News & Trends

This department of Rental Housing Journal is dedicating to keeping apartment owners, multifamily executives, real estate investors, landlords and other real estate professionals up to date with the latest trends in real estate, property management and more. Here you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

real estate market trends
Mon
19
Feb
The Editors's picture

Multifamily Construction Starts Down In Many Top Metro Areas In 2017

Multifamily Construction Starts Down In Many Top Metro Areas In 2017

The 7% drop for commercial and multifamily construction starts at the U.S. level in 2017 reflected mostly a multifamily pullback, according to Dodge Data and Analytics.

Multifamily construction starts at the U.S. level in 2017 dropped 12% to $84.9 billion, which followed a 10% increase in 2016 ($96.1 billion).  Commercial building construction starts in 2017 slipped 3% to $109.8 billion, staying close to the 2016 level ($113.1 billion) achieved with a 22% hike that year, according to a release.

Mon
19
Feb
The Editors's picture

More Homeowners Will Be Matched With Long-Term Renters

More Homeowners Will Be Matched With Long-Term Renters

New research says demographic shifts and the sharing economy will lead to more homeowners with spare bedrooms being matched with long-term renters.

 “Home sharing will gradually take a sizeable dent out of housing demand,” write Mikaela Sharp and John Burns, of John Burns Real Estate Consulting. They say 44 million empty bedrooms await.

“Just like Uber matches car owners with passengers and Airbnb matches homeowners with short-term renters, new technology companies match homeowners with long-term renters. These sharing economy technologies will keep household formation and new home construction lower than most have projected,” they write.

Fri
09
Feb
The Editors's picture

Company Acquires Lighthouse Apartments In Seattle Metro

Company Acquires Lighthouse Apartments In Seattle Metro

Freshwater Investments has purchased The Lighthouse Apartments, a 76-unit property in Kent, Washington, for $16.5 million, according to a release.

This is the second property in the Seattle metro area that Freshwater has added to its portfolio. The company also owns the 93-unit Stinson Apartment Homes in Everett, WA.

 “The Seattle metro area continues to be a sought-after location with high potential. With this acquisition, we have almost doubled our portfolio here and created new opportunities for our investors,” Alex Rozenfeld, Freshwater Investments Founder and Managing Partner said in the release.

Tue
06
Feb
The Editors's picture

Portland Mayor Flip-Flops On Small Landlords Exemption

Portland Mayor Flip-Flops On Small Landlords Exemption

After first saying he wanted more study on the issue, Portland Mayor Ted Wheeler now favors removing the exemption for small landlords who own only one property and require them to pay moving expenses if they evict a tenant for no-cause or increase rent more than 10 percent, according to reports.

Wheeler said in a statement last month  more information is needed before he would support removing the exemption for landlords who own only one property.

Tue
30
Jan
The Editors's picture

Multifamily Industry Needs To Catch Up To Coming Demands

Multifamily Industry Needs To Catch Up To Coming Demands

New research on the multifamily industry shows the need for developers, investors, property managers and architects to adapt to the shifting demographics and psychographics of the renter population in order to effectively meet the demand for 4.6 million new apartment units by 2030, according to the National Multifamily Housing Council (NMHC).

 

The apartment of tomorrow and the coming distruption

Mon
29
Jan
The Editors's picture

Car Charging As A New Source Of Apartment Revenue

Car Charging As A New Source Of Apartment Revenue

Car charging at apartment buildings for the growing number of electric vehicles can be a new source of revenue for the multifamily industry.

By Peter Vierthaler 

If you own an apartment building with parking spaces, you have just struck oil.

New technology creates significantly more electric capacity to charge cars in your garage or lot. Car charging is a new source of revenue. Parking spaces with car chargers rent for up to $50 more per stall.

Early adopters of car charging will realize more income and less vacancy. The cost of electricity can be billed back to the tenants.

Electric and chargeable hybrid cars are a rising share of the automobile market.

Thu
25
Jan
The Editors's picture

Renters Now A Majority In Almost 25 Percent Of Largest U.S. Cities

Renters Now A Majority In Almost 25 Percent Of Largest U.S. Cities

Renters are now a majority in almost a quarter of the 100 largest U.S. cities as they shifted from owner- to renter-majority between 2006 and 2016, according to a new report from RentCafe.

Renters took over in 22 cities including key markets like Chicago, San Diego, Detroit, Austin and  Sacramento, boosting the total number of renter-dominated cities to 42. 

“Furthermore, over the 10-year period we analyzed, rentership growth outpaced homeownership in 97 of the 100 most populous cities,” RentCafe writes in the report.

Tue
23
Jan
The Editors's picture

Strong Multifamily Market To Continue In 2018

multifamily market 2018

The multifamily market will see continued strength in 2018, largely mirroring last year's performance, according to new findings in the Freddie Mac Multifamily 2018 Mid-Year Outlook.

The outlook also shows Sacramento, Portland, Seattle, Tacoma and Colorado Springs among the top 10 metros for income growth in 2018.

In the outlook, Freddie Mac Multifamily Research and Modeling Vice President Steve Guggenmos and Manager Sara Hoffmann find:

Fri
19
Jan
The Editors's picture

Yardi Matrix Report Forecasts A Solid Multifamily Housing Market

Yardi Matrix Report Forecasts A Solid Multifamily Housing Market

A new market outlook report compiled by Yardi® Matrix concludes that multifamily housing market growth will continue, albeit at a tepid pace, for the next 18 to 24 months, according to a release.

“On a big-picture basis, demand for multifamily shows no signs of slowing,” the U.S. Outlook for Winter 2018  report says, citing the growing 20-to-34-year-old renter cohort, downsizing retirees, a moderate economic growth forecast and anticipated delivery of 360,000 new units in 2018.

The report says that, “after several years of sizzling improvements in fundamentals, 2017 was a year of retrenchment in the multifamily market. Rent growth cooled amid robust development, and occupancy levels—although still solid—began to trend down in some metros.’

Tue
16
Jan
The Editors's picture

Utah’s Real Property Management Company Named Top Brand

Utah’s Real Property Management Company Named Top Franchise

Two publications recently named Utah-based Real Property Management, a full-service property management company as a best brand in their industry, according to a release.

Entrepreneur Magazine's Franchise 500, known as the world's first, best and most comprehensive franchise ranking, recognized Real Property Management for the seventh consecutive year, acknowledging its exceptional performance in areas including financial strength and stability, growth rate and brand power.

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