

I was once pitched a deal in the heart of the Amazon—Manaus, Brazil. What was I buying? Firstly, a commercial asset. But I couldn’t...
High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy?

A luxury vibe

High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy? National Class A rents...
Often considered the slowest growing region in the U.S., the Midwest has recently shown surprising improvements, both in the performance of its multifamily markets and in the resilience of the region’s economy. The outperformance comes amid a volatile economic backdrop—the Midwest’s relative stability is one of the region’s defining features and highlights its importance in any multifamily portfolio.

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...
Avenue South Residences—56-story residential towers located on the western edge of Singapore’s urban core—will be the tallest buildings created with prefabricated prefinished volumetric construction (PPVC). The 988-unit multifamily housing towers will include 2,984 modules (ADDP Architects).

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...
Texas-based property management software provider RealPage and California-based Yardi Systems and the clients who use their RM software are named as defendants in class-action lawsuits. The companies have drawn the additional scrutiny of the U.S. Department of Justice and the Federal Trade Commission, both of which are investigating for alleged price fixing in violation of antitrust laws.

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...
Despite broader economic inflation cooling significantly from pandemic peaks, the shelter inflation index has remained elevated, largely due to how the BLS calculates housing costs.

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...
Apartmentalize roundup: Maintenance as cost saver, operations help close deals

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...
Persistently high interest rates are restricting the ability of businesses to borrow money to invest in real estate construction.

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...

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